tl;dr
The Department of Justice reports that the FBI created a crypto token, "NexFundAI," as part of an operation targeting crypto criminals. The FBI's wallet address was leaked, revealing various other tokens held in it, leading to charges of fraud and market manipulation against multiple individuals and...
The Department of Justice reports that the FBI created a crypto token, "NexFundAI," as part of an operation targeting crypto criminals. The FBI's wallet address was leaked, revealing various other tokens held in it, leading to charges of fraud and market manipulation against multiple individuals and organizations. The FBI's wallet holds tokens like EthereumMax, BONE, and meme coins, and also contains 1.734 billion Pornrocket tokens. The FBI used code from OpenZeppelin's library without proper attribution, leading to a copyright violation. The FBI developed the NexFundAI token to gather evidence of illegal activities, engaging market makers to manipulate the token market. Investors who have traded any tokens associated with this investigation may reach out to the FBI for more information via a notification form. Sponsored Sponsored Coinbase executive Conor Grogan identified the FBI’s wallet address. He found it holds tokens like EthereumMax, BONE, and several meme coins, all on the Ethereum blockchain. Conor also discovered that a wallet associated with the FBI contains 1.734 billion Pornrocket tokens. Additionally, Conor found that the FBI wallet address had made multiple transactions to Tokenlon, Binance, Zixipay, and HTX exchanges. Currently, this address holds over $39,600 worth of cryptocurrency. Moreover, on-chain analyst Cygaar found that the FBI used code from OpenZeppelin’s library without proper attribution, which he noted as a copyright violation. According to a DOJ announcement, the FBI developed a crypto token named “NexFundAI” as part of the operation. It then hired market makers to manipulate the token market in an effort to gather evidence of illegal activities. NexFundAI is an ERC-20 token created in late May 2024, with a total supply exceeding 98 billion. After launching the token, the FBI orchestrated multiple transactions to entice suspects. The FBI engaged firms like Gotbit, ZM Quant, and CLS Global as market makers to engage in wash trading, a manipulative practice where traders buy and sell the same asset to inflate its price or liquidity artificially. All three companies have since admitted guilt. The investigators also announced that investors who have traded any tokens associated with this investigation may reach out to the FBI for more information via a notification form.
More about Banco De Chile
Banco De Chile, Banco de Chile, provides banking and financial products and services to clients in Chile. The company is headquartered in Santiago, Chile.
Industry: FINANCE, COMMERCIAL BANKS
NEC: 12207905000
Open: 8.08
Close: 8.08
Change: 2.99
Volume: 5702.8
Dividend: 0.485
Market Cap: 2880381125000
PE Ratio: 25.65
EPS: -0.027
ROI: -0.007