FBI Made a Crypto Coin Just to Catch Fraudsters
Security News This Week: The FBI Made a Crypto Coin Just to Catch Fraudsters
Plus: New details emerge in the National Public Data breach, Discord gets blocked in Russia and Turkey over alleged illegal activity on the platform, and more.
The FBI secretly created a coin to investigate crypto pump-and-dump schemes
The FBI created a cryptocurrency as part of an investigation into price manipulation in crypto markets, the government revealed on Wednesday. The FBI’s Ethereum-based token, NexFundAI, was created with the help of “cooperating witnesses.
FBI Created a Crypto Token to Bait Pump-and-Dump Scammers
The FBI created its own cryptocurrency company and crypto token in order to bait fraudsters who would make fake trades in order to boost the price before cashing out, according to a press release from the U.
The FBI created its own crypto token called ‘NexFundAI’ to take down market manipulators
A judge unsealed charges brought by the Department of Justice against eighteen individuals and companies as part of a wide-ranging case on Wednesday.
FBI creates fake token to catch 18 people and companies involved in crypto fraud
The U.S. government has indicted 18 individuals and companies for fraud and market manipulation in the crypto industry.
FBI Created NexFundAI Crypto Token To Bring Down Fraud Scheme
The FBI has charged eight companies for operating an alleged pump-and-dump scheme after creating a fake crypto token, NexFundAI, as part of an undercover sting.
FBI creates crypto token to catch fraudsters in historic market manipulation case
US government files first-ever market manipulation charges in crypto, targeting 18 people and firms, with $25M in assets seized.
FBI Creates Its Own Token to Bust Crypto Fraudsters in Major Sting Operation
As part of “Operation Token Mirrors,” the FBI arrested 18 individuals by trapping them into its own cryptocurrency, the NexFundAI Token.
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FBI’s First-Ever Crypto Sting: Fake Token Nabs 18 in Major Fraud Bust
FBI’s fake token sting led to 18 arrests for crypto market manipulation. Several firms were caught inflating token prices.
NexFundAI: FBI relies on its crypto token in action against crypto fraudsters
A novel trick by investigators paid off. Fifteen people and three companies are now suspected of market manipulation.
FBI creates fake cryptocurrency in sting operation to catch pump-and-dump market manipulators
The Federal Bureau of Investigation created its own cryptocurrency token as part of an operation to catch fraudsters in the ...
US sting operation catches crypto firms 'wash trading' to boost token values
Federal prosecutors set up a fake company to bust four crypto market makers, who they say artificially increased trade volume ...