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BTC $68,591.53 -3.14%
ETH $1,974.46 -5.78%
BNB $613.89 -4.03%
XRP $1.46 -8.47%
SOL $85.30 -5.14%
TRX $0.2797 -0.79%
DOGE $0.1021 -12.11%
ADA $0.2804 -6.58%
BCH $559.42 -0.70%
LINK $8.77 -4.50%
HYPE $29.79 -5.06%
AAVE $126.81 -3.14%
SUI $0.9647 -7.23%
XLM $0.1685 -6.53%
ZEC $283.36 -9.53%

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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