Why FBI built crypto coin of its own to enter cryptocurrency industry TOI TECH DESK — Times of India

The FBI created an Ethereum-based token, NexFundAI, to uncover market manipulation in cryptocurrency trading. The sting operation resulted in charges against 30 individuals and entities, revealing fraudulent practices like wash trades by market makers and other defendants. $25 million in fraudulent proceeds will be returned to investors.The FBI created an Ethereum-based token, NexFundAI, to uncover market manipulation in cryptocurrency trading. The sting operation resulted in charges against 30 individuals and entities, revealing fraudulent practices like wash trades by market makers and other defendants. $25 million in fraudulent proceeds will be returned to investors. …Read More