US prosecutors on Wednesday announced the first criminal charges against financial services firms operating in the cryptocurrency sector. Four companies – Gotbit, ZM Quant, CLS Global, and MyTrade – along with 14 individuals, have been accused of market manipulation and sham trading.
Federal prosecutors in Boston filed charges against the firms and their leaders and employees, which also led to arrests in several countries. Five individuals involved in the case have already agreed to plead guilty or have already done so.
