Crypto game developer Fracture Labs has filed a lawsuit against Jump Trading, alleging that the firm manipulated its DIO gaming token through a “pump and dump” scheme. The suit, submitted on October 15 in an Illinois District Court, details Fracture Labs’ claim that Jump Trading, acting as a market maker, breached its agreement to support the DIO token’s initial offering on the crypto exchange HTX (formerly Huobi) in 2021. Fracture Labs asserts that it provided Jump Trading with 10 million DIO tokens, valued at $500,000, to facilitate the token’s launch. Additionally, 6 million DIO tokens, worth approximately $300,000, were transferred to HTX.
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