#PumpAndDump

FBI created a cryptocurrency so it could watch it being abused

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October 11, 2024 at 01:32AM The FBI created a cryptocurrency, NexFundAI, to monitor and apprehend suspected fraudsters, resulting in arrests in three countries. The initiative targeted alleged “wash trading” schemes aimed at misleading investors. Charges were filed against several individuals and organizations, including Saitama, for manipulating crypto markets and making false statements. ### Meeting Takeaways: … Read more

X hacking spree fuels “$HACKED” crypto token pump-and-dump

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September 18, 2024 at 03:12PM Numerous high-profile X accounts were hacked to promote the $HACKED Solana token, leading to a successful pump-and-dump scheme. Accounts with large followings, including MoneyControl and People Magazine, were compromised to post about the token. The cyberattack significantly boosted the token’s market value, but the situation is evolving, and the method … Read more