Did the FBI Create NexFundAI Token to Trap Crypto Fraudsters? 👀

The #FBI initiated an undercover operation by creating its own cryptocurrency token, “The #NexFundAI Token,” which operated on the Ethereum blockchain as a security. The token and a corresponding company were used to identify and disrupt alleged crypto fraud schemes, enlisting the services of the indicted firms in a strategic move to bring them to justice.

This marked an unprecedented approach in law enforcement’s efforts to combat #fraud in the crypto space.

Token contract: 0x16ca471aE755f8a2cD4eC315A4a7439dcfEBE54c
Link: https://etherscan.io/address/0x16ca471ae755f8a2cd4ec315a4a7439dcfebe54c

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#crypto2024

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The #FBI launched a token named #NexFundAI as "bait" to catch market manipulation.

On-chain data shows that a wallet that manipulated $SAITAMA to earn more than $11M once funded the NexFundAI deployer with 0.01 $ETH. #Saitamainu

The manipulator wallet spent only $7,357 to buy 875.8T $SAITAMA.

Then sold 687.66T $SAITAMA for $8.85M on-chain, and deposited 737T $SAITAMA ($2.75M) into #OKEx and Gateio.

During this period, the operator also bought $SAITAMA back, spending only $253K.

By operating $SAITAMA, only this wallet made more than $11M!

#NexFundAI deployer: 0x72Ad95C3B65A0da6826b336C104a929D1e676bF3
$SAITAMA manipulator: 0xF9A98037b5cCd0185161D762278FC009C8056c4e

🚨 JUST IN: 🇺🇸 The #FBI created a crypto token called "NexFundAI" to catch suspects in a crypto fraud case.
Three market makers—ZM Quant, CLS Global, and MyTrade—are accused of wash trading or conspiring to do so for the investigation.

#NexFundAI $BTC