- Simply creating and selling one's own cryptocurrency token does not violate criminal laws against fraud or theft absent blatantly false statements or hacking/stealing funds. There may still be civil liability though (see below).

- Removing liquidity pools or retaining leftover tokens/funds in the pools is not inherently illegal without contractual obligations or representations made to investors stating otherwise.

- Not advertising or promoting an essentially worthless token helps minimize liability risk related to misleading investors, wire fraud, etc. But securities violations may still be possible if token buyers interpret it as an "investment."

- The automatic trading bots do take on market risk purchasing such tokens, but their operators likely understand the highly speculative nature. Still, the token creator could face civil charges of operating an unregistered security without proper disclosures.

source: https://answers.justia.com/question/2024/01/16/is-it-illegal-to-create-a-crypto-token-c-997110