FBI Sting Operation Exposes Crypto Wash Trading Scheme

An FBI sting operation called Operation Token Mirrors used a fake crypto project, NexFundAI, to expose wash trading by three market makers: ZM Quant, CLS Global, and MyTrade. Blockchain research firm Kaiko analyzed on-chain data, confirming the FBI’s findings and revealing the extent of the manipulation. The FBI created NexFundAI in May 2024 and had The post FBI Sting Operation Exposes Crypto Wash Trading Scheme appeared first on Coin Edition .

Source: Coin Edition