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FBI created a crypto token so it could watch it being abused • The Register

⁨64⁩ ⁨likes⁩

Submitted ⁨⁨8⁩ ⁨months⁩ ago⁩ by ⁨sabreW4K3@lazysoci.al⁩ to ⁨technology@beehaw.org⁩

https://www.theregister.com/2024/10/11/fbi_nexfundai_crypto_fraud_sting/

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Comments

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  • jonne@infosec.pub ⁨8⁩ ⁨months⁩ ago

    Creating a whole new chain seems unnecessary since chains are just public ledgers anyway. It’s always been trivial to trace trades with most currencies.

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    • CosmicTurtle0@lemmy.dbzer0.com ⁨8⁩ ⁨months⁩ ago

      They probably wanted a completely virgin chain, one they had complete control over (socially anyway) so that they could see how it’s used and most importantly where the users come from.

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      • drwho@beehaw.org ⁨8⁩ ⁨months⁩ ago

        And study the techniques used for currency manipulation, fraud, and so forth.

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