CryptoBearishcrypto.news · Apr 107/10
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Gotbit’s fake trades haunt Cere as $157m suits hit Lime chair
Federal RICO suits allege that Lime chair Brad Bao facilitated wash-trading schemes through Gotbit that enabled Cere Network insiders to dump $41.78m in CERE tokens while artificially inflating trading volume, resulting in a 99.8% price collapse for retail investors. Prosecutors have pursued the crypto wash-trading ring for years, with this case highlighting systemic abuse in token projects.
