
PANews reported on April 17 that according to the U.S. Securities and Exchange Commission (SEC) announcement, the local court in Massachusetts has issued a final judgment against the UAE entity CLS Global FZC LLC, finding that it manipulated the price of the crypto asset "NexFundAI" by creating false active trading markets, inducing retail investors to buy in. CLS Global agreed to pay a fine of $425,000 and related interest, and must cease doing business with relevant individuals or entities in the United States.
Earlier this year, it was reported that the crypto market maker CLS Global pleaded guilty after a sting operation and investigation by the U.S. FBI.



