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Founder of cryptocurrency 'market maker' pleads guilty in US to fraud, market manipulation

( October 30, 2024, 21:25 GMT | Official Statement) -- MLex Summary: Liu Zhou, the founder and primary operator of “MyTrade,” a financial services firm known in the cryptocurrency industry as a “market maker,” pleaded guilty in federal court in Boston for his role in a wide-ranging conspiracy to manipulate cryptocurrency markets on behalf of client cryptocurrency companies, the US Department of Justice said. The case marked the first guilty plea of a cryptocurrency market maker, prosecutors said....

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