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I'm not as plugged in to the news as I used to be!

In a nutshell: After inventing a billion Digitex tokens out of thin air and convincing people that they were worth $0.01 each Adam Todd & Co were able to sell $7 million dollars worth (keeping $3 million "worth" for himself). When the tokens never really took off after that he employed bots to - you guessed it - manipulate the market (see chart in previous post).

Surprise! People get ripped off again. Kudos to the CFTC for throwing the book at this crook.

Digitex and Adam Todd hit with $15M fine for illegal crypto exchange activity - FX News Group