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AmbiguousProps@lemmy.today to Technology@lemmy.worldEnglish · 7 months ago

FBI creates fake cryptocurrency in sting operation to catch pump-and-dump market manipulators

www.techspot.com

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FBI creates fake cryptocurrency in sting operation to catch pump-and-dump market manipulators

www.techspot.com

AmbiguousProps@lemmy.today to Technology@lemmy.worldEnglish · 7 months ago
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The Federal Bureau of Investigation created its own cryptocurrency token as part of an operation to catch fraudsters in the crypto market. The sting, dubbed Operation Token...
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  • ChocoboRocket@lemmy.world
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    7 months ago

    Wtaf is going on in the US lately.

    Looking at breaking up Google

    Going after Visa for monopolizing debit markets

    TD slapped with a penalty worth more than the crime (for the first time ever?)

    Going after market manipulators

    I’ve never seen the law applied to the wealthy in a way that might actually influence future behaviour (and not for the worst??!)

    • abrinael@lemmy.world
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      7 months ago

      There were rumors that the wealthy wanted Biden out back when people started calling for him to quit. It seems like it probably all traces back to Lina Khan being head of the FTC.

    • TommySoda@lemmy.world
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      7 months ago

      I’d say that I hope nothing changes, but I honestly hope it escalates significantly. I’m so exhausted about hearing how companies are fucking us over every day.

      • vaultdweller013@sh.itjust.works
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        7 months ago

        I really hope this evolves into a Rooseveltian trust busting era.

    • JoYo@lemmy.ml
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      7 months ago

      biden has my vote

      • roofuskit@lemmy.world
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        7 months ago

        God I hope not. Considering he’s not a presidential candidate.

        • JoYo@lemmy.ml
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          7 months ago

          I donno, im still wearing my dark brandon tee.

          • Knock_Knock_Lemmy_In@lemmy.world
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            7 months ago

            What day is laundry day?

            • surewhynotlem@lemmy.world
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              7 months ago

              August 7, 2028

    • shalafi@lemmy.world
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      7 months ago

      This interview should clear things up. I have no idea why this woman hasn’t been assassinated.

      https://www.youtube.com/watch?v=oaDTiWaYfcM

    • Evotech@lemmy.world
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      7 months ago

      deleted by creator

  • DrSleepless@lemmy.world
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    7 months ago

    Hope they catch Elon

    • helenslunch@feddit.nl
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      7 months ago

      deleted by creator

      • Knock_Knock_Lemmy_In@lemmy.world
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        7 months ago

        But isn’t he also $56B richer thanks to Tesla pay package?

        That doesn’t make me feel better all.

    • GrammarPolice@lemmy.world
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      7 months ago

      He’ll just dig himself out with the crypto money

  • themeatbridge@lemmy.world
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    7 months ago

    I’m binging White Collar at the moment, so I expected to read about some smooth-talking cryptobro and a weird little guy with glasses that happened to be there.

    • InfiniteGlitch@lemmy.dbzer0.com
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      7 months ago

      Man, I loved that show! Might even rewatch it. Caffrey, Mozzie and Burke are amazing.

      • pikmeir@lemmy.world
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        7 months ago

        Even had a decent ending. Bizarro Jerry was excellent too.

    • JaymesRS@literature.cafe
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      7 months ago

      We just finished binging it. Aside from Neil and Mozzie together being Masters of Everything, it really held up well imho.

      Looking forward to the reunion season.

      • Bricriu@lemmy.world
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        7 months ago

        Is there actually a plan for a reunion season? Or just that everything inevitably gets one?

        • JaymesRS@literature.cafe
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          7 months ago

          This guy seems to think so :)

          • conciselyverbose@sh.itjust.works
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            7 months ago

            Well I just learned Moz died :(

            No way I wouldn’t check it out though. There were some points in the middle where it felt like it fell off, but it ended strong.

  • JaymesRS@literature.cafe
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    7 months ago

    “Fake cryptocurrency”

    Phone call from the Department of Redundancy Department on line one…

    • shortwavesurfer@lemmy.zip
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      7 months ago

      Trust me, not all cryptocurrency is fake. A lot of it is, I will give you that, but there are some legitimately amazing projects in the space. Monero is striving to be completely anonymous digital cash and so far it’s doing a good job of it.

      • Fizz@lemmy.nz
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        You can tell Monero is good because the feds are getting it delisted everywhere they can

        • shortwavesurfer@lemmy.zip
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          And do you notice the Monero community? They celebrate when it is taken off of an exchange and they celebrate when people buy and sell physical items with it.

      • GrammarPolice@lemmy.world
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        Monero is the only cryptocurrency that i deal with and that’s only because of it’s privacy considerations.

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    7 months ago

    Has Spez been reached for comment?

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