Prosecutors charge four crypto “market makers” hired for market manipulation, fraud

During their investigation, FBI agents created an Ethereum-based cryptocurrency called NextFundAI with the help of “cooperating witnesses” and used it to “identify, disrupt and bring to justice these alleged fraudsters, “, according to a Wednesday press release. The token, according to court documents, is also a guarantee. An FBI representative added that there was limited trading “activity” on the coin, but declined to share any additional information beyond what is currently available in public documents, including whether the FBI worked with any crypto companies in the the project. Acting U.S. Attorney for the District of Massachusetts Joshua Levy said trading in the token has been disabled during a press call Wednesday afternoon.