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BTC $64,704.47 +1.50%
ETH $1,914.57 +0.91%
BNB $592.21 +4.23%
XRP $1.08 +1.79%
SOL $74.42 +1.62%
TRX $0.3287 +0.85%
DOGE $0.0704 +0.38%
ADA $0.1706 +4.51%
BCH $219.49 +4.24%
LINK $8.44 +2.09%
HYPE $54.75 -0.15%
AAVE $99.69 +0.92%
SUI $0.6996 +2.48%
XLM $0.1723 +0.43%
ZEC $471.41 +1.60%

SEC: Cryptocurrency market maker CLS Global FZC has acknowledged violations of securities laws

2025-04-17 21:58:00
Collection

According to ChainCatcher news, the U.S. Securities and Exchange Commission (SEC) announced that the Massachusetts District Court has made a final ruling against CLS Global FZC LLC, a UAE company claiming to be a cryptocurrency market maker, finding it in violation of securities laws.
The SEC accused CLS Global of participating in a scheme to manipulate the "NexFundAI" market, issuing and selling the cryptocurrency as a security to retail investors, and inducing investors to purchase by creating the illusion of active trading. CLS Global agreed to the judgment and is required to pay a civil penalty of $425,000, a disgorgement of $3,000, and pre-judgment interest of $80.39.

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