So the FBI made a crypto token called NexFundAI to catch market manipulators. Wild, right? They really stepped up their game.
FBI Launches Its Own Crypto Token to Combat Market Manipulation
21 replies 84 views
Yeah, it’s about time! They’re finally using smart tactics instead of just playing catch-up. Remember when they tried that encrypted chat thing? That was clever.
wallet_vaultFull Member
Posts: 321 · Reputation: 431
#3May 14, 2019, 03:00 AM
True! But honestly, this is a big deal. I mean, they went all in to expose these scammers. I wonder how this will change the game.
just_ravenNewbie
Posts: 181 · Reputation: 24
#4May 14, 2019, 09:16 AM
They’ve been catching a lot of heat about market manipulation lately. This should help them verify if exchanges are being shady.
mark.viperFull Member
Posts: 95 · Reputation: 318
#5May 15, 2019, 09:34 AM
Absolutely. I’ve seen so many exchanges accused of inflating their trading volume. It’s crazy how they’ve gotten away with it.
wallet_oracleMember
Posts: 225 · Reputation: 170
#6May 15, 2019, 03:07 PM
Exactly! A lot of those smaller exchanges are sketchy at best. If the FBI can clean things up, that’s a win for everyone.
But what happens to this NexFundAI token after they catch the bad guys? Do they just keep it around or what?
Good question. Maybe they’ll use it again if more manipulation pops up. Or they could just let it die out.
f0rk_5tackNewbie
Posts: 124 · Reputation: 3
#9May 18, 2019, 04:51 PM
I heard about three market makers getting charged recently. This FBI move seems like a response to that. They’re finally taking action.
Smart move, but I bet those manipulators are already figuring out how to avoid getting caught next time.
For sure. Bots are everywhere now, making fake demand to trick investors. It’s a never-ending game of cat and mouse.
It’s about time they started cracking down on these pump and dump schemes. Some coins have no business being valued that high.
Right? If a token has zero activity but is still worth millions, that’s a major red flag.
I think all new projects end up working with market makers, so it’s tough to figure out who’s legit and who’s just playing games.
its_walletMember
Posts: 147 · Reputation: 161
#15May 20, 2019, 10:13 PM
The fact that they created their own token to catch these guys is pretty next-level. Like, props to the FBI!
wallet_vaultFull Member
Posts: 321 · Reputation: 431
#16May 21, 2019, 04:13 AM
They’re definitely raising the bar. Guess we’ll see how effective this strategy is in the long run.
satoshi_apeNewbie
Posts: 237 · Reputation: 20
#17May 21, 2019, 09:24 AM
I just hope this doesn’t turn into another failed initiative. They need to make it stick this time.
I’m curious about the mechanics of how they’re using this token. Are they even telling us everything?
I doubt it. They probably keep a lot of details under wraps. But who knows? Maybe more info will leak.
Yeah, I mean, how do you even buy this token? It seems like a trap for shady exchanges, not something for regular investors.
Related topics
- Seychelles Moves to Regulate Crypto Market: What’s Next? 9
- UK's FCA Cracks Down on Crypto Activity 4
- Zug Embraces Crypto for Tax Payments: What’s the Impact? 12
- Robinhood Faces SEC Scrutiny Over Crypto Assets 2
- Belarus' New Crypto Banking Framework: What It Means for Us 21
- New Report on Crypto Asset Ownership in the UK 0