SEC Sting Bars UAE Crypto Market Maker CLS Global for 98% Wash Trades, $425K Fine
Key Takeaways: The SEC’s victory against CLS Global demonstrates that U.S. regulators can successfully prosecute foreign firms for market manipulation, even when the activity occurs on decentralized platforms like Uniswap. The case’s undercover “trap token” operation, orchestrated by the FBI, is part of a new era of sophisticated enforcement tools targeting wash trading and deceptive […]
SEC Sting Bars UAE Crypto Market Maker CLS Global for 98% Wash Trades, $425K Fine Read More »