In their latest investigation targeting Market Makers (MMs) involved in pump-and-dump schemes, the FBI created a token called NexFundAI on the Ethereum network to “lure the sharks.”
After launching NexFundAI, the FBI posed as a project in need of MMs and hired the very individuals under investigation. This allowed them to effortlessly gather evidence of market manipulation activities.
As a result, four crypto companies—Gotbit, ZM Quant, CLS Global, and MyTrade—along with 14 individuals have been charged with market manipulation, and over $25 million in crypto assets have been seized.
This move is truly unprecedented. The FBI set up an incredibly sophisticated trap, and the reckless MMs got caught in the net! 😂😂
