US government charges notable crypto companies, individuals for market manipulation and fraud
- The US government charged three crypto companies and 15 individuals for crimes of market manipulation of several cryptocurrencies.
- Defendants include crypto companies Gotbit, ZM QUANT, CLS Global, MyTrade, and their employees and accomplices.
- The FBI allegedly created their token named The NextFund AI token to get hold of the bad actors.
The US government took legal action against three crypto firms and 15 individuals on Wednesday for market manipulation and fraud, including artificially inflating cryptocurrency prices to make profits.
US government charges Gotbit, ZM Quant and CLS Global and founders for market manipulation
US prosecutors charged three cryptocurrency firms, including Gotbit, ZM QUANT, and…
