Spoofing
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X @vitalik.eth
vitalik.eth· 2025-11-23 21:54
Prediction about this "show which country the account is from" thing:In the short term it will have lots of positive effects.In the medium term, the sophisticated actors will find ways to pretend to be from countries that they are not. Lots of ways to rent individual people's passports, phone numbers, IP addresses, etc. Getting a million accounts with fake location will be medium-hard, getting a single account with fake location, and then getting it to a million followers, will be easy.In six months, the ac ...
Genius Group files Federal Securities Class Action Lawsuit against Citadel Securities and Virtu Financial for Alleged Market Manipulation.
Globenewswire· 2025-11-14 22:30
Core Viewpoint - Genius Group Limited has filed a Class Action Complaint against Citadel Securities LLC and Virtu Americas LLC, alleging a long-running market manipulation scheme involving spoofing and naked short selling of its shares, violating multiple sections of the Securities Exchange Act of 1934 [1][2][3]. Group 1: Allegations and Legal Actions - The lawsuit claims that the defendants engaged in a manipulative trading scheme for at least three years, from April 12, 2022, to May 30, 2025, involving thousands of spoofing trades that created a false impression of excess supply and volatility in Genius Group stock [3][7]. - Genius Group is seeking at least $250 million in damages due to the alleged market manipulation that led to artificially deflated stock prices [3][4]. - The company aims to recover losses not only for itself but also for all shareholders who sold stock at these manipulated prices, and it will request to be appointed as the "lead plaintiff" in the class action [6][8]. Group 2: Impact on Shareholders - The complaint emphasizes the commitment of Genius Group to protect shareholder interests and to expose unfair trading practices that have affected investors [4][5]. - The CEO of Genius Group highlighted the ongoing challenges faced by shareholders, including brokers restricting buying options while allowing selling, which further complicates the situation for investors [5][6]. Group 3: Company Overview - Genius Group is an AI-powered, Bitcoin-first education group serving 6 million users across over 100 countries, providing AI training and solutions tailored for individuals, enterprises, and governments [9].
Did JPMorgan 'Fix' Silver Prices? The Truth Behind The Conspiracy - iShares Silver Trust (ARCA:SLV)
Benzinga· 2025-10-14 23:20
Core Viewpoint - The controversy surrounding JPMorgan Chase & Co.'s alleged manipulation of silver prices has intensified as silver reaches new all-time highs, but the reality is more complex than the conspiracy theories suggest [1][2]. Market Manipulation - Between 2008 and 2016, JPMorgan traders engaged in illegal market manipulation involving precious metals, including silver, through a practice known as "spoofing" [3][4]. - Spoofing involved placing large orders for metals futures that were not intended to be executed, creating false impressions of demand or supply to influence market prices for short-term profit [5][6]. - This manipulation was not a coordinated effort to fix silver prices but rather a series of deceptive trades aimed at momentary price movements [6][10]. Regulatory Actions - In 2020, JPMorgan admitted to wire fraud related to unlawful trading in precious metals and U.S. Treasury futures, resulting in nearly $1 billion in fines [7]. - Regulatory bodies, including the DOJ, SEC, and CFTC, found that while JPMorgan's spoofing activities distorted markets, they did not conclude that the bank systematically set or maintained a specific silver price over time [6][10]. Conspiracy Theories - The rise of conspiracy theories about JPMorgan's control over silver prices stems from public distrust of major banks following the 2008 financial crisis, particularly within communities like r/WallStreetBets and r/Silverbugs [8][9]. - These theories gained traction during periods when silver prices stagnated despite inflationary concerns or increased retail buying, leading to misconceptions about the bank's intentions [9][10]. Silver Market Performance - Silver prices surged in October 2023, reaching new all-time highs above $51 per ounce, surpassing previous records from January 1980 and 2011 [11]. - The rally in silver has attracted significant attention towards silver-related equities and ETFs, such as the iShares Silver Trust (NYSE:SLV) and the Global X Silver Miners ETF (NYSE:SIL) [11][12].
