The FBI created its own token, NexFundAI, to expose fraudulent actors in the crypto market. As a result, US prosecutors in Boston have charged 18 individuals and entities, including four major crypto firms—Gotbit, ZM Quant, CLS Global, and MyTrade—in a criminal prosecution for market manipulation.
https://cryptobriefing.com/crypto-market-manipulation-charges/
11 Comments
FBI, the next generation of memecoin creators.
Its called $BUSTED right?
I mean this is good, Fuc scammers and manipulators
And the founders from Russia
surprised that they opted for AI instead of INU in the name 😅
tldr; The FBI created a crypto token, NexFundAI, to catch fraudsters in a historic market manipulation case. US prosecutors charged 18 individuals and firms, including Gotbit, ZM Quant, CLS Global, and MyTrade, for manipulating crypto markets through wash trading. The FBI’s covert operation exposed schemes to inflate token values, leading to charges of market manipulation and wire fraud. Authorities seized over $25 million in crypto, and several defendants have pleaded guilty. This marks a significant crackdown on crypto fraud.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Called usdt?
Why they don’t do the same with Wall Street?
Nice, but people need to understand that creating tokens to manipulate price solely to make pump and dump is huge earner for scammers.
I dare to say that currently most new coins are just this – creating token to pump and dump. In one form or the other.
Think about this before investing in meme coins or new “promising” coins.
They should bust elon. He manipulated doge and the market fir years
$FlowersByIrene