SEC charges crypto market maker in a pump-and-dump of a worthless token

The worthless token in question is HYDRO of Hydro Protocol, which was supposed to grant holders access to the platform to build apps and businesses on Ethereum blockchain. 

HYDRO was a classic pump-and-dump scheme, where the market maker called Moonwalker was manipulating the market by using a “bot” to submit buy & sell orders into the order-books on the…