- Jury finds two men guilty of manipulating security prices using trading bots in a multimillion-dollar fraud trial.
- Shane Hampton and Michael Kane were sentenced for manipulating the price of HYDRO token, a security in this case.
- The US SEC had previously declared several cryptocurrencies as securities in its lawsuit against Coinbase.
The US Securities and Exchange Commission (SEC) listed several cryptocurrencies as securities in its lawsuit against Coinbase in 2023. However, for the first time ever, a crypto token – Hydrogen Technology’s HYDRO – was labeled as a security in a multi-million dollar fraud trial.
A notice from the US Department of Justice (DoJ) on Tuesday shows that two men were sentenced to prison for manipulating the price of the security in question (HYDRO). The charges were the manipulation of the price of HYDRO and scheming to defraud investors in connection with the…
