CandleFocus FBI Made a Profit From Ethereum Token Created to Catch Fraudsters
2024-10-10
Author: Content Editor
The FBI has created an Ethereum token called NexF to catch scammers and manipulate the market. The Department of Justice (DOJ) has charged 14 individuals and four crypto firms, including Gotbit, ZM Quant, CLS Global, and MyTrade, with market manipulation and misconduct. The DOJ identified around 60 cryptocurrencies that were allegedly manipulated by wash-trading bots, including the NexF token. The FBI's token was used to identify and disrupt alleged fraudsters and apparently made a profit for law enforcement before its trading was disabled. A wallet connected to the token shuffled $30,000 worth of Ethereum to a new wallet after trading was disabled, which remains under the FBI's control. The FBI has not yet commented on the matter.
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