jakiro
Written article: 0xjs@：
As we all know, the encryption industry is mixed.
American SEC Chairman Gary Gensler has always regarded many cryptocurrencies as securities, criticizing the phenomenon of manipulation of the crypto industry.It largely represents the official American regulatory attitude.
On October 9, 2024, the United States SEC, the FBI, FBI and the US Department of Justice (DOJ) jointly acted together to conduct four cryptocurrencies, four as cities and related entities.The founders and employees filed a lawsuit, accusing them of market manipulation and fraud.The four defendants have pleaded guilty, and the other defendant has agreed to plead guilty. This week, the US Department of Justice arrested three other defendants in Texas, Britain and Portugal.The U.S. Department of Justice has seized more than $ 25 million in cryptocurrencies and has discontinued multiple trading robots. These robots have conducted about 60 different cryptocurrencies worth millions of dollars.
These eight crypto companies are four cryptocarring companies: Saitama, Robo Inu, Vzzn, Lillian Finance;Four businessmen: GOTBIT, ZM Quant, CLS Global, MyTrade.
It is worth noting,Gotbit is a city merchant behind multiple Meme currenciesFor example, the famous Meme currency BONK on Solana, others also include Analos, Duko, Peng, Solama, andRecently launched by Nin -Guo and extremely amazing lowercase NeiroEssenceGotbit official pushing top post stated that Gotbit has been cooperating with it since its establishment … The secret of the success of the <
According to the indictment, the defendant who created cryptocurrencies made a false statement on its cryptocurrencies, and the city owners made false “laundering transactions” to these tokens to create the illusion of active transactions, making the tokens look like it is like a transaction.Good investment.It is said that these deception strategies have attracted new investors and buyers, leading to increased token transactions.Then the defendant sold their tokens at a raising price, which is usually called “pulling the shipment”.The largest cryptocurrency Saitama once had a market value of billions of dollars.
Although many encrypted industry people often criticize that Gary Gensler is too conservative and strictly regulated, there are indeed many manipulation and fraud activities in the encryption industry.Just like this, the prosecution as a city merchant said,“The goal of the secondary market” is to find “other buyers in the community, you don’t know or care about it”, because “you must make [other buyers] lose money to make a profit.”
It is worth noting that this is a joint action of multiple US government departments.In order to capture practical evidence, the US FBI personally created cryptocurrencies and carried out fishing law enforcement to the businessmen.
FBI’s unprecedented actions: personally created tokens on Ethereum and “fishing law enforcement”
The US FBI has always had the work style of “fishing law enforcement”. This time, the US FBI has successfully used the “fishing law enforcement” behavior to the encryption industry.
According to the US FBI, this “fishing law enforcement” is part of the U.S. government’s potential market manipulation of the cryptocurrency industry.
In order to identify, destroy, and ride the fraud,The FBI of the United States has taken unprecedented actions to create its own cryptocurrency company and token NEXFUNDAI.It is reported that the NexFundai tokens are deployed on Ethereum.
The FBI found the three ZM Quant, CLS, and MyTrade MMs in the four companies in the city merchants.
Among them, ZM Quant is also a city merchant for NexFundai and Saitama, and Gotbit is the city merchant of Saitama. The Robo Inu and VZZN tokens are created after the former employees of Saitama.
FBI successfully obtained the criminal evidence of the majority of the defendant through NEXFUNDAI.
The founder of MyTrade MM, LIU ZHOU, describes in detail how to wash the disk trading and disk transaction purpose in the conversation with NexFundai.LiU ZHOU bluntly speaks the representative of NEXFUNDAI. “The goal of the secondary market” is to find “other buyers in the community, you don’t know or don’t care”, because “we must let [other buyers lose money to make a profit”Essence
Details of manipulation behavior of being sued in the physical market
Four businessmen
1. Gotbit and Aleksei Andriunin, Fedor Kedrov, QAWI JALILI
According to court documents, GOTBIT is a well -known “city merchant” in the cryptocurrency industry.
