Market Manipulation
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Genius Group Updates on Ongoing Legal Matters
Genius Group (GNS) will host a live call on August 26, 2025, to discuss legal updates, including a market manipulation lawsuit and RICO case. GNS seeks $750M+ in the RICO case and rescission of a 2024 agreement with LZGI, demanding the return of 7.4M shares and $6.6M. A Florida court ruled against LZGI directors. Any legal proceeds will be split 50/50 between shareholders and Bitcoin purchases.
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China’s Cyberspace Administration Cracks Down on Corporate Defamation and Malicious Online Practices
China’s Cyberspace Administration (CAC) launched a two-month nationwide campaign against corporate cyber smear activities, targeting organized defamation, extortion, market manipulation, and identity theft. Part of the 2025 “Clear and Bright” initiative, the crackdown addresses fabricated claims, “pay-to-delete” schemes, false financial narratives, and executive impersonation. The move reinforces oversight of China’s $1.5 trillion digital content moderation industry, responding to rising reputational costs (up to 9% of annual revenue for firms) and may accelerate AI-driven verification tools to enhance cybersecurity.