The FBI in the United States has created a token called NexFundAI to identify and combat cryptocurrency fraud companies

ChainCatcher news, according to Reuters, the FBI has created a token named NexFundAI on Ethereum to identify and combat these alleged fraudsters and bring them to justice.

It is reported that the FBI is discussing cooperation with market makers using the identity of the company and the token. One of the defendants explained that his company uses bots to buy and sell simultaneously on CEX to generate trading volume.

Previous news, the U.S. Department of Justice has filed market manipulation charges against four cryptocurrency companies and their related personnel. These companies include Gotbit, ZM Quant, CLS Global, and MyTrade, accused of manipulating the market through "wash trading" to lure investors into "pump and dump" schemes.