FBI Sting Operation Catches Gotbit and Other Major Crypto Firms in Market Manipulation
In a major breakthrough, the FBI launched a sting operation using a fake crypto token called NexFundAI, leading to the indictment of several major crypto firms, including Gotbit, ZM Quant, CLS Global, and MyTrade. These firms were charged with market manipulation and wash trading, artificially inflating token prices and volumes. The case marks a significant moment in U.S. law enforcement's battle against crypto fraud, as it's the first major criminal prosecution for market manipulation in the industry.
