Video game developer FractureLabs has filed a lawsuit against cryptocurrency market maker Jump Trading, accusing the company of “fraud and deception” by manipulating the price of tokens used in online games. FractureLabs alleges that Jump Trading manipulated the price of its DIO tokens, used in its online game Decimated and traded on crypto markets, causing the price to drop to approximately 0.5 cents.
The company then repurchased the heavily discounted tokens, worth approximately $53,000 at the time, returned them to FractureLabs, and canceled its agreement as the token market maker.
