FBI Creates Crypto Token to Expose Fraud, Leads to Major Market Manipulation Charges
In a groundbreaking move, the FBI created its own cryptocurrency token, NexFundAI, to infiltrate and expose fraudulent actors within the crypto market.
The undercover operation, codenamed “Operation Token Mirrors,” has culminated in U.S. prosecutors charging 18 individuals and entities, including four major crypto firms—Gotbit, ZM Quant, CLS Global, and MyTrade—for alleged market manipulation and fraudulent trading practices. These firms are accused of engaging in widespread fraud, including “wash trading” schemes that misled investors and artificially inflated the value of over 60 cryptocurrencies.
The FBI, known for its innovative tactics in combating crime, took the unprecedented step of establishing NexFundAI on the…
