🚨 FBI creates crypto company for "fishing enforcement", and many cryptocurrency companies are "hit"!
The Federal Bureau of Investigation (FBI) created its own cryptocurrency company NexFundAI and launched an extensive investigation into the cryptocurrency market, revealing large-scale fraud and market manipulation.
This action led to three cryptocurrency companies, Gotbit, ZM Quant and CLS Global, and 15 individuals being charged with fraud and market manipulation.
According to reports, in this investigation, the FBI took unprecedented measures to identify, disrupt and bring suspected scammers to justice by creating its own cryptocurrency tokens and companies.
At the same time, in this operation, four defendants have pleaded guilty and more than $25 million in cryptocurrency has been seized. Several trading robots were shut down, and these robots were responsible for about 60 cryptocurrencies and millions of dollars in wash sales.
Following closely, the U.S. Securities and Exchange Commission (SEC) also filed a civil lawsuit against the related behavior. These companies include Saitama, whose market value once soared to $7.5 billion, mainly because its leadership manipulated its tokens.
The FBI investigation and the SEC lawsuit revealed that there are still a lot of fraud risks in the cryptocurrency market and warned investors to be vigilant when investing in such assets. At the same time, these actions also show the determination and ability of regulators to crack down on illegal activities in the cryptocurrency field.
💬 What do you think of the FBI's use of "fishing enforcement" to expose cryptocurrency fraud? Do you think this action will help improve market trust? When investing in cryptocurrency, what measures will you take to prevent fraud risks?