{"id":940,"date":"2024-10-10T06:32:18","date_gmt":"2024-10-10T06:32:18","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=940"},"modified":"2024-10-10T06:32:18","modified_gmt":"2024-10-10T06:32:18","slug":"fbi-busts-25m-crypto-fraud-ring-18-charged-in-operation-token-mirrors-involving-fake-token-nexfundai","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=940","title":{"rendered":"FBI Busts $25M Crypto Fraud Ring: 18 Charged In &#8216;Operation Token Mirrors&#8217; Involving Fake Token NexFundAI"},"content":{"rendered":"<div>\n<p>The Federal Bureau of Investigation has <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/09\/40799485\/cryptocurrency-scams-cost-americans-5-6b-in-2023-fbi-report-shows\">charged 18 individuals and companies with fraud and manipulation<\/a> following a sting operation involving a fake cryptocurrency token. The operation, dubbed \u201cOperation Token Mirrors,\u201d led to the arrest of three individuals in Texas, the UK, and Portugal.<\/p>\n<p><strong>What Happened<\/strong>: The U.S. Department of Justice has announced that five defendants have either pleaded or agreed to plead guilty. The operation seized over $25 million in cryptocurrency assets, <a href=\"https:\/\/www.ft.com\/content\/fca21775-f94d-4af4-b778-c1b72cc119f4\">reported<\/a> the Financial Times on Wednesday. <\/p>\n<p>The U.S. Securities and Exchange Commission (SEC) stated that the scheme involved \u201con-demand market manipulation\u201d on trading platforms, creating massive artificial trading volumes.<\/p>\n<p>The SEC highlighted that <strong>ZM Quant<\/strong>, a supposed market maker, was enlisted to support trading in &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41265329\/fbi-busts-25m-crypto-fraud-ring-18-charged-in-operation-token-mirrors-involving-fake-token\" alt=\"FBI\" busts crypto fraud ring: charged in token mirrors involving fake nexfundai>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Bureau of Investigation has charged 18 individuals and companies with fraud and manipulation following a sting operation involving a fake cryptocurrency token. The operation, dubbed \u201cOperation Token Mirrors,\u201d led to the arrest of three individuals in Texas, the UK, and Portugal. What Happened: The U.S. Department of Justice has announced that five defendants [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-940","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=940"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/940\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}