gtbarry<p>The FBI created a cryptocurrency as part of an investigation into price manipulation in crypto markets. The FBI’s Ethereum-based token, NexFundAI, was created with the help of “cooperating witnesses.”</p><p>As a result of the investigation, the SEC charged three “market makers” and nine people for allegedly engaging in schemes to boost the prices of crypto assets</p><p><a href="https://mastodon.social/tags/FBI" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FBI</span></a> <a href="https://mastodon.social/tags/SEC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SEC</span></a> <a href="https://mastodon.social/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cryptocurrency</span></a> <a href="https://mastodon.social/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> <a href="https://mastodon.social/tags/ethereum" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ethereum</span></a> <a href="https://mastodon.social/tags/NexFundAI" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NexFundAI</span></a> <a href="https://mastodon.social/tags/PumpAndDump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PumpAndDump</span></a> <a href="https://mastodon.social/tags/defi" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>defi</span></a> <a href="https://mastodon.social/tags/finance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>finance</span></a> <a href="https://mastodon.social/tags/technology" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>technology</span></a> <a href="https://mastodon.social/tags/tech" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tech</span></a></p><p><a href="https://www.theverge.com/2024/10/10/24267098/fbi-coin-crypto-token-nexgenai-sec-doj-fraud-investigation" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">theverge.com/2024/10/10/242670</span><span class="invisible">98/fbi-coin-crypto-token-nexgenai-sec-doj-fraud-investigation</span></a></p>