CLS Global Faces Charges of Market Manipulation and Wire Fraud

The U.S. Federal Bureau of Investigation has initiated legal action against CLS Global, a UAE-based market maker, accusing the company of market manipulation and wire fraud. Following a sting operation by the FBI, CLS Global faces a significant financial penalty: a total of $428,059 in fines, which includes the seizure of cryptocurrency assets. The company has also been barred from participating in the U.S. cryptocurrency market for three years as per court orders.