U.S. Charges 10 Individuals in Digital Asset Pump-and-Dump Schemes

The U.S. Department of Justice has charged 10 individuals associated with Gotbit, Vortex, Antier, and Contrarian in connection with alleged pump-and-dump schemes involving digital assets. According to NS3.AI, prosecutors accused the defendants of artificially inflating trading volumes and prices before selling the assets to unsuspecting investors. Authorities have seized over $1 million in cryptocurrency as part of the investigation. Three of the defendants were extradited from Singapore, while two others have already pleaded guilty and received their sentences.