FBI created a cryptocurrency so it could watch it being abused
ID: 2e20d349-a27c-5fe8-af7d-80eabd035b90
STIX ID: report--2e20d349-a27c-5fe8-af7d-80eabd035b90
Feed Name: The Register (Security)
Threat Score
The Department of Justice and SEC charged individuals and entities for alleged crypto market manipulation and wash trading tied to tokens such as Saitama; the FBI conducted an undercover operation by creating a decoy token/company (NexFundAI) to observe and disrupt the schemes, resulting in arrests in the UK, Portugal and Texas and multiple guilty pleas.
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