MyTrade Founder Fined
0,000 for Wash Trading Cryptocurrencies

2026-08-12

Liu Zhou, founder of MyTrade, has been fined

0,000 for operating bots that engaged in wash trading across 60 cryptocurrencies. The Justice Department stated Zhou admitted the bots were intended to cause losses for other market participants.

Source: Decrypt

Reported by VERA Newswire.