Crypto

MyTrade Operator Pleads Guilty to DOJ Wash Trading Charges

Liu Zhou, a 39-year-old individual with ties to both China and Canada, is set to be sentenced early next year in federal court for his involvement in the wash trading of client cryptocurrencies across multiple cryptocurrency exchanges, as disclosed by the Department of Justice (DOJ).

Wash trading is a deceptive practice that involves artificially inflating asset prices by creating the illusion of substantial transaction activity.

Zhou’s sentencing highlights the continued efforts by authorities to crack down on fraudulent activities in the cryptocurrency market and hold individuals accountable for engaging in illegal trading practices.

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry.What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content.As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

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