MyTrade Founder Fined $10K Over Bots That Wash Traded 60 Cryptocurrencies
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Liu Zhou, the founder of MyTrade, has been fined $10,000 for operating bots that engaged in wash trading across 60 cryptocurrencies, with the intention of causing financial losses to other buyers.
Liu Zhou told undercover agents the objective was to make other buyers lose money, according to the Justice Department.