A Golden Finance report stated that, according to an official announcement from the US Department of Justice, the founder of the financial service company 'MyTrade', Liu Zhou, admitted to market manipulation and conspiracy to commit fraud. US District Court Judge Angel Kelley plans to sentence him on February 27, 2025. The Department of Justice stated that MyTrade provides financial services to cryptocurrency customers through its 'MyTrade MM' website and online application, including Whipsaw trading of cryptocurrencies for customers on multiple cryptocurrency exchanges. MyTrade MM has been ordered to cease providing 'volume support' services and permanently deactivate its Whipsaw trading robots, which conduct Whipsaw trades worth millions of dollars daily for approximately 60 different cryptocurrencies. MyTrade MM is also required to add the following disclaimer on its website: 'Volume support is a form of Whipsaw trading, which is illegal under US law.'
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encriptaçãoServiço financeiro公司MyTrade创始人承认市场操纵和欺诈共谋罪
A Golden Finance report stated that, according to an official announcement from the US Department of Justice, the founder of the financial service company 'MyTrade', Liu Zhou, admitted to market manipulation and conspiracy to commit fraud. US District Court Judge Angel Kelley plans to sentence him on February 27, 2025. The Department of Justice stated that MyTrade provides financial services to cryptocurrency customers through its 'MyTrade MM' website and online application, including Whipsaw trading of cryptocurrencies for customers on multiple cryptocurrency exchanges. MyTrade MM has been ordered to cease providing 'volume support' services and permanently deactivate its Whipsaw trading robots, which conduct Whipsaw trades worth millions of dollars daily for approximately 60 different cryptocurrencies. MyTrade MM is also required to add the following disclaimer on its website: 'Volume support is a form of Whipsaw trading, which is illegal under US law.'