tldr; The FBI used a fake cryptocurrency called NexFundAI (NEXF) to catch fraudsters involved in market manipulation. The coin was presented as a crypto security linked to an AI fund. The FBI collaborated with scammers to manipulate the token’s trading volume, gathering evidence for an indictment. This marks the first time the FBI created a cryptocurrency for an investigation. The operation led to charges against Liu Zhou and others for conspiracy to commit market manipulation and wire fraud, with Zhou agreeing to plead guilty.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
middlemangv on
Bullish on FBI token
Bear-Bull-Pig on
HBO should make this into a documentary or use it as the premise for the next true detective series.
4 Comments
tldr; The FBI used a fake cryptocurrency called NexFundAI (NEXF) to catch fraudsters involved in market manipulation. The coin was presented as a crypto security linked to an AI fund. The FBI collaborated with scammers to manipulate the token’s trading volume, gathering evidence for an indictment. This marks the first time the FBI created a cryptocurrency for an investigation. The operation led to charges against Liu Zhou and others for conspiracy to commit market manipulation and wire fraud, with Zhou agreeing to plead guilty.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Bullish on FBI token
HBO should make this into a documentary or use it as the premise for the next true detective series.
Takes a scammer to catch a scammer