FBI Creates Fake Cryptocurrency to Expose Widespread Crypto Market Manipulation

"Three market makers — ZM Quant, CLS Global, and MyTrade — along with their employees are charged with allegedly wash trading and/or conspiring to wash trade on behalf of NexFundAI, a cryptocurrency company and token created at the direction of law enforcement as part of the government's investigation," the DoJ said.

"A fourth market maker, Gotbit, its CEO, and two of its directors are also charged for perpetrating a similar scheme."

Some says they joined CIA and NSA club with releasing crypto to track criminal activity 👀

See more: https://thehackernews.com/2024/10/fbi-creates-fake-cryptocurrency-to.html

#security #privacy #crypto