USA Against Crypto-Market Manipulations

Bloomberg news agency, referring to unnamed sources, reports that the US legal agencies, namely, the Ministry of Justice, initiated the investigation to identify unscrupulous market players that may affect the cryptocurrency prices. It is known that these actions are organized in cooperation with the CFTC. It is stated that the experts of the commission help to identify illegal practices.

The news also described several techniques that can be used by manipulators. For example, spoofing. The method, which an unfair trader creates a huge number of orders for certain transactions without further confirmation and denial. Such behavior of investors can have a strong impact on the price charts of many popular cryptocurrencies, including Bitcoin and Ether.

It is noted that regulators are not sure that crypto-exchanges take all possible actions to suppress such actions of traders. Traders are known to be grouped together to coordinate their actions. Comments on this issue were not yet made by the officials, and an anonymous source reported that the case is at the earliest stage of its development.

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