The DOJ created NexFundAI, a false cryptocurrency company and token, in a sting that nabbed 19 people and companies accused of scamming investors by falsely creating the illusion of activity around their crypto and then selling at the inflated price in what investigators call "pump and dump" and "market maker" schemes.

The post DOJ Created NexFundAI Crypto Firm in Crypto Scamming Sting appeared first on Security Boulevard.

Jeffrey Burt

Source: Security Boulevard
Source Link: https://securityboulevard.com/2024/10/doj-created-nexfundai-crypto-firm-in-crypto-scamming-sting/