US Regulators Sue Gotbit and Other Fraudulent Crypto Firms

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The story "US Regulators Sue Gotbit and Other Fraudulent Crypto Firms" was covered 17 hours ago by TheNewsCrypto, a news publisher based in United Arab Emirates.

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TheNewsCrypto 17h ago

US Regulators Sue Gotbit and Other Fraudulent Crypto Firms - TheNewsCrypto

Quick Summary:

Securities and Exchange Commission (SEC), Federal Bureau of Investigation (FBI), and Department of Justice (DOJ) have filed lawsuits against Gotbit Consulting, ZM Quant Investment, CLS Global, and several individuals for market manipulation and fraud.

As a result, the coordinated effort seeks to safeguard the integrity of the cryptocurrency market.

Gotbit Consulting and its marketing director, Fedor Kedrov, are accused of manipulating the markets for cryptocurrencies Saitama and Robo Inu.