You can read the official opinion of the US legal team here - https://storage.courtlistener.com/recap/gov.uscourts.ilnd.431767/gov.uscourts.ilnd.431767.1.0_1.p

You can read the official opinion of the US legal team here - https://storage.courtlistener.com/recap/gov.uscourts.ilnd.431767/gov.uscourts.ilnd.431767.1.0_1.pdf https://storage.courtlistener.com/recap/gov.uscourts.ilnd.43... I think it can be summarized that they knowingly traded securities with US entities, and intentionally circumvented legal and technical restrictions to make those trades happen.