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Several crypto companies including Binance, Tether, Bitfinex, OKX, and Kucoin pledged over $9 million in aid for the earthquake victims in Turkey and Syria.
If investors are found in violation of any SEC regulations regarding securities investments, they could face civil penalties or criminal prosecution from authorities.
Wash trading is a form of market manipulation where an investor trades with themselves or other investors they control in order to create a false appearance of high demand for an asset or service.