U.S. court fines Mytrade founder $10K over role in market manipulation scheme

A federal court in Boston fined Liu Zhou, founder of crypto financial services firm Mytrade, $10,000 for participating in a market manipulation scheme. Prosecutors said Mytrade used its platform, Mytrade MM, to offer cryptocurrency projects so-called "volume support services," artificially manipulating exchange trading volume and market activity through wash trading carried out with bots.