The
U.S.
Department
of
Justice
said
it
secured
a
guilty
plea
from
the
operator
of
crypto
“market
maker”
MyTrade,
which
was
one
target
in
a
wide-ranging
sting
that
brought
manipulation
charges
to
multiple
firms
and
individuals
earlier
this
month.
Liu
Zhou,
39,
said
to
be
from
China
and
Canada,
will
be
sentenced
early
next
year
in
federal
court
for
“the
wash
trading
of
client
cryptocurrencies
across
multiple
cryptocurrency
exchanges,”
according
to
the
DOJ.
Wash
trading
refers
to
the
artificial
driving
up
of
asset
prices
by
suggesting
a
fake
level
of
transaction
interest.
