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Wire · regulatory

MyTrade founder fined $10K over crypto wash trading

6 August 2026 · By · Wire by Fusion42

Published

6 August 2026

Topic

regulatory

◆ Sectors

Crypto & Web3

◆ Geography

United States

◆ Source

Read at crypto.news →

◆ Verified

Fusion42 · 30 August 2026 · Fusion42 review

The founder of MyTrade was fined $10,000 for engaging in crypto wash trading, highlighting regulatory enforcement against market manipulation in the cryptocurrency sector.

This Wire brief sits within Fusion42's coverage of Crypto & Web3.

◆ ◆ The Wire takeaway

Regulators are stepping up enforcement on crypto market abuses that can undermine trust. You must tighten compliance to avoid sanctions and secure your platform's legitimacy.

◆ Coverage

1 source · 6 Aug 2026

◆ Related on Wire

◆ Topics

Crypto & Web3crypto-regulationwash-tradingmarket-manipulationenforcement