A fourth firm, Gotbit, allegedly engaged in similar wash trading but didnt trade the FBIs dedicated token.
The crypto company and token created by the FBI was called NexFundAI and was built on the Ethereum blockchain.
For more information, hey click here.
Screenshot of the website for a crypto token created by the FBI to bait pump-and-dump fraudsters.Screenshot: NexFundAI / FBI
The link for click here directs visitors to theDOJ press releaseabout the indictments.
Those charged so far include:
Will these charges deter future scammers?
That remains to be seen.
Screenshot from a crypto fraud indictment unsealed Oct. 9, 2024 showing a Pepe “Pump It” meme. Screenshot: DOJ
News from the future, delivered to your present.
Justice Department Says It Will Pull Back on Prosecuting Crypto Fraud
What could go wrong?
New copycat NexFundAI tokens created after the indictments were announced. Screenshot: DexScreener
