Cointelegraph - Fracture Labs is suing Jump Crypto for allegedly orchestrating a pump-and-dump scheme with its in-game currency, DIO, resulting in significant financial losses and highlighting the need for vigilance in crypto markets

https://cointelegraph.com/news/game-developer-jump-crypto-pump-and-dump

Fracture Labs has filed a lawsuit against Jump Crypto, accusing it of manipulating the price of its in-game currency, DIO, through a pump-and-dump scheme, causing significant financial harm.

The company claims that Jump Crypto's actions led to the loss of $1.38 million held in an account at HTX, a crypto exchange, which has refused to return the funds.

This case highlights the importance of vigilance in crypto markets, as manipulation by market makers can result in severe financial losses for developers and investors.