KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
FractureLabs , a video-game developer, has filed a lawsuit against Jump Trading , one of the largest cryptocurrency market makers, accusing the firm of fraud and manipulation during the initial offering of its DIO token . According to the lawsuit, filed in US Federal Court in Chicago , Jump allegedly engaged in a "pump and dump" scheme that caused the token's price to collapse. FractureLabs had planned to raise funds through the DIO token for its Decimated online game , retaining Jump as the market maker. As part of the agreement, FractureLabs loaned 10 million DIO tokens to a Jump subsidiary, while an additional 6 million DIO tokens were sent to the Huobi exchange (now HTX) for the token offering. The token’s price briefly surged to $0.98 , making Jump’s borrowed tokens worth nearly $9.8 million . However, the lawsuit claims that Jump liquidated its holdings , profiting millions while causing the token’s value to plummet to half a cent. After repurchasing the token...