According to BlockBeats, on October 10, the U.S. Securities and Exchange Commission (SEC), the Federal Bureau of Investigation (FBI), and the Department of Justice (DOJ) jointly filed a lawsuit against four crypto companies suspected of fraud and market manipulation on October 9, including Gotbit Consulting, ZM Quant Investment, and CLS Global. The charges involved self-trading market manipulation and multiple crimes related to the cryptocurrencies Saitama, Robo Inu, and NexFundAI. A total of nine individuals were prosecuted, and some defendants agreed to separate settlements.
The investigation revealed that Gotbit and its marketing director created market interest for these crypto projects through fake transactions. The persons involved in this case are located in multiple countries, including the United States, Russia, and India, reflecting the complexity and breadth of the case.