FBI Launches New Cryptocurrency to Expose Fraudsters

The FBI reportedly launched its own cryptocurrency, 'NexFundAI Token,' as part of a sting operation to expose and apprehend fraudulent actors in the crypto space.

This move was revealed alongside charges brought against four cryptocurrency firms and 14 individuals, accused of market manipulation.

Among the accused were market-making companies, with one having faced previous allegations of manipulating memecoin prices, as highlighted by crypto investigator ZachXBT last year.

The FBI’s strategy involved setting up a fake token and company to infiltrate the market, aiming to trap those involved in illicit activities.

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According to official statements, the NexFundAI Token operated on the Ethereum blockchain as a security under law enforcement supervision.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.