This is illegal... The crypto market in not a game using monopoly $. Those people were so confident they were detailing the fraud on their telegram. Now i hope they're going to have some problem with SEC.
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It is illegal in the equities and commodities markets. It is not yet illegal across the crypto world but I would be willing to place a very large bet that it will be sooner than we think. Big exchanges are already coming aboard with KYC and monitoring for PnD action. Bittrex, for example, has settled down a lot but the small exchanges and dexs..