I am not surprised, as the owner Arthur Hailey is a seasoned fraudster, he has been convicted. For financial crimes.
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CryptoZeno
ยท
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๐จ $RIVER PRICE MANIPULATION WARNING
According to WazzCryptoโs investigation, a massive entity has accumulated most of the $RIVER supply by withdrawing over 3 million tokens from #bitget at an average price of around 4.12 USD, totaling 22 million USD.
They used a complex chain of 9 hops across 2,418 linked addresses starting from OKX funding then moving through $BNB distribution and multi hop routing to conceal their activity.
The result was a 15x pump to a new all time high, giving the entity more than 350 million USD in profit through supply cornering and a brutal short squeeze that triggered hundreds of millions in short liquidations.
According to WazzCryptoโs investigation, a massive entity has accumulated most of the $RIVER supply by withdrawing over 3 million tokens from #bitget at an average price of around 4.12 USD, totaling 22 million USD.
They used a complex chain of 9 hops across 2,418 linked addresses starting from OKX funding then moving through $BNB distribution and multi hop routing to conceal their activity.
The result was a 15x pump to a new all time high, giving the entity more than 350 million USD in profit through supply cornering and a brutal short squeeze that triggered hundreds of millions in short liquidations.
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