PANews|Aug 06, 2026 16:26
[U.S. Department of Justice: Crypto Market Maker MyTrade Founder Fined $10,000 for Market Manipulation]
The U.S. Department of Justice (DOJ) announced that Liu Zhou, founder and primary operator of the crypto financial services company MyTrade, has been fined $10,000 in Boston federal court for participating in a crypto market manipulation scheme. Prosecutors stated that MyTrade, through its 'MyTrade MM' platform, provided so-called 'Volume Support' services to crypto projects, using bots to execute wash trading on multiple crypto exchanges. This artificially created trading volume and market activity, misleading investors.
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