Aleksei Andriunin, 26 years old, from Russia and Portugal, is CEO and founder of Gotbit.Andriunin was arrested in Portugal on October 8, 2024, waiting for extradition.
Fedor Kedrov is from Russia and is a city director.
QAWI Jalili is from Russia and is a sales director of Gotbit.
GOTBIT, Kedrov, and Jalili were accused of making telecommunications fraud and conspiracy for market manipulation and telecommunications fraud, respectively.Andriunin was also accused of making telecommunications fraud in another criminal indictment, market manipulation and telecommunications fraud, and co -money laundering.
From 2018 to 2024, GOTBIT provides market manipulation and disk trading services for several cryptocurrency companies, including companies located in the United States.It is said that GOTBIT represented customers on behalf of customers with a washing transaction worth millions of dollars and obtained tens of millions of dollars from these illegal services.In an interview released online in 2019, Andriunin describes how he develops a code for disk laundering and artificially raising cryptocurrency transactions.It is said that Andriunin tracks the market manipulation of Gotbit, including the “creation transaction volume” and the “market transaction volume” generated by naturally occurred with electronic meters.Gotbit employees, including Jalili and Kedrov, are said to describe these disk trading strategies to potential customers and how to avoid being discovered.Jalili and Kedrov also provided these services from a variety of cryptocurrencies including Saitama and Robo Inu cryptocurrencies.
It is worth noting that GOTBIT’s laundering transactions have also been cooperated with the exchange.According to the prosecution, Gotbit established group exchanges with Bitmart, XT, and LBANK exchanges on Telegram while making markets for Saitama and Robo Inu.evenGOTBIT said that three accounts that have not been limited by transaction costs in LbankEssence
2. ZM Quant and Riqui Liu, Baijun Ou
ZM Quant is a “city merchant” in the cryptocurrency industry to promote illegal market manipulation services to customers.
Riqui Liu, 26 years old, from the United Kingdom and Hong Kong, is an employee of ZM Quant.
Baijun OU, 32 years old, from Hong Kong, is also an employee of ZM Quant.
ZM Quant, Riqui Liu, Baijun OU was accused of making telecommunications fraud and conspiracy for market manipulation and telecommunications fraud in an alternative indictment.
According to court documents, ZM Quant is allegedly promoted a “trading robot” that can “create transaction volume”.ZM Quant employees are said to discuss these illegal services with customers through Telegram messages and video conferences.As claimed in the indictment, in a video conference on March 2024, Riqui Liu, Baijun Ou described the “how to transaction per minute or twenty times per minute” to “increase transaction volume” and “lift the transaction volume” and “lift the transaction volume” and “lift upHigh price.Riqui Liu, Baijun Ou also describes how ZM Quant is said to use multiple trading wallets to avoid transactions from “false”.It is said that ZM Quant provides market manipulation services for many cryptocurrency companies including Saitama and Nexfundai.
3. CLS and Andrey Zhorzhes
CLS is a “city merchant” in the cryptocurrency industry to promote illegal market manipulation services to customers.
Andrey Zhorzhes, from the United Arab Emirates, is an employee of CLS.
CLS and Andrey Zhorzhes are accused of telecommunications fraud and conspiracy for market manipulation and telecommunications fraud in an indictment.
It is said that Zhorzhes describes how the CLS algorithm generates a trading volume on multiple cryptocurrency exchanges to a potential customer, as described below:
“We have an algorithm … basically buy and sell themselves.”
“The idea of creating a transaction volume is … so the tokens look organic and active, people will become interested in trading it.”
“It’s hard to track … we have done this for many customers.”
“I know this is a dishwashing transaction, and I know that people may not be satisfied with this.”
Andrey zhorzhes and other CLS traders provide these market manipulation services for Nexfundai.
4. MyTrade MM and liu zhou
MyTrade MM is another “city merchant” in the cryptocurrency industry to promote illegal market manipulation services to customers, including “pulling shipments” consulting services and “trading trading” promoted by “robots”.
