MyTrade Founder Fined $10,000 for Wash Trading Cryptocurrencies

2026-08-12

Liu Zhou, founder of MyTrade, has been fined $10,000 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.