Crypto security expert ZachXBT revealed that CLS Global, a firm charged with fraud by the US Department of Justice (DOJ), approached him for a promo despite pleading guilty to fraud charges by the SEC in 2024. The firm was accused of engaging in wash trading practices, artificially inflating trading volumes to mislead investors. In an undercover operation, authorities created a fake cryptocurrency project to expose CLS Global's fraudulent tactics. CLS Global used an algorithm and multiple wallets to conduct self-trades, making it appear as though real investors were actively trading. The broader practice of artificial volume generation in the crypto market is yet to be fully uncovered, but examples like Volume.li shed light on how similar schemes operate.



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