LiU ZHOU, 39 years old, from China and Canada, is the founder of MyTrade MM.
LiU ZHOU was accused and agreed to plead guilty to conspiracy to carry out market manipulation and telecommunications fraud.
Customers of MyTrade MM can specify the daily laundering transaction volume required for daily daily laundering transactions on the instrument panel on the Mtrade MM website.The instrument board of MyTrade MM describes the service as “transaction volume support” and allows the cryptocurrency of each customer to conduct millions of dollars per day, such as::
In a conversation with NexFundai, LiU ZHOU describes MyTrade MM as better than “CLS” and “Gotbit”, because those who are market merchants “let customers cover the drums” and “control the shipment”, which means “They can easily conduct internal transactions. “LiU ZHOU also describes the various purposes of dishwashing transactions, including showing “continuous transaction activities per hour”; a sufficient amount of transaction volume is generated to make the cryptocurrency exchange be removed from listing;According to court documents, Liu ZHOU further described that the “goal of the secondary market” is to find “other buyers in the community, people you don’t know or care”, because “we must make [other buyers] lose money to make profits to make profits”” “.
Four cryptocurrencies
1. Saitama and Manpreet Kohli, Haroon Mohsini, Nam Trans, Max Hernandez, Russell Arman, VY Pham
Saitama is a cryptocurrency company that was originally registered in Massachusetts in August 2021.
Manpreet Kohli, 43 years old, from Britain, is CEO of Saitama.Kohli was arrested in the UK on October 7, 2024, waiting for extradition.
Haroon Mohsini, 37 years old, from Texas, also works in Saitama.Mohsini was arrested in the south of Texas on October 7, 2024.
NAM Tran, 32 years old, from Vietnam, working in Saitama, currently in Vietnam.
Kohli, Mohsini, and Tran were accused of telecommunications fraud, market manipulation, and conspiracy for telecommunications fraud, market manipulation and license -free capital transmission business in an alternative indictment, respectively.
Max Hernandez, 36 years old, from Massachuset
Russell Arman, 42 years old, from Texas, also worked in Saitama. They were prosecuted and both had admitted to market manipulation and conspiring telecommunications fraud and business -free funds.
Vy Pham, 32 years old, from California, was also prosecuted for the behavior of another cryptocurrency company, but as part of the confession, she acknowledged some behaviors involving Saitama.
According to the prosecution, Saitama created a series of products that can be used with its tokens. During its peak, it boasted a market value of $ 7.5 billion.SAITAMA’s leadership is said to have made various false public statements, including Saitama’s business plan has been reviewed by regulatory agencies. The leadership has not sold the Saitama tokens they owned, and the encoding method of the Saitama tokens can prevent market manipulation from manipulating market manipulation.EssenceAccording to the indictment, in fact, Saitama’s leadership actively manipulated the market of the Saitama tokens and secretly sold their Saitama token to obtain the profit of tens of millions of dollars.
Saitama’s market manipulation activity began around July 2021. At that time, the leadership coordinated a series of small purchases distributed in multiple cryptocurrency wallets.These transactions are coordinated on Telegram. According to Arman, the goal is to “make the illusion of a large number of purchases and new holders”, and “incite people to buy more … We hope that the list of small purchases looks like there is more than a more more.Buyers who are more buyers are the idea of ”Saitama.picture:
Since then,SAITAMA’s leadership is said to pay several cities, let them launder Saitama cryptocurrency on the cryptocurrency exchanges (including Bitmart, Lbank, and XT.COM).Saitama’s payment of money is said to include ZM Quant and Gotbit.
2. Robo inu Finance (Robo inu)
Robo Inu is a cryptocurrency company and tokens that was founded by Vy Pham after leaving Saitama in 2021.Pham has been prosecuted and agreed to plead guilty, and acknowledged the crime of market manipulation, committing telecommunications fraud, and engaging in non -licensed capital transmission business.
