He told potential clients he had developed an algorithm called Tenjin to monitor cryptocurrency exchanges around the world to seize on price fluctuations. “I deeply regret my actions and will spend the rest of my life atoning for what I did. His strategy, he told investors, would be to exploit the tendency of cryptocurrencies to trade at different prices at various exchanges. Virgil “experienced substantial growth as new investors flocked to the fund,” prosecutors said.Missing AssetsThe first cracks appeared last summer. “They weren’t too happy when I told them I had quit uni to do this crypto thing.

Source: The Times February 12, 2021 00:26 UTC