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You Won’t Believe the Shocking Web of Deceit Behind These 5 Crypto Schemes That Just Got Shut Down by the SEC

A  illustration of a giant robot being manipulated by puppet strings, with various cryptocurrency logos and symbols tangled around it, symbolizing the deceitful web of crypto schemes that have been shut down by the SEC.

The SEC has been busy this month – and not just because they’re trying to get some holiday cheer in their offices. It seems like every other day, another crypto scammer is getting caught red-handed by our friends at the SEC. But let’s take a look at what’s really going on here. ZM Quant Investment Ltd., Gotbit Consulting LLC, CLS Global FZC LLC – these are just some of the names popping up in recent complaints filed by the SEC. And you know what? They all have one thing in common: they’re either market makers or .

Source: bitcoin.com

In a sting operation emblematic of a John Grisham novel, the SEC charged ZM Quant Investment Ltd.—a British Virgin Islands entity—with manipulating markets and offering unregistered securities. Acting as a self-proclaimed market maker, ZM Quant used wash trading and other deceptive practices to artificially inflate the price and trading volume of its clients’ tokens. ZM Quant’s manipulative strategies included self-trading and high-frequency tactics, or “wash trading,” to create artificial market […]

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