The FBI created its own cryptocurrency, NexFundAI, on the Ethereum blockchain to catch market manipulators and participants in illegal activities within the crypto space. As part of an operation called "Token Mirrors," charges were brought against 18 individuals and organizations for fraud and market manipulation. Among them are companies Gotbit, ZM Quant, CLS Global, and MyTrade, suspected of organizing "pump and dump" schemes—they inflated token prices using fake trades (wash trades) and then sold them at inflated prices. The FBI also confiscated more than $25 million in cryptocurrency and deactivated trading bots involved in manipulating sixty tokens.
10/10/2024 10:28:21 AM (GMT+1)
The FBI created the cryptocurrency NexFundAI based on Ethereum and seized more than $25 million as part of an operation against market manipulation 💰
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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