The US Department of Justice has charged five individuals for conspiring to manipulate the market in relation to an alleged scheme involving the Hydro (HYDRO) token. The charges include conspiracy to commit securities price manipulation and wire fraud, with potential penalties ranging from five years to 20 years in prison. The alleged manipulation of the Hydro token price resulted in the co-conspirators making an approximate total of $2 million in ill-gotten profits. In addition, Hydrogen Technology Corporation and former CEO Michael Ross Kane were ordered to pay $2.8 million in remedies and civil penalties in a separate case brought by the Securities and Exchange Commission. (Read More)
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