The U.S. Securities and Exchange Commission (SEC) has charged multiple entities and individuals for market manipulation and offering unregistered securities related to various cryptocurrencies. ZM Quant Investment Ltd., Gotbit Consulting LLC, and CLS Global FZC LLC were accused of using deceptive practices, including wash trading, to artificially increase trading volume and manipulate token prices. The SEC also charged individuals involved in promoting Saitama Inu, SaitaRealty, NexFundAI, Robo Inu, and Cumberland DRW LLC, alleging fraud, market manipulation, and operating as an unregistered dealer. The court imposed penalties and injunctions against Rari Capital and its co-founders for violating securities laws in operating crypto investment funds.



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