FBI launched its own token to catch crypto market manipulators

The FBI launched its own token, NexFundAI, in order to catch individuals and companies that it claims were engaged in market manipulation. The token was launched as part of an investigation that has led to the indictment of 14 individuals and four companies by the U.S. Department of Justice (DoJ) for cryptocurrency fraud and market manipulation, Crypto Briefing reported. The FBI explained that it had taken this unprecedented step to investigate and bring to justice the alleged fraudsters. The charges cover wash trading, deceptive practices as well as making false claims about tokens.