DOJ opens criminal probe into bitcoin price manipulations

9:29 AM ET Thu, 24 May 2018

The U.S. Department of Justice opened a criminal probe into the possibility that traders are manipulating the price of bitcoin and other cryptocurrencies, according to a report from Bloomberg. The investigation surrounds the practice of spoofing — where an investor places orders that are intended to manipulate the price of an instrument — and flooding the market with fake orders, the report said Thursday, citing four unnamed people familiar with the probe.