“The Federal Court in Boston fined the CLS Global Market maker from the UAE at $ 428 059 and forbade to work in the United States for three years. The sentence was issued on criminal charges related to fraudulent manipulation of cryptocurrency trade. On January 21, CLS Global pleaded guilty in fictitious agreements. The accusations were made in the framework of the FBI operation of the implementation of the Ethereum Si-Dawn-based, called NextFundai (NEXF). It was used to “discover, stop and attract […]”, – WRITE: Businessua.com.ua
The Federal Court in Boston fined the CLS Global Market maker from the UAE at $ 428 059 and forbade to work in the United States for three years.
The sentence was made for criminal charges related to fraudulent manipulation of cryptocurrency trade.
On January 21, CLS Global pleaded guilty in fictitious agreements. The accusations were put forward as part of the operation FBI From the introduction of the Ethereum SI-Dokoen-based SH-Tawn called NextFundai (NEXF).
It was used to “identify, cease and hold out of probable fraudsters.”
CLS Global got into the trick and agreed to provide “Market maker” for NEXF, including a fraudulent scheme to attract investors in the purchase of token.
In October 2024, the FBI charged 18 persons and organizations in this case, including the heads of CLS Global, Gotbit, ZM Quant, Mytrad and other projects.
At the same time, the US Securities and Exchange Commission (SEC) made additional accusations against CLS Global and an employee of the firm Andrew Zhages.
SEC has initiated considerations against the other two participants in the Hong Kong Quant Investment and the Russian GotbitCit Consulting.
At the time of writing CLS Global, it continues to work and has more than 110,000 subscribers in X.
Source: X-account of CLS Global.
We will remind, the technical director of the Defi prosect of Safemoon Thomas Smith pleaded guilty on two points of prosecution in the framework of the Cryptoshhrai case of $ 200 million.
The gun
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