The FBI has revealed that it created its own cryptocurrency token, NexFundAI, so it could watch suspected fraudsters use it. On Thursday (October 10) that the Department of Justice announced 18 individuals and entities were charged with “widespread fraud and manipulation in the cryptocurrency markets.” Federal prosecutors asserted that three market makers—ZM Quant, CLS Global and MyTrade—along with their employees had been allegedly involved in “wash trading” or “conspiring to wash trade” on behalf of the FBI’s crypto token, NexFundAI. #BREAKING: As a result of an #FBI Boston investigation, 18 individuals & entities have been charged in connection with 'Operation Token Mirrors,' an international operation targeting widespread fraud & manipulation in the cryptocurrency markets.

 

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