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BTC $79,319.99 -0.64%
ETH $2,492.84 +0.05%
BNB $740.69 -1.14%
XRP $1.40 -1.03%
SOL $104.34 -1.21%
TRX $0.3343 -0.23%
DOGE $0.0901 +0.84%
ADA $0.2208 +0.82%
BCH $261.10 +1.81%
LINK $12.78 +3.76%
HYPE $85.19 -2.56%
AAVE $132.35 -0.27%
SUI $0.8255 +3.71%
XLM $0.1927 +5.03%
ZEC $1,159.74 -5.12%

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

2025-04-17 21:58:00

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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