Reported about 6 hours ago
The FBI has unveiled a new cryptocurrency, 'NexFundAI', as part of a groundbreaking initiative to target individuals and firms accused of manipulating crypto markets. This unprecedented move involves creating a fake company and using the token to engage with market makers involved in deceptive practices such as wash trading. The Department of Justice's indictment marks a significant step in prosecuting crypto market manipulation, as several defendants, including those linked to a Massachusetts firm, face charges for artificially inflating token values and profiting at the expense of investors.
Source: YAHOO