NexFundAI: The FBI’s ‘Trap Token’ Explained
NexFundAI, a trap token by law enforcement, exposes bad actors, but falling for similar schemes led by scammers can lead to major losses
NexFundAI, introduced by the US FBI in May 2024, is an Ethereum-based crypto token created as part of a covert sting operation, Operation Token Mirrors.
The NexFundAI token was designed to act as bait, targeting individuals and organizations engaged in fraudulent cryptocurrency activities, particularly pump-and-dump schemes. In these scams, manipulators artificially inflate a token’s value, attracting unsuspecting investors, only to dump their holdings once the price peaks, leaving investors with losses.
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Author: Bradley Peak