Pham founded and promoted the Robo Inu from the United States.Similar to Saitama, Robo Inu is said to claim to create a series of products that can be used with cryptocurrencies.Since around 2022, Robo Inu is allegedly paid to Gotbit to make a trading volume of raising the Robo Inu token by a laundering trading on cryptocurrency exchanges such as Bitmart.
3. VZZN and Michael Thompson
VZZN is a cryptocurrency company and tokens, which was founded by Arman after leaving Saitama in 2023.
Michael Thompson, 50 years old, from Virginia, also works in VZZN.Like Armand, Thompson was sued and pleaded guilty to market manipulation.
VZZN is said to be a video streaming service that can be used with VZZN tokens.While promoting the service, Armand and Thompson allegedly also made a misleading public statement on VZZN, and through disk traders, they raised the transaction volume of VZZN tokens.
4. Lillian Finance and Bradley Beatty
Lillian Finance is a cryptocurrency company and tokens, founded by 48 -year -old Bradley Beatty from Florida.Beatty was charged with telecommunications fraud in an indictment.
Lillian Finance allegedly claimed to use blockchain technology in the healthcare industry, and used some income generated by token sales for charity purposes.Beatty made a series of false statements to Lillian Finance to attract investors. For example, he was a defense contractor, and he gave a speech on the theme of cryptocurrencies in Congress.Since then, Beatty has received hundreds of thousands of dollars in retail sales from Lillian Finance to tokens, and misappropriated some of the Lillian Finance of this charity.
The US regulatory authorities reappear:Crypto market manipulation and “laundry transaction” illegal illegal
“This survey is the first time in similar surveys, saying the first survey of the US prosecutor Joshua Levy, and has determined many fraudulentists in the cryptocurrency industry. The disk washing transactions have already been designated as illegal in the financial market, and cryptocurrencies are no exception. In these these.In the case, an innovative technology -cryptocurrency -encountered a 100 -year -old scam -pulling the shipment today is that if you make false statements to deceive investors, it is fraud.Cracking fraud, including in the cryptocurrency industry. “” These allegations also clearly remind people that online investors must be highly vigilant and do their homework before getting involved in the frontier field of digital.People should understand how these scams work to protect themselves. “
Sanjay Wadhwa, deputy director of the US SEC Law Enforcement Department, said, “SEC’s law enforcement operations once again show that retail investors are becoming victims of fraudulent activities of institutional actors in the crypto asset market …Shang joined forces to attract the public with the goal of the false profits of the encryption market, investors should realize that they may be in an unfavorable position. “
The FBI special agent Jodi Cohen said, “The FBI found in this case is basically a new change in old -fashioned financial crimes.’Operation Token Mirros'” evil token developers, promoters, and city merchants in the encryption field.Our discovery has led to the leadership of the four cryptocurrency companies and the four encrypted ‘to do the city merchants’ and their employees. They were accused of taking the lead in implementing a complex trading plan and deceived hundreds of hundreds of hundreds of investors.$ 10 “dollars.”
According to the US Department of Justice, the sentence of different crimes is:
The charges of market manipulation can be sentenced to up to 20 years of imprisonment, up to three years of supervision release, a fine of 5 million US dollars or a fine or loss of crime or loss of crimes.
The charges of telecommunications fraud can be sentenced to up to 20 years of imprisonment, up to three years of supervision release, a fine of 250,000 US dollars or a fine or loss of fines, compensation and confiscation of property.
The charges of telecommunications fraud, market manipulation and/ or in the crime of non -licenseable capital transmission business can be sentenced to a maximum of five years of prison, up to three years of supervision release, maximum of $ 250,000 to a fine or loss of crime or loss.And confiscated property.
The charges of co -conspiracy to launder can be sentenced to 20 years of imprisonment, three -year supervision release, a fine of $ 500,000, or twice the value of the property income (prevailing) and the confiscation of property.
