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FX traders accused of rigging the WM/Reuters rates in order to front-run clients for profit.
Libor and similar benchmarks unsustainable in the long run,' CFTC head says.
Benchmark rate ignored the crisis in Cyprus, with just four out of 18 banks showing increase in dollar borrowing cost.
Misconduct deemed 'more serious than Barclays'; damning e-mails released.
Manipulation flourished for years, even after bank supervisors were notified.
Former Citigroup trader among those arrested.