Friday July 5, 2024

Landmark Federal Case: Jury Declares Crypto Price Manipulation as Securities Fraud

Landmark Federal Case: Jury Declares Crypto Price Manipulation as Securities Fraud

by Kevin Helms June 27, 2024 1 min read

(Originally posted on : Bitcoin News )

In a landmark federal case, two men were sentenced for manipulating the price of a cryptocurrency and defrauding investors, marking the first instance where “a jury in a federal criminal trial found that a cryptocurrency was a security and that manipulating cryptocurrency prices was securities fraud,” said the head of the Justice Department’s Criminal Division. […]

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