The US government has sued three cryptocurrency companies and 15 individuals for manipulating cryptocurrency prices for illicit profits.
🏛️ Related companies: Gotbit, ZM QUANT, CLS Global.
📍 The case was filed in Boston court.
Manipulated tokens:
VZZN, NextFund AI, Saitama.
They provided illegal manipulation services, inflating prices and trading volumes while hiding profits. Investigations revealed secret text messages and calls. Saitama once made $7.5 billion by manipulating the market. CEO Manpreet Kohli was arrested along with five others. The FBI is rumored to have created NextFund AI to track down fraudsters.
#USGovernment #Saitama #FBI #Bitcoin #NextFundAI #CryptoRegulation