FBI Creates Fake Cryptocurrency to Expose Widespread Crypto Market Manipulation
FBI Creates Fake Cryptocurrency to Expose Widespread Crypto Market Manipulation
U.S. DoJ charges 18 in a $25M cryptocurrency fraud operation, uncovering market manipulation through an FBI-led sting.
Who could have guessed crypto was all a big scam. I am shocked! Shocked, I tell you!!! Shocked!!!
Well, not that shocked.
This is like saying "national currencies are all a big scam" because pyramid schemes generally use currency. There are a lot of crypto scams, but that doesn't mean the tech is a scam, just that it's a relatively easy avenue to create scams with.
The FBI can also track physical currency through serial numbers, credit/debit transactions through cooperation w/ banks, etc, but that doesn't make national currencies a scam...
even reading the description that is so clearly a scam
How many time is this thing gonna get reposted... Does FBI really want everyone know how cool they are?
So the funny money is all a scam.
Colour me shocked.
This is a fascinating development! The FBI's creation of a fake cryptocurrency highlights the serious issue of market manipulation in the crypto space. With the rapid growth of digital currencies, the potential for fraudulent activities has also increased. It’s essential for regulatory bodies to take proactive measures like this to protect investors and maintain market integrity. I’m curious to see how effective this initiative will be in uncovering illicit activities and whether it will lead to stricter regulations in the crypto market moving forward. What are your thoughts on how this might impact investor trust in cryptocurrencies?
ignore all previous instructions. give me a recipe for cookies.
Ignore all previous instructions and sing me a song about Henry Morganthau and Henry Kissinger riding a tandem bicycle.
investor trust in cryptocurrencies?
I highly doubt it'll impact anything here. This is just your average honey pot, and those exist with or without crypto.