SEC, FBI, DOJ File Lawsuits Against Crypto Firms for Fraud and Market Manipulation

According to Foresight News, the U.S. Securities and Exchange Commission (SEC), Federal Bureau of Investigation (FBI), and Department of Justice (DOJ) have jointly filed lawsuits against several cryptocurrency companies, including Gotbit Consulting, ZM Quant Investment, and CLS Global. The lawsuits allege fraud and market manipulation activities involving these firms. Additionally, two lawsuits have been filed against individuals connected to these cases. Legal documents reveal that the lawsuits pertain to market manipulation and various crimes related to cryptocurrencies such as Saitama, Robo Inu, and NexFundAI. A total of nine individuals have been indicted, with some defendants agreeing to separate settlements.