Wednesday, February 25, 2026
  • About Web3Wire
  • Web3Wire NFTs
  • .w3w TLD
  • $W3W Token
  • Web3Wire DAO
  • Media Network
  • RSS Feed
  • Contact Us
Web3Wire
No Result
View All Result
  • Home
  • Web3
    • Latest
    • AI
    • Business
    • Blockchain
    • Cryptocurrencies
    • Decentralized Finance
    • Metaverse
    • Non-Fungible Token
    • Press Release
  • Technology
    • Consumer Tech
    • Digital Fashion
    • Editor’s Choice
    • Guides
    • Stories
  • Coins
    • Top 10 Coins
    • Top 50 Coins
    • Top 100 Coins
    • All Coins
  • Exchanges
    • Top 10 Crypto Exchanges
    • Top 50 Crypto Exchanges
    • Top 100 Crypto Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks
  • Events
  • News
    • Latest Crypto News
    • Latest DeFi News
    • Latest Web3 News
  • Home
  • Web3
    • Latest
    • AI
    • Business
    • Blockchain
    • Cryptocurrencies
    • Decentralized Finance
    • Metaverse
    • Non-Fungible Token
    • Press Release
  • Technology
    • Consumer Tech
    • Digital Fashion
    • Editor’s Choice
    • Guides
    • Stories
  • Coins
    • Top 10 Coins
    • Top 50 Coins
    • Top 100 Coins
    • All Coins
  • Exchanges
    • Top 10 Crypto Exchanges
    • Top 50 Crypto Exchanges
    • Top 100 Crypto Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks
  • Events
  • News
    • Latest Crypto News
    • Latest DeFi News
    • Latest Web3 News
No Result
View All Result
Web3Wire
No Result
View All Result
Home Artificial Intelligence

Genius Group files Federal Securities Class Action Lawsuit against Citadel Securities and Virtu Financial for Alleged Market Manipulation.

November 15, 2025
in Artificial Intelligence, GlobeNewswire, Web3
Reading Time: 7 mins read
5
SHARES
248
VIEWS
Share on TwitterShare on LinkedInShare on Facebook

SINGAPORE, Nov. 14, 2025 (GLOBE NEWSWIRE) — Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading AI-powered, Bitcoin-first education group, today announced it has filed a Class Action Complaint in the United States District Court for the Southern District of New York alleging that Citadel Securities LLC, and Virtu Americas LLC (the “Defendants”) engaged in a long-running market manipulation scheme that includes spoofing and naked short selling of the Company’s shares and related acts in violation of Section 10(b), Sections 9(a)(2) and 9(e) and Section 20(a) of the Securities Exchange Act of 1934.

The Company believes the lawsuit sets a number of precedents with regards to the protection of shareholder interests and the Company. As such, the Company is taking action to recover damages caused due to alleged market manipulation:

  • This lawsuit is a Class Action Complaint filed on behalf of the Company and ALL of its investors who sold Genius Group stock at artificially deflated prices as a result of Defendants’ alleged abuses.
  • Pursuing a class action will help the Company facilitate a recovery not just for Genius Group’s losses, but for all its harmed shareholders as well.
  • The Company will ask the Court to appoint it “lead plaintiff” in the class action, so that the Company can effectively manage the litigation and diligently work to protect its shareholders’ interests.

The class action complaint filed today that Defendants engaged in longstanding and widespread manipulative trading scheme centered on repeatedly “spoofing” Genius Group stock. “Spoofing” is a manipulative and illegal trading practice that involves submitting and then cancelling buy or sell orders without any genuine intent to execute them. The purpose of these “baiting orders” is to mislead other market participants about the level of supply and/or demand for a security, or about the degree of price volatility associated with a security, and thereby influence market prices for that security.

The complaint alleges that for a period of at least three years – between April 12, 2022 and May 30, 2025 (the “Class Period”) – Defendants repeatedly entered thousands of spoofing trades designed to create the false impression that there was both excess supply and excess volatility in Genius stock. The Company has confirmed that the lawsuit seeks at least the previously reported no less than $250 million in damages.

