The U.S. Department of justice has opened a criminal case against the actions of the persons involved in the manipulation of prices of Bitcoin and Ether, according to Bloomberg today, may 24.
The publication cites four anonymous sources involved in this issue, reporting that the criminal investigation conducted by Federal prosecutors and the U.S. Commission on commodity futures trading (CFTC), will carefully consider the ways in which traders might be able to illegally manipulate prices through spoofing, for example.
Spoofing (Spoofing) — the creation of a large number of orders with subsequent cancellation, appeared on the cryptocurrency markets, when an unknown trader or group of traders, known as “Spoofy” has placed several orders in the amount of $ 1 million. USA, but the sale or purchase appeared prior to the transaction. “Spoofy” also is that a trader buys a private order, creating the illusion of market demand to attract more buyers.
The Commission on securities and stock exchanges of the USA (SEC) began its own investigation in relation to cryptocurrency in March. A number of related sector companies such as tZero, a subsidiary of Overstock.com falls under this investigation.
Most recently, U.S. and canadian regulators have announced the start of operations under the name Operation Crypto-Sweep. Its purpose is to fight against cryptocurrency fraud. The operation involves the analysis of about 70 investigations, 35 cases of violence in approximately 40 jurisdictions.