Federal prosecutors in California have charged ten foreign nationals from four crypto market-making firms with orchestrating wash trading and pump-and-dump schemes to artificially inflate token prices at the expense of retail investors.
Three defendants were arrested in Singapore, extradited to the United States, and made their initial appearances in federal court in Oakland on March 30.
The firms named in the indictments are Gotbit, Vortex, Antier Solutions, and Contrarian.
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