Coinbase fined by CFTC for Running Their own Willybot
If you thought Mt. Gox was the only one that ran it's own trading Bot, you'd be interested to know that Coinbase did the same thing. They were caught and fined for wash trading to boost perceived crypto currency volume/liquidity levels over a 3 year period.
Interestingly, an "employee" also manipulated Litecoin trading. Any guesses that was SatoshiLite (Charlie Lee)?
Manipulation runs deep. In before you say it runs deep in the stock market too. It does!
submitted by /u/bannercoin