IMPORTANT: The full content of this page is available to premium users only.
Friday, January 31, 2025
Volume:
41
Issue:
2
Abstract:
CLS Global, a UAE-based cryptocurrency market maker has recently agreed to settle criminal charges that prosecutors have brought against it following a lengthy undercover sting operation by the FBI. The company was one of three that were caught in the operation last year that resulted in $25 million in seized assets.[1] Prosecutors allege that, between August 23 and September 8, 2024, CLS Global generated $595,000 worth of fake volume.[2]