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The CLS Global case

Every US enforcement document on CLS Global in date order, 9 October 2024 to 17 April 2025. Steps: sentence, guilty plea, settlement, charges and SEC suit.

The enforcement ledger holds 5 US documents on CLS Global, from the Justice Department and the SEC, between 9 October 2024 and 17 April 2025. The latest on record, from the SEC on 17 April 2025: CLS Global consented to a final judgment with a $425,000 penalty over alleged wash trading of the NexFundAI crypto asset. From the first charges in the ledger, on 9 October 2024, to the latest sentence, on 2 April 2025, took 6 months.

Timeline

Date	Agency	Step	What the document says
09 Oct 2024	DOJ	Criminal charge	Eighteen individuals and entities, including market makers Gotbit, ZM Quant, CLS Global and MyTrade, charged with crypto wash trading and pump-and-dump fraud.
15 Oct 2024	SEC	Civil action	SEC sued UAE market maker CLS Global and an employee alleging they manipulated trading in the NexFundAI crypto asset.
21 Jan 2025	DOJ	Guilty plea	CLS Global agreed to plead guilty to market manipulation conspiracy and wire fraud over crypto wash trading, pending court approval.
02 Apr 2025	DOJ	Sentence	Market maker CLS Global was sentenced to pay $428,059 and three years' probation for crypto wash trading conspiracy and wire fraud.
17 Apr 2025	SEC	Settlement	CLS Global consented to a final judgment with a $425,000 penalty over alleged wash trading of the NexFundAI crypto asset.

Each row links the agency’s own document. A step announced twice, by an agency’s headquarters and a regional office, is listed once. Charges are allegations unless a plea, conviction or settlement is stated, and a later step can change the outcome.