Scan to download
BTC $77,008.46 -1.89%
ETH $2,293.46 -2.99%
BNB $624.59 -1.87%
XRP $1.40 -2.20%
SOL $84.54 -2.38%
TRX $0.3256 +0.63%
DOGE $0.0985 -0.57%
ADA $0.2463 -2.15%
BCH $448.53 -1.38%
LINK $9.25 -2.40%
HYPE $41.49 -1.28%
AAVE $97.04 +0.92%
SUI $0.9276 -1.99%
XLM $0.1650 -3.45%
ZEC $353.78 -0.48%
BTC $77,008.46 -1.89%
ETH $2,293.46 -2.99%
BNB $624.59 -1.87%
XRP $1.40 -2.20%
SOL $84.54 -2.38%
TRX $0.3256 +0.63%
DOGE $0.0985 -0.57%
ADA $0.2463 -2.15%
BCH $448.53 -1.38%
LINK $9.25 -2.40%
HYPE $41.49 -1.28%
AAVE $97.04 +0.92%
SUI $0.9276 -1.99%
XLM $0.1650 -3.45%
ZEC $353.78 -0.48%

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.

app_icon
ChainCatcher Building the Web3 world with innovations.