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BTC $79,098.72 -2.53%
ETH $2,229.00 -2.07%
BNB $670.36 -1.41%
XRP $1.44 -3.35%
SOL $89.20 -2.79%
TRX $0.3520 -0.17%
DOGE $0.1126 -3.00%
ADA $0.2617 -3.30%
BCH $425.46 -2.35%
LINK $10.07 -3.56%
HYPE $43.48 -5.78%
AAVE $92.69 -5.42%
SUI $1.09 -7.69%
XLM $0.1548 -4.39%
ZEC $513.41 -6.27%

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

2025-04-17 21:58:00
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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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