PANews reported on April 17 that according to the announcement of the U.S. Securities and Exchange Commission (SEC), the U.S. District Court for Massachusetts has made a final judgment on the UAE entity CLS Global FZC LLC, finding that it manipulated the price of the crypto asset "NexFundAI" by creating a false active trading market and inducing retail investors to buy. CLS Global agreed to pay a fine of $425,000 and related interest, and must stop doing business with relevant individuals or entities in the United States.

As reported earlier this year, crypto market maker CLS Global pleaded guilty following a sting operation and investigation by the US FBI .