Wu Blockchain has learned that the U.S. Department of Justice's Northern California Prosecutor's Office announced that 10 executives and employees from four crypto market-making firms have been indicted for allegedly using wash trading to artificially inflate token trading volumes and prices. The firms involved are Gotbit, Vortex, Antier, and Contrarian. Three defendants have been extradited from Singapore to the U.S., while two others have pleaded guilty and been sentenced. In an undercover operation, the FBI and the IRS Criminal Investigation Division even created multiple crypto tokens to investigate illegal volume manipulation and pump-and-dump schemes within the industry. Over $1 million in crypto assets have been seized so far. https://(wublock123.com)/news/news-58924