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SEC Accuses Hydrogen Of Manipulating The Price Of Its Crypto HYDRO

Juan Pais, redactor en Criptokio.com By Juan Pais Sep 29, 2022 #SEC
Hydrogen (HYDRO)

✍️ 19 December, 2023 – 20:24 👤 Editor: Jakub Motyka

  • The SEC (United States Securities and Exchange Commission) has filed charges against Hydrogen Technology Corporation.
  • They accuse Hydrogen of manipulating the price of the HYDRO cryptocurrency to make profits of more than 2 million dollars.
  • The latest news about cryptos, in our Telegram channel.

The SEC charges again against a company related to cryptocurrencies. This time it was the turn of Hydrogen Technology Corporation, a crypto company that has been accused of manipulating the price of its assets to obtain profits in the market.

Hydrogen is a crypto company focused on the Web3 world that focuses on the development of an open source and decentralized ecosystem to bring all the advantages of blockchain networks to real world use cases .

SEC Accuses Hydrogen Of Manipulating The Price Of The HYDRO Token To Earn More Than 2 Million Dollars

The SEC accuses to Hydrogen for having manipulated the price of its token, HYDRO, to obtain profits at the cost of artificially altering the value of its cryptocurrency. They assure that Hydrogen would have obtained benefits of more than 2 million dollars with the “manipulation of the volume and prices” of its HYDRO cryptocurrency.

In its brief, the United States Securities and Exchange Commissions reports that Hydrogen would have used different methods to manipulate the price of its token through airdrops, marketing campaigns and employee rewards, among others.

The accusation targets the CEO of Hydrogen, Michael Ross Kane, as well as Tyler Ostern, CEO of Moonwalkers, a marketing company that would have participated in the growth strategy of the cryptocurrency in question.

Hydrogen (HYDRO) Price Drops 4.88% With The News

After the news, the price of the cryptocurrency Hydrogen (HYDRO) today has fallen by 4.88% in the last 24 hours to 0 $0.003708, with a market capitalization of $308,669. Keep in mind, however, that this crypto has been trading down for months after suffering a spectacular drop after reaching a price of $0.0795 in the middle of last year.

The SEC, let’s remember, is involved in different crypto battles right now: from the Ripple trial to the Coinbase investigations, among many others. 2022 is being a very active year in terms of investigations of cryptocurrency companies in the United States.

More crypto news:

E-mail: juan@criptokio.com

ES: Por mi trabajo de redactor siempre he escrito para otros temas pero la verdad es que a día de hoy lo que más me apasiona es el tema de las criptos. Tengo conocimientos tanto en criptomonedas y wallets como de airdrops y exchanges.

Poseo wallet en Coinbase y Trust Wallet, y cuentas en una variada cantidad de exchanges como Satoshi Tango, Binance, Crypto, Ripio, entre otras.

EN: EN: Because of my work as an editor I have always written for other topics but the truth is that today what I am most passionate about is the topic of cryptos. I have knowledge in both cryptocurrencies and wallets as well as airdrops and exchanges.

I have a wallet in Coinbase and Trust Wallet, and accounts in a variety of exchanges such as Satoshi Tango, Binance, Crypto, Ripio, among others.
Juan Pais

🎁 Nuestro partner te regala 15€ por invertir en criptomonedas:

ℹ️ Descargo de responsabilidad: El contenido educativo de este sitio web se ofrece de buena fe y solo con fines de información general. Criptokio prioriza proporcionar información de alta calidad, tomándose el tiempo para investigar y crear contenido informativo para los lectores. Si bien los socios pueden recompensar a la empresa con comisiones por las ubicaciones en los artículos, estas comisiones no influyen en el proceso de creación de contenido imparcial, honesto y útil. Cualquier acción tomada por el lector en base a esta información es estrictamente bajo su propio riesgo.

Juan Pais, redactor en Criptokio.com

By Juan Pais

E-mail: juan@criptokio.com ES: Por mi trabajo de redactor siempre he escrito para otros temas pero la verdad es que a día de hoy lo que más me apasiona es el tema de las criptos. Tengo conocimientos tanto en criptomonedas y wallets como de airdrops y exchanges. Poseo wallet en Coinbase y Trust Wallet, y cuentas en una variada cantidad de exchanges como Satoshi Tango, Binance, Crypto, Ripio, entre otras. EN: EN: Because of my work as an editor I have always written for other topics but the truth is that today what I am most passionate about is the topic of cryptos. I have knowledge in both cryptocurrencies and wallets as well as airdrops and exchanges. I have a wallet in Coinbase and Trust Wallet, and accounts in a variety of exchanges such as Satoshi Tango, Binance, Crypto, Ripio, among others.

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