The huge price swings in the world of cryptocurrencies give fortune hunters hope for big profits, but also attract fraudsters and manipulators. They use shady tricks to trap unsuspecting investors and line their pockets. Now the FBI has taken a closer look at their tactics – with a pretty insidious trick.
The prices of cryptocurrencies depend on supply and demand – right? Apparently not: after extensive investigation, the US Federal Police (FBI) was able to prove that manipulation in the crypto world is anything but unusual. A total of eighteen people and companies were charged with fraud and market manipulation, with arrests made in three different states. The access was unexpected for the manipulators; the FBI used a previously unknown and quite insidious tactic. Krone+ explains how it worked.
Source: Krone
I am Wallace Jones, an experienced journalist. I specialize in writing for the world section of Today Times Live. With over a decade of experience, I have developed an eye for detail when it comes to reporting on local and global stories. My passion lies in uncovering the truth through my investigative skills and creating thought-provoking content that resonates with readers worldwide.
