How the FBI became the ultimate "Whale" to catch market manipulators
In a move straight out of a spy novel, the FBI created fake crypto tokens to bait crooked market makers. Executives from Gotbit and three other firms took the bait, promising to "pump" the FBI's tokens using wash trading.
Little did they know, their every bot-move was being recorded. Now, ten people are under indictment, and three have been brought from Singapore to the US in handcuffs.
The message is clear: the volume might be fake, but the jail time is real.
CRYPTO INSIDER │ Bybit