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Crypto Collapse: Your Grandma Was Right – The Wild West Is Real!

A  illustration depicting a wild west town with cryptocurrency symbols hanging from wanted posters, while people in cowboy hats are seen running away from an 'FBI Cryptocurrency Task Force' logo emblazoned on a sheriff's badge, amidst chaotic trading screens and broken computer monitors in the background.

It’s not just your grandma getting scammed – even sophisticated investors are being duped in a major crypto market manipulation case! The FBI is on the hunt for cryptocurrency fraud victims, and we’re living our best lives over here thinking ‘this could’ve happened to us’… or maybe it already has. Four companies and four market makers are facing charges linked to wash-trading, artificially inflating trading volumes, and making a general mess of things in the crypto world.

Source: bitcoin.com

The Federal Bureau of Investigation (FBI) is urging potential victims of cryptocurrency fraud to come forward as it investigates market manipulation involving several cryptocurrency companies. Accusations include “wash-trading” and artificially inflating trading volumes to deceive investors. The Federal Bureau of Investigation (FBI)’s Boston Division is calling on individuals potentially affected by cryptocurrency fraud to step forward in its ongoing investigation. The Bureau explained that leaders of four cryptocurrency companies and […]

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