Canada’s Ontario Securities Commission officially accuses Coinsquare of market manipulation.
Canadian regulator Ontario Securities Commission (OSC) has accused embattled exchange Coinsquare of market manipulation and misleading clients about trading volumes.
The OSC alleged Coinsquare, which has been accused of wash-trading and reports of a hack, had “engaged in conduct contrary to Ontario security laws.” The regulator also named founder Virgile Rostand, CEO Cole Diamond and chief compliance officer Felix Mazer as respondents.
A hearing regarding the case will be held on July 21.
In its complaint, the OSC said Diamond directed Rostand to inflate trading numbers in March 2018.