Jump Trading Accused Of Crypto Price Manipulation In Lawsuit By FractureLabs

Quick Summary:

On Wednesday, video game developer FractureLabs filed a lawsuit against crypto market maker Jump Trading.

The lawsuit, reported by Bloomberg, accuses Jump of “fraud and deceit” in connection with the manipulation of the price of the DIO token, which is an integral part of FractureLabs’ online game Decimated.

However, the situation took a sharp turn when, according to the lawsuit, Jump began to “systematically” liquidate its holdings of the DIO token.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: Hungary

Topics: Crypto news DIO token FractureLabs DIOUSDT Cryptocurrencies Jump Trading Cryptocurrency Breaking News Ticker Jump Crypto DIO price Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 20:18:17 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 404 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23093815

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About Bitcoinist

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Official Website: bitcoinist.com

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Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

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