The US Department of Justice reported that the founder of MyTrade has pleaded guilty to charges of cryptocurrency market manipulation. As part of the investigation, the firms Gotbit, CLS Global, and ZM Quant were also charged for engaging in transactions that created a false impression of interest in tokens and their prices.
Liu Zhou, a 39-year-old citizen of China and Canada, will be sentenced next year for manipulating client cryptocurrencies on several exchanges. US authorities reported that such operations included "pump and dump" schemes and led to losses for buyers.