Last Thursday, it was reported that the US Department of Justice will be launching a criminal investigation into alleged cryptocurrency price manipulation by a number of traders.

According to four Bloomberg sources, the DOJ will be looking into reports of illegal practices such as spoofing, or flooding the market with fake orders.

It is said that federal prosecutors are already working with the Commodity Futures Trading Commission (CFTC), but the Justice Department and the CFTC have yet to release an official statement on the matter.

Source: Reuters

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