Hong Kong-based cryptocurrency exchange Bitzlato is accused of carrying out over $700 million worth of illegal transactions, according to a US Department of Justice statement.
The price of bitcoin fell from a four-month high of around $21,550 to around $20,600, while the price of ether fell from $1,700 to $1,500.. Statistics provided by CoinGlass show that more than $106 million worth of Bitcoin and Ethereum futures bets have been liquidated over the past 24 hours, representing more than 76% of all futures transactions.
In the middle of the day on Friday, January 20, the value of crypto assets began to gradually recover. Bitcoin is estimated at around $20,940, up 0.8% over the past 24 hours, Ethereum — $1,550, up 1.5%.
New York University professor Nouriel Roubini, during his speech at the World Economic Forum in Davos, called the cryptocurrency industry a criminal activity, and 99% of crypto assets are fraud and pyramid schemes.