Did JPMorgan 'Fix' Silver Prices? The Truth Behind WallStreetBets Conspiracy
Benzinga· 2025-10-14 23:20
Core Viewpoint - The controversy surrounding JPMorgan Chase & Co.'s alleged manipulation of silver prices has intensified as silver reaches new all-time highs, but the reality is more complex than the conspiracy theories suggest [1][2]. Group 1: Market Manipulation Allegations - Between 2008 and 2016, JPMorgan traders engaged in illegal market manipulation involving precious metals, including silver, through a practice known as "spoofing" [3][4]. - Spoofing involved placing large orders for metals futures that were not intended to be executed, creating false impressions of demand or supply to influence market prices for short-term profit [5][6]. - Regulators found that while these activities distorted markets, they did not conclude that JPMorgan systematically fixed silver prices over time [6][10]. Group 2: Legal Consequences - In 2020, JPMorgan admitted to committing wire fraud related to unlawful trading in precious metals and U.S. Treasury futures, resulting in nearly $1 billion in fines to settle investigations [7][10]. - Several traders from the bank were sentenced to prison for their involvement in the spoofing scheme, highlighting the seriousness with which regulators treated the misconduct [5][10]. Group 3: Public Perception and Conspiracy Theories - The gap between legal realities and online conspiracy theories stems from public distrust of major banks following the 2008 financial crisis, with communities interpreting JPMorgan's large silver position and fines as evidence of a broader plot [8][9]. - The notion that JPMorgan systematically suppressed silver prices is largely viewed as a myth rooted in mistrust rather than factual evidence [10]. Group 4: Silver Market Performance - Silver prices surged in October 2023, reaching new all-time highs above $51 per ounce, surpassing previous records from January 1980 and 2011 [11]. - The rally in silver has drawn significant attention to silver-related equities and ETFs, such as the iShares Silver Trust (NYSE:SLV) and the Global X Silver Miners ETF (NYSE:SIL) [11][12].
X @Bloomberg
Bloomberg· 2025-07-02 01:08
Nomura fired one of its elite bond traders after accusing him of spoofing, leaving him working alone in a smoky cafe in Tokyo.So he decided to use what he calls “toilet graffiti” to tell the world his side of the story https://t.co/ez2NSlYG6C📷: Takaaki Iwabu/Bloomberg https://t.co/vK1CKROAWq ...
X @Bloomberg
Bloomberg· 2025-07-01 22:05
Nomura fired one of its elite bond traders after accusing him of spoofing, leaving him working alone in a smoky cafe in Tokyo. So he decided to use what he calls “toilet graffiti” to tell the world his side of the story. https://t.co/PbpIo5gk1v ...
In a Landmark Decision, Mullen Defeats Defendants’ Motion to Dismiss in Its Entirety, Allowing the Federal Spoofing Lawsuit to Combat Artificially Deflated Stock Prices to Proceed
Globenewswire· 2025-03-31 13:00
Core Viewpoint - Mullen Automotive Inc. has achieved a significant legal victory as a federal judge denied the motion to dismiss a lawsuit against IMC, Clear Street, and UBS, allowing the case to proceed into full discovery [1][4]. Group 1: Legal Proceedings - The lawsuit, filed in the United States District Court for the Southern District of New York, alleges that between November 5, 2021, and November 15, 2023, the defendants engaged in high-frequency algorithmic trading to manipulate Mullen's stock, violating multiple sections of the Securities Exchange Act of 1934 [2]. - The court found that Mullen had adequately identified actions that differentiated the defendants from typical market participants, noting the high volume of sell orders that were canceled and the subsequent purchase of shares at depressed prices [4]. - The lead lawyer for the plaintiffs expressed optimism about commencing discovery to reveal the defendants' manipulative trading practices that have harmed Mullen and its shareholders [5]. Group 2: Company Overview - Mullen Automotive is an electric vehicle manufacturer based in Southern California, with two vehicle plants located in Tunica, Mississippi, and Mishawaka, Indiana [7]. - The company began commercial vehicle production in Tunica in August 2023, with its Mullen ONE and Mullen THREE models certified for sale in the U.S. as of January 2024 [7]. - Mullen's commercial dealer network consists of seven dealers across key markets in the U.S., enhancing its sales and service coverage [8].