MyTrade Head First to Plead Guilty Among Group of Firms Accused of Gaming Markets

MyTrade Head First to Plead Guilty Among Group of Firms Accused of Gaming Markets

Liu Zhou, 39, said to be from China and Canada, will be sentenced early next year in federal court for "the wash trading of client cryptocurrencies across multiple cryptocurrency exchanges," according to the DOJ. Wash trading refers to the artificial driving up of asset prices by suggesting a fake level of transaction interest.