Reported about 7 hours ago
CLS Global, a cryptocurrency financial services firm, has agreed to plead guilty to U.S. charges regarding its involvement in manipulating the market for a digital token created by the FBI during a unique undercover operation called 'Operation Token Mirrors.' The firm, along with two other market makers, offered illicit trading services and engaged in wash trading to inflate the trading volume of the FBI-backed NexFundAI token. Consequently, CLS Global will face penalties including a fine and a ban on transactions with U.S. investors, while also committing to annual business practice certifications.
Source: YAHOO