Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
 announced that the SEC has filed lawsuits against three entities: ZM Quant Investment, Gotbit Consulting (Gotbit Hedge Fund), and CLS Global FZC, accusing them of impersonating “market makers” and manipulating various cryptocurrency markets through wash trading and other methods to mislead retail investors.
The SEC pointed out that these entities and nine related individuals used algorithms to execute spoofing trades, creating false trading volume and liquidity illusions to induce investors to buy related assets based on false signals. The case has been filed in the Federal Court of Massachusetts, with the SEC seeking permanent injunctions, disgorgement of ill-gotten gains, civil penalties, and bans on executive roles.
The investigation also involved a fake token enforcement operation created by the FBI to reveal related manipulation techniques. The SEC stated that it will continue to strengthen regulatory enforcement against fraud and manipulation in the cryptocurrency markets. (financefeeds)