美国证券交易委员会 (SEC) 指控一名所谓的做市商和两名员工，以打击操纵以证券形式发行和出售的加密资产

在一次约翰·格里沙姆小说中典型的诱骗行动中，美国证券交易委员会指控 ZM Quant Investment Ltd.（一家英属维尔京群岛实体）操纵市场并提供未经注册的证券。

The SEC has recently taken several enforcement actions against companies and individuals involved in manipulating the markets for crypto assets that are offered and sold as securities. These actions highlight the SEC’s focus on protecting investors from fraud and market misconduct in the digital asset space.

美国证券交易委员会最近对参与操纵作为证券提供和出售的加密资产市场的公司和个人采取了几项执法行动。这些行动凸显了 SEC 致力于保护投资者免受数字资产领域的欺诈和市场不当行为的影响。

In one case, the SEC charged ZM Quant Investment Ltd., a British Virgin Islands entity, and two of its employees with manipulating the markets for several crypto assets, including Saitama Inu and SaitaRealty. The SEC alleges that ZM Quant engaged in wash trading and other deceptive practices to artificially inflate the price and trading volume of its clients’ tokens.

在一个案例中，美国证券交易委员会指控英属维尔京群岛实体 ZM Quant Investment Ltd. 及其两名员工操纵多种加密资产的市场，其中包括 Saitama Inu 和 SaitaRealty。 SEC 指控 ZM Quant 从事清洗交易和其他欺骗行为，人为抬高客户代币的价格和交易量。

According to the SEC's complaint, ZM Quant was also involved in an undercover operation with NexFundAI, a fictitious crypto project created by the FBI. During the sting, ZM Quant agreed to generate artificial trading volume to boost the token’s appeal, unaware it was part of an active federal investigation.

根据 SEC 的投诉，ZM Quant 还参与了 NexFundAI（FBI 创建的虚构加密项目）的卧底行动。在诱骗期间，ZM Quant 同意产生人为交易量以提高代币的吸引力，但不知道这是正在进行的联邦调查的一部分。

The SEC’s complaint further alleges that ZM Quant’s manipulative trading practices led to extreme, unsustainable spikes in trading volume for several tokens, including Saitama Inu and SaitaRealty. In the case of SaitaReality, the trading volume increased from de minimis levels to quadrillions of individual trades and billions of dollars in daily volume within 24 hours. As a result of ZM Quant's manipulative trading, SaitaRealty saw a 412,000,000,000 percent increase in transaction quantity.

SEC 的投诉进一步指控 ZM Quant 的操纵交易行为导致包括 Saitama Inu 和 SaitaRealty 在内的多种代币交易量出现极端且不可持续的激增。以 SaitaReality 为例，交易量在 24 小时内从最低水平增加到千万亿个单笔交易和数十亿美元的日交易量。由于ZM Quant的操纵交易，SaitaRealty的交易量增加了412,000,000,000%。

The SEC's complaint seeks permanent injunctions to prevent further investor harm and outlines the ongoing threat posed by such deceptive market practices.

美国证券交易委员会的投诉寻求永久性禁令，以防止投资者受到进一步伤害，并概述了此类欺骗性市场行为所构成的持续威胁。

In another enforcement action, the SEC charged Gotbit Consulting LLC, a Belize-based entity, and its employee Vy Pham with orchestrating a market manipulation scheme involving the crypto asset “Robo Inu.” The SEC alleges that Gotbit, a self-proclaimed market maker, created a deceptive trading environment for Robo Inu, aiming to lure retail investors into buying the token by fabricating the illusion of a vibrant market.

在另一项执法行动中，美国证券交易委员会指控总部位于伯利兹的实体 Gotbit Consulting LLC 及其员工 Vy Pham 策划了涉及加密资产“Robo Inu”的市场操纵计划。 SEC 指控，自称做市商的 Gotbit 为 Robo Inu 创造了欺骗性的交易环境，旨在通过制造市场活跃的假象来吸引散户投资者购买该代币。

According to the SEC's complaint, Pham enlisted Gotbit for what can be described as “market manipulation-as-a-service.” Gotbit allegedly used wash trading to inflate the trading volume of Robo Inu, making it appear far more popular than it was. The scheme, powered by trading algorithms and bots, at times generated over $1 million in fake trading volume per day, misleading investors into believing in the asset's legitimacy and market demand.

根据 SEC 的投诉，Pham 招募 Gotbit 的目的是所谓的“市场操纵即服务”。据称，Gotbit 使用虚假交易来夸大 Robo Inu 的交易量，使其看起来比实际更受欢迎。该计划由交易算法和机器人驱动，有时每天会产生超过 100 万美元的虚假交易量，误导投资者相信该资产的合法性和市场需求。

As evidence of Gotbit's bad faith, the SEC noted that “[i]n pitching their market-manipulation services to potential clients, Gotbit employees touted their ability to pump a token’s price and volume and explained how much token offerors stood to profit from this market manipulation.”

作为 Gotbit 恶意的证据，美国证券交易委员会指出，“在向潜在客户推销其市场操纵服务时，Gotbit 员工吹捧他们推高代币价格和交易量的能力，并解释了代币发行者可以从这个市场中获利多少”操纵。”

The SEC's complaint alleges that Gotbit's market manipulation scheme ultimately deceived investors into buying Robo Inu at inflated prices, causing them to suffer losses when the scheme collapsed.

美国证券交易委员会的投诉称，Gotbit 的市场操纵计划最终欺骗投资者以虚高的价格购买 Robo Inu，导致他们在该计划失败时蒙受损失。