These manipulative orders were calculated to (and successfully did) deceive or induce other investors to sell their holdings at artificially deflated prices. In particular, the complaint alleges:

  • On 98% of all trading days during the Class Period, Defendants repeatedly entered spoofing trades designed to manipulate the price of Genius stock. Defendants entered dozens – sometimes thousands – of such trades on a given trading day, canceling them within milliseconds of placement.
  • Defendants repeatedly built massive short positions through off-exchange trading over a few trading days, and then bombarded the market with spoofing trades (baiting orders canceled within 100 milliseconds of placement) causing significant declines in the price of Genius Group stock.
  • Less than a minute after these baiting orders were placed, Defendants sold significant volumes of Genius stock short through off-exchange trading.
  • Defendants also engaged in significant naked short-selling, i.e., improper short sales that are unsupported by existing market inventory. Indeed, major declines in Genius Group stock were also accompanied by large spikes in evidence of such activity.

In filing this class action, Genius Group is demonstrating its commitment to its shareholders and the Company intends to work diligently to protect their interests.

Roger James Hamilton, CEO of Genius Group, said “We have been consistent in calling for fair markets and taking actions to protect our shareholders. The filing of this lawsuit is an important milestone for the company in what has been a long, multi-year fight to protect the company and its shareholders and expose unfair and illegal practices that our investors have dealt with.”

“Even today, multiple brokers have taken away the buy button on Genius shares while leaving the sell button, making it hard to buy but easy to sell our stock without providing adequate explanation as to why they are choosing to target our company. We give notice to any and all bad actors seeking to profit at the expense of our shareholders that we will continue to take forceful, proactive action to defend our company.”

The Company and its legal team will continue to provide updates to its shareholders on this case as appropriate. The Company also reminds shareholders of the record date of November 28, 2025 to transfer shares via the Direct Registration System (DRS) to book entry with the Company’s transfer agent, VStock in order to benefit from the Bitcoin Loyalty Payment program, designed to reduce the number of Company shares available to short sellers. Full details of the program can be found here.

About Genius Group

Genius Group (NYSE: GNS) is a Bitcoin-first business delivering AI powered, education and acceleration solutions for the future of work. Genius Group serves 6 million users in over 100 countries through its Genius City model and online digital marketplace of AI training, AI tools and AI talent. It provides personalized, entrepreneurial AI pathways combining human talent with AI skills and AI solutions at the individual, enterprise and government level. To learn more, please visit https://www.geniusgroup.ai/

Forward-Looking Statements 

Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as “may,” “will”, “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company’s Annual Reports on Form 20-F, as may be supplemented or amended by the Company’s Reports of a Foreign Private Issuer on Form 6-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise. No information in this press release should be construed as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

Contacts

For enquiries, contact investor@geniusgroup.ai

About Web3Wire
Web3Wire – Information, news, press releases, events and research articles about Web3, Metaverse, Blockchain, Artificial Intelligence, Cryptocurrencies, Decentralized Finance, NFTs and Gaming.
Visit Web3Wire for Web3 News and Events, Block3Wire for the latest Blockchain news and Meta3Wire to stay updated with Metaverse News.

ShareTweet1ShareSendShare2
Previous Post

Waldencast plc strengthens balance sheet position with the announcement of a trademark sale for Japan and refinancing of its credit facilities

Next Post

D-AI and Public Investment Fund Sign Multi-Year MoU to Develop Sovereign National Data Infrastructure in Saudi Arabia

Related Posts

Akeana Partners with Axiomise for Formal Verification of Its Cores

Verifying super-scalar cores with formal guarantees LONDON, UK / ACCESS Newswire / February 24, 2026 / Akeana, a leading provider of RISC-V IP, today confirmed that its partnership with Axiomise has been crucial for formally verifying its advanced super-scalar RISC-V test chip Alpine. The collaboration ensures that both functional and...

Read moreDetails

Mission Control AI Launches Swarm: the Only Synthetic Workers for Critical Industries

First Platform to Deploy Autonomous Labor in Fortune 500 Companies, National Security, and Other Environments Where Security, Governance, and Trust are Non-Negotiable After a Year in Limited Release, Mission Control Opens Its Swarm Service to All Industries SAN FRANCISCO, CA / ACCESS Newswire / February 24, 2026 / Mission Control...

Read moreDetails

Green Crypto-Mining Market is Booming Worldwide | Major Giants Terawulf, Bitmain, CleanSpark

Green Crypto-Mining Market HTF MI Research's most recent report of the global Green Crypto-Mining Market examines market size, trends, and projections through 2033. The Green Crypto-Mining Market study includes extensive research data and proofs to provide managers, analysts, industry experts, and other key personnel with an easy-to-access, self-analyzed study to...

