CLS Global banned from participating in the US cryptocurrency market for 3 years and fined $428000 for false trading

Odaily Planet Daily News: After the FBI's entrapment operation, CLS Global, a market maker based in the United Arab Emirates, has admitted to allegations of market manipulation and telecom fraud. The company has been ordered to pay a total of $428059 in fines in the form of seized cryptocurrency and fines, and is not allowed to participate in the US cryptocurrency market for three years. （Decrypt）