The US law enforcement's latest move is more wild than a movie. 😂😂😂

The FBI personally stepped in to write code, launching a worthless coin called NexFundAI on Ethereum, and even built a website and white paper.
Then they sent undercover agents to find well-known market makers in the industry, straightforwardly asking: "Can you help us fake trading volume?" The scene that followed was all classic.
Top market-making firms that support various air projects all fell into the trap. For example, Gotbit’s business director directly said in a video call that for just $200, their bot could help you artificially generate $1 million in daily trading volume within 6 hours.
Another company, MyTrade, was even more frank: “We need the candlestick charts to look like a beautiful roller coaster so retail investors rush in. We have to make them lose money to profit.”
All these recordings became evidence in court. Gotbit’s 26-year-old Russian founder was arrested in Portugal last year and extradited, sentenced to 8 months, and handed over $23 million in stablecoins. The company was directly ordered to be forcibly dissolved by the court.
The meme coin project Saitama, which once relied on their volume manipulation and had a market cap of $7.5 billion, was also completely uprooted.
Think that’s the end? Not at all.
By 2026, the FBI had changed its guise, using a new phishing coin called Lexobit to run the same process again, recently arresting 10 market maker executives across Singapore and other locations.
The IRS pulled on-chain data and found: these high-frequency trading bots were extremely arrogant, with 1,221 consecutive trades, 1,209 of which were just wash trades within dozens of wallets they controlled—99% of the trading volume was fake.
The most outrageous part came later. When the FBI was pulling liquidity during the crackdown, they discovered that because the market makers drew the candlestick charts so beautifully, some unsuspecting retail investors actually bought the government’s phishing coin.
As a result, the Americans had to urgently set up a “refund compensation website” to return money to the victims.
And within 24 hours of the Justice Department’s announcement, a ruthless person directly cloned the FBI’s smart contract code, issued an identical fake coin, and exploited this viral traffic to make a quick kill—siphoning off $127k in a single day.