Odaily News On Wednesday, federal prosecutors in Boston, the United States, sued four crypto companies and 14 people, accusing Gotbit, ZM Quant, CLS Global and MyTrade and their leaders and employees, which also involved some international arrests. Prosecutors said Wednesday's action marked the "first criminal prosecution of a financial services company" related to market manipulation and false trading in the crypto industry. According to a statement released by the U.S. Attorney's Office for the District of Massachusetts, the four defendants agreed to plead guilty and more than $25 million in cryptocurrency has been seized. Prosecutors said the crypto companies also hired market makers to "launder their tokens in exchange for compensation," and these market makers are allegedly ZM Quant, Gotbit, CLS Global and MyTrade. In addition, the Federal Bureau of Investigation (FBI), which is involved in the investigation, created its own cryptocurrency NexFundAI to detect misconduct. The U.S. SEC filed a civil lawsuit against ZM Quant, Gotbit and CLS Global and nine people on Wednesday. (The Block)