this post was submitted on 12 Oct 2024
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[–] protist@mander.xyz 207 points 1 year ago (7 children)

NexFundAI, as per information on the website, was marketed as redefining the "intersection between finance and artificial intelligence" and that its aim was to "create a cryptocurrency token that not only serves as a secure store of value but also acts as a catalyst for positive change in the world of AI."

Dude...hook, line, and sinker. FBI knows their target audience lol

[–] shortwavesurfer@lemmy.zip 73 points 1 year ago

They just peeled off some of the low-hanging fruit. That's all.

[–] TheBat@lemmy.world 58 points 1 year ago (1 children)
[–] SpaceCowboy@lemmy.ca 5 points 1 year ago

I had "AI native" on my bingo card and they missed that one. Maybe it'll come up on the next turn.

[–] ayyy@sh.itjust.works 15 points 1 year ago

Someone got paid by Uncle Sam to make this and I’m extremely envious.

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[–] macattack@lemmy.world 59 points 1 year ago (1 children)
[–] Zozano@lemy.lol 41 points 1 year ago (3 children)

COX: Drug traffickers love gizmos. They love gadgets. And if they have something like, ooh, the app is hidden behind a calculator, they think that's