SINGAPORE — November 17, 2025 — Leads & Copy — Genius Group Limited (NYSE American: GNS) has filed a class action complaint in the United States District Court for the Southern District of New York against Citadel Securities LLC and Virtu Americas LLC, alleging market manipulation through spoofing and naked short selling of the company’s shares.
The lawsuit, filed on behalf of the company and all its investors, claims that the defendants violated Section 10(b), Sections 9(a)(2) and 9(e), and Section 20(a) of the Securities Exchange Act of 1934. Genius Group believes this action sets precedents for protecting shareholder interests.
The company is seeking damages of at least $250 million to recover losses caused by the alleged market manipulation. According to the complaint, the defendants engaged in a manipulative trading scheme, repeatedly “spoofing” Genius Group stock, which involves submitting and then canceling buy or sell orders without genuine intent to execute them.
These “baiting orders” are alleged to have misled market participants about the supply and demand for Genius Group stock, influencing market prices. The complaint states that, between April 12, 2022, and May 30, 2025, the defendants entered thousands of spoofing trades to create a false impression of excess supply and volatility.
The lawsuit also alleges that the defendants built massive short positions through off-exchange trading and then used spoofing trades to cause significant declines in the price of Genius Group stock. Additionally, the company claims the defendants engaged in naked short-selling, improper short sales unsupported by existing market inventory.
Genius Group will ask the Court to appoint it as the lead plaintiff in the class action to effectively manage the litigation and protect its shareholders’ interests. The company’s CEO, Roger James Hamilton, emphasized the company’s commitment to fair markets and shareholder protection, describing the lawsuit as an important milestone in the fight against unfair practices.
Hamilton also noted that multiple brokers have restricted buying Genius shares while allowing selling, making it difficult for investors to support the stock. The company intends to provide updates on the case to its shareholders and reminds them of the November 28, 2025 record date for transferring shares via the Direct Registration System (DRS) to benefit from the Bitcoin Loyalty Payment program, which aims to reduce the number of shares available to short sellers.
Genius Group (NYSE: GNS) delivers AI-powered education and acceleration solutions, serving six million users in over 100 countries through its Genius City model and online marketplace. The company combines human talent with AI skills and solutions at individual, enterprise, and government levels.
For enquiries, contact investor@geniusgroup.ai
Source: Genius Group
