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BTCC / BTCC Square / Global Cryptocurrency /
Genius Group Files $250 Million Lawsuit Against Citadel and Virtu for Alleged Market Manipulation

Genius Group Files $250 Million Lawsuit Against Citadel and Virtu for Alleged Market Manipulation

Author:
Global Cryptocurrency
Published:
2025-11-15 18:22:02
14
2
BTCCSquare news:

Genius Group Limited has initiated a class action lawsuit against Citadel Securities and Virtu Americas in the U.S. District Court for the Southern District of New York. The AI-powered education company accuses the market makers of manipulating its stock price through illegal trading practices, including spoofing and naked short selling.

The complaint alleges these activities occurred on 98% of trading days between April 2022 and May 2025, artificially deflating Genius Group's share price. CEO Roger James Hamilton claims multiple brokers restricted buying of Genius shares while permitting sales without justification.

The lawsuit seeks at least $250 million in damages for the company and shareholders who sold stock at allegedly manipulated prices. This action represents a significant challenge to trading practices by major financial institutions.

|Square

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