The FBI hunted down scammers with fake cryptocurrency.

This operation, which has initiated a new era in the world of cryptocurrency, showcased the FBI's capacity to combat crime with technological innovations. The fake cryptocurrency called NexFundAI has gone down in history as a unique trap used to detect and bring fraudsters to justice.

4 Companies Brought Down by the FBI Trap

This operation conducted by the FBI revealed a new method of combating fraudulent activities in the cryptocurrency market. The fake cryptocurrency named NexFundAI was specifically designed to detect and capture fraudsters.

The operation, carried out by federal prosecutors in Boston, targeted four major cryptocurrency companies. Companies named Gotbit, ZM Quant, CLS Global, and MyTrade were accused of deceiving investors through market manipulation and fake transactions.

As a result of the operation, 14 individuals were arrested, and over 25 million dollars worth of cryptocurrency was seized. This figure highlights the scale of the fraudulent activities.

Jodi Cohen, the special agent in charge of the FBI's Boston Division, emphasized the importance of the operation. Cohen stated, "The FBI has taken an unprecedented step to detect, prevent, and bring these alleged fraudsters to justice."

This operation once again brought to light the security vulnerabilities in the cryptocurrency market and the need for regulation. Authorities warned investors to be cautious and report suspicious transactions.

This operation, which demonstrates that cryptocurrency technology can also be used in the fight against crime, indicates that similar strategies may be developed in the future.