MyTrade Founder Sentenced: $10,000 Fine for Faking Crypto Volume
Liu Zhou, 41, founder of crypto market maker MyTrade, was sentenced Thursday in Boston federal court by Judge Angel Kelley. Fine: $10,000. Prison: none.
His business? A dashboard called "Volume Support" where projects bought fake volume. Bots bought and sold the same token in the same second, across ~60 cryptocurrencies, millions of dollars daily.
Caught by an FBI sting using a fake token, NexFundAI. He was charged in October 20...
$ETH is retesting a key supply zone where the latest recovery is beginning to fade.
Trading Plan Short $ETH
Entry: 1,877 - 1,915
SL: 1,980
TP1: 1,850
TP2: 1,820
TP3: 1,780
The latest rebound has pushed price into a resistance area where sellers are starting to absorb demand. Buyers are struggling to extend the recovery above this zone, leaving liquidity below the recent structure exposed. If supply continues to hold, the next rotation could sweep lower levels before another reaction.
trade $...