**News Flash: FBI's Crypto Sting Operation Reveals Major Fraud**

The FBI has unveiled NexFundAI, an Ethereum-based crypto token, as part of Operation Token Mirrors, a sting operation targeting crypto fraud. Launched in May 2024, NexFundAI was designed to mimic a legitimate token, luring fraudsters into pump-and-dump schemes and wash trading.

- **Key Results**: The operation led to charges against 18 individuals and companies like Gotbit and ZM Quant.

- **Assets Seized**: Over $25 million in assets were confiscated.

- **Impact**: This operation sets a precedent for future digital stings, making fraudsters wary of potential traps in the crypto market.

Stay vigilant and always scrutinize tokens for red flags like sudden price spikes and low liquidity.