FBI Launches Their Own Crypto

The FBI launched their own cryptocurrency called NextFundAI which the only goal of it was to expose market manipulation. The DOJ has also arrested and charged many individuals for having manipulated the digital asset markets.

The token was touted as a bridge between finance and AI to create a positive force with AI.

Of all of that three "exchanges" were charged with wash trading those are ZM Quant, CLS Global and MyTrade. A fourth company of Gotbit was also charged. In total it's reported that 18 people/entities where caught and now face charges.

It's reported that 25 million dollars was confiscated via trading bots.

What is wash trading?

Wash trading is the artificial market activity created by a person or few persons simply buying and selling funds back and forth to each other.

Now I'll be honest with you. I've never heard of any of these companies nor do I mess with any types of exchanges these days.