NexFundAI: The FBI’s ‘Trap Token’ Explained Authored by Bradley Peak via CoinTelegraph.com, What is NexFundAI, the FBI’s crypto trap? NexFundAI, introduced by the US FBI in May 2024, is an Ethereum-based crypto token created as part of a covert sting operation, Operation Token Mirrors. The NexFundAI token was designed to act as bait, targeting individuals and organizations engaged in fraudulent cryptocurrency activities, particularly pump-and-dump schemes. In these scams, manipulators artificially inflate a token’s value, attracting unsuspecting investors, only to dump their holdings once the price peaks, leaving investors with losses. NexFundAI mimicked the look and behavior of a legitimate cryptocurrency, allowing the United States… — Continue at ZeroHedge News : Read More
