An FBI-created token helped expose how firms allegedly engineered fake volume and why the incentives behind it remain deeply entrenched U.S. prosecutors charged 10 people tied to several crypto firms with orchestrating wash trading and pump-and-dump schemes uncovered through an undercover FBI token sting. Experts say wash trading remains pervasive, especially in smaller tokens and on lightly regulated exchanges, because inflated volume creates the illusion of liquidity and demand. The case sign…
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