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FBI creates fake cryptocurrency in sting operation to catch pump-and-dump market manipulators (www.techspot.com)

submitted 1 month ago by Fontasia@feddit.nl to c/nottheonion@lemmy.world

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cross-posted from: https://lemmy.today/post/17506951

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[–] Reverendender@sh.itjust.works 8 points 1 month ago (1 children)

What laws are they prosecuting the users of this unregulated market under?

[–] Ranvier@sopuli.xyz 3 points 1 month ago

"The charges include market manipulation, conspiracy to commit money laundering, and wire fraud, which can lead to sentences of up to 20 years"

SEC also has a press release

https://www.sec.gov/newsroom/press-releases/2024-166