{"id":30750,"date":"2024-10-10T14:00:31","date_gmt":"2024-10-10T11:00:31","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=30750"},"modified":"2024-10-10T09:41:01","modified_gmt":"2024-10-10T06:41:01","slug":"us-charges-18-individuals-and-companies-with-cryptocurrency-manipulation-and-fraud","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/us-charges-18-individuals-and-companies-with-cryptocurrency-manipulation-and-fraud\/","title":{"rendered":"US Charges 18 Individuals and Companies with Cryptocurrency Manipulation and Fraud"},"content":{"rendered":"<p>The US government has taken an important step against the increasing manipulation and fraud incidents in the cryptocurrency sector, charging 18 individuals and companies with illegally manipulating cryptocurrency markets and defrauding investors. As a result of the investigations launched by the US Department of Justice and the Securities and Exchange Commission (SEC), the individuals accused are alleged to have been involved in fraudulent activities worth millions of dollars.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/us-charges-18-individuals-and-companies-with-cryptocurrency-manipulation-and-fraud\/#Fraud_and_Manipulation_Tactics_in_the_US_Allegations\" title=\"Fraud and Manipulation Tactics in the US Allegations\">Fraud and Manipulation Tactics in the US Allegations<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/us-charges-18-individuals-and-companies-with-cryptocurrency-manipulation-and-fraud\/#US_Pressure_on_the_Cryptocurrency_Sector_is_Increasing\" title=\"US Pressure on the Cryptocurrency Sector is Increasing\">US Pressure on the Cryptocurrency Sector is Increasing<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Fraud_and_Manipulation_Tactics_in_the_US_Allegations\"><\/span>Fraud and Manipulation Tactics in the US Allegations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As part of the investigation, it was stated that these individuals gave fake buy-sell orders to artificially increase or decrease cryptocurrency prices, and tried to make a profit by misleading investors. With this manipulation method called &#8220;Pump and Dump&#8221;, the prices of cryptocurrencies were increased rapidly and then the accused individuals were making unfair profits from the market by selling at high prices.<\/p>\n<p>According to Reuters, these companies include GotBit, Zm Quant, Cls Global and Mytrade.<\/p>\n<p><em>Might interest you: <a href=\"https:\/\/coinengineer.net\/blog\/what-is-babydoge\/\">What is BabyDoge?<\/a><\/em><\/p>\n<p>It is also alleged that scammers are targeting investors through fake cryptocurrency projects and platforms and are defrauding investors of large amounts of money through these projects. Both small investors and large institutional investors have been victimized by these methods.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"US_Pressure_on_the_Cryptocurrency_Sector_is_Increasing\"><\/span>US Pressure on the Cryptocurrency Sector is Increasing<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>With the increasing popularity of the cryptocurrency sector in recent years, the US government has begun to take steps to tighten regulatory measures. While the SEC and other federal agencies are working to make cryptocurrency markets more transparent and reliable, they also emphasize that criminal sanctions for illegal activities should be increased. This case is seen as one of the most comprehensive measures taken against illegal activities in the cryptocurrency sector.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US government has taken an important step against the increasing manipulation and fraud incidents in the cryptocurrency sector, charging 18 individuals and companies with illegally manipulating cryptocurrency markets and defrauding investors. As a result of the investigations launched by the US Department of Justice and the Securities and Exchange Commission (SEC), the individuals accused<\/p>\n","protected":false},"author":6,"featured_media":22709,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1219,7672,8966],"class_list":["post-30750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-us","tag-us-crypto","tag-us-crypto-charge"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US Charges 18 Individuals and Companies with Cryptocurrency Manipulation and Fraud - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/us-charges-18-individuals-and-companies-with-cryptocurrency-manipulation-and-fraud\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Charges 18 Individuals and Companies with Cryptocurrency Manipulation and Fraud - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The US government has taken an important step against the increasing manipulation and fraud incidents in the cryptocurrency sector, charging 18 individuals and companies with illegally manipulating cryptocurrency markets and defrauding investors. 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