FBI Creates Cryptocurrencies to Expose Fraud – Seizes $25 Million in Cryptocurrencies, Charges 18

Eighteen individuals and entities have been charged with fraud and market manipulation in the cryptocurrency industry. The charges involve deceptive practices such as wash trading and pump-and-dump schemes that inflated token prices, leading to the seizure of $25 million in cryptocurrencies. As part of “Operation Token Mirrors”, the Federal Bureau of Investigation (FBI) created a (…)