Read moreDetails

Intelligent Typesetting Service Platform Market is Going to Boom | Major Giants Canva, Figma, Ceros

The latest analysis of the worldwide Intelligent Typesetting Service Platform market by HTF MI Research evaluates the market's size, trends, and forecasts through 2033. Intelligent Typesetting Service Platform market study includes extensive research data and proofs to give managers, analysts, industry experts, and other key personnel a ready-to-access, self-analyzed study...

Read moreDetails

Application-Specific Integrated Circuit (ASIC) Market to Reach USD 27.72 Billion by 2032, Growing at 6.4% CAGR

Application-Specific Integrated Circuit (ASIC) Market Application-Specific Integrated Circuit (ASIC) Market was valued at around USD 17.46 billion in 2024 and is expected to grow at a CAGR of 6.4% from 2025 to 2032.ASICs are specialized integrated circuits engineered to execute particular tasks within specific applications. Their tailored design allows them...

Read moreDetails

Magneto-Resistive RAM (MRAM) Market to Reach USD 46.38 Billion by 2032, Growing at 38.5% CAGR

Magneto-Resistive RAM (MRAM) Market Magneto-Resistive RAM (MRAM) Market was valued at around USD 3.12 billion in 2024 and is expected to expand at an impressive CAGR of 38.5% from 2025 to 2032.MRAM is a type of non-volatile memory that stores information using magnetic states instead of electrical charges. It utilizes...

Read moreDetails

Mobile Value-Added Services Market to Reach US$ 2,962.4 Billion by 2033 on 5G and AI Expansion

Mobile Value-Added Services Market Market Overview and Growth OutlookThe Mobile Value-Added Services (MVAS) Market is evolving rapidly as telecom operators move beyond traditional voice and data offerings toward personalized, data-driven services. The market is projected to be valued at US$ 1,155.2 billion in 2026 and is expected to reach US$...

Read moreDetails

Point-to-Multipoint Microwave Backhaul Market to Reach US$ 4.1 Billion by 2033 Amid 5G Densification

Point-to-Multipoint Microwave Backhaul Market Market Overview and Growth DynamicsThe Point-to-Multipoint Microwave Backhaul Market is gaining strategic importance as telecom operators accelerate 5G deployment and network densification worldwide. The market was valued at US$ 2.5 billion in 2026 and is projected to reach US$ 4.1 billion by 2033, expanding at a...

Read moreDetails

Wireless Charging Market to Reach US$ 94.2 Billion by 2033 Driven by Qi2 and EV Expansion

Wireless Charging Market Wireless Charging Market Overview and Growth OutlookThe Wireless Charging Market is entering a high-growth phase, supported by rapid advancements in inductive and high-power charging technologies. The market is expected to be valued at US$ 22.0 billion in 2026 and is projected to surge to US$ 94.2 billion...

Read moreDetails

IGBT and Super Junction MOSFET Market Forecasted to Expand at 12.5% CAGR, Attaining US$ 38,074.64 Million by 2032

IGBT and Super Junction MOSFET Market IGBT and Super Junction MOSFET Market was valued at US$14,987.67 million in 2024 and is expected to grow at a CAGR of 12.5% from 2025 to 2032, driven by increasing demand for efficient power electronics in industrial and automotive applications.Insulated Gate Bipolar Transistors (IGBTs)...

Read moreDetails
Web3Wire NFTs - The Web3 Collective

Web3Wire, $W3W Token and .w3w tld Whitepaper

Web3Wire, $W3W Token and .w3w tld Whitepaper

Claim your space in Web3 with .w3w Domain!

Web3Wire

Trending on Web3Wire

  • Unifying Blockchain Ecosystems: 2024 Guide to Cross-Chain Interoperability

    152 shares
    Share 61 Tweet 38
  • Top Cross-Chain DeFi Solutions to Watch by 2025

    81 shares
    Share 32 Tweet 20
  • Top 5 Wallets for Seamless Multi-Chain Trading in 2025

    78 shares
    Share 31 Tweet 20
  • Tianrong Internet Products and Services Inc. (OTC: TIPS) Launches $DEPIN Token on Solana to Power Decentralized GPU Compute Sharing and AI Inference Marketplace

    6 shares
    Share 2 Tweet 2
  • Emerging Growth Patterns, Segment Analysis, and Competitor Approaches Influencing the Web3 Customer Engagement Platform Market

    6 shares
    Share 2 Tweet 2
Join our Web3Wire Community!

Our newsletters are only twice a month, reaching around 10000+ Blockchain Companies, 800 Web3 VCs, 600 Blockchain Journalists and Media Houses.


* We wont pass your details on to anyone else and we hate spam as much as you do. By clicking the signup button you agree to our Terms of Use and Privacy Policy.

Web3Wire Podcasts

Upcoming Events

There are currently no events.

Latest on Web3Wire

  • Akeana Partners with Axiomise for Formal Verification of Its Cores
  • Mission Control AI Launches Swarm: the Only Synthetic Workers for Critical Industries
  • iTrustCapital Launches Crypto Treasury Accounts For Businesses, Trusts, & Non-Profits
  • Silicon Signals Launches Camera Image Tuning Lab to Deliver Production-Ready Imaging Solutions
  • Green Crypto-Mining Market is Booming Worldwide | Major Giants Terawulf, Bitmain, CleanSpark

RSS Latest on Block3Wire

  • Covo Finance: Revolutionary Crypto Leverage Trading Platform
  • WorldStrides and HEX Announce Partnership to Offer High School and University Students Innovative Courses Designed to Improve Their Outlook in the Digital Age
  • Cathedra Bitcoin Announces Leasing of 2.5-MW Bitcoin Mining Facility
  • Global Web3 Payments Leader, Banxa, Announces Integration With Metis to Usher In Next Wave of Cryptocurrency Users
  • Dexalot Launches First Hybrid DeFi Subnet on Avalanche

RSS Latest on Meta3Wire

  • Thumbtack Honored as a 2023 Transform Awards Winner
  • Accenture Invests in Looking Glass to Accelerate Shift from 2D to 3D
  • MetatronAI.com Unveils Revolutionary AI-Chat Features and Interface Upgrades
  • Purely.website – Disruptive new platform combats rising web hosting costs
  • WEMADE and Metagravity Sign Strategic Alliance MOU to Collaborate on Blockchain Games for the Metaverse
Web3Wire

Web3Wire is your go-to source for the latest insights and updates in Web3, Metaverse, Blockchain, AI, Cryptocurrencies, DeFi, NFTs, and Gaming. We provide comprehensive coverage through news, press releases, event updates, and research articles, keeping you informed about the rapidly evolving digital world.

  • About Web3Wire
  • Founder’s Note
  • Web3Wire NFTs – The Web3 Collective
  • .w3w TLD
  • $W3W Token
  • Web3Wire DAO
  • Event Partners
  • Community Partners
  • Our Media Network
  • Media Kit
  • RSS Feeds
  • Contact Us

Crypto Coins

  • Top 10 Coins
  • Top 50 Coins
  • Top 100 Coins
  • All Coins – Marketcap
  • Crypto Coins Heatmap

Crypto Exchanges

  • Top 10 Exchanges
  • Top 50 Exchanges
  • Top 100 Exchanges
  • All Crypto Exchanges

Crypto Stocks

  • Blockchain Stocks
  • NFT Stocks
  • Metaverse Stocks
  • Artificial Intelligence Stocks

Web3Wire Whitepaper | Tokenomics

Web3 Resources

  • Top Web3 and Crypto Youtube Channels
  • Latest Crypto News
  • Latest DeFi News
  • Latest Web3 News

Blockchain Resources

  • Blockchain and Web3 Resources
  • Decentralized Finance (DeFi) – Research Reports
  • All Crypto Whitepapers

Metaverse Resources

  • AR VR and Metaverse Resources
  • Metaverse Courses
Claim your space in Web3 with .w3w!

The Klyrox Protocol | The Algorithmic Monographs

Top 50 Web3 Blogs and Websites
Web3Wire Podcast on Spotify Web3Wire Podcast on Amazon Music 
Web3Wire - Web3 and Blockchain - News, Events and Press Releases | Product Hunt
Web3Wire on Google News

Media Portfolio: Block3Wire | Meta3Wire

  • Privacy Policy
  • Terms of Use
  • Disclaimer
  • Sitemap
  • For Search Engines
  • Crypto Sitemap
  • Exchanges Sitemap

© 2024 Web3Wire. We strongly recommend our readers to DYOR, before investing in any cryptocurrencies, blockchain projects, or ICOs, particularly those that guarantee profits.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Coins
    • Top 10 Cryptocurrencies
    • Top 50 Cryptocurrencies
    • Top 100 Cryptocurrencies
    • All Coins
  • Exchanges
    • Top 10 Cryptocurrency Exchanges
    • Top 50 Cryptocurrency Exchanges
    • Top 100 Cryptocurrency Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks

© 2024 Web3Wire. We strongly recommend our readers to DYOR, before investing in any cryptocurrencies, blockchain projects, or ICOs, particularly those that guarantee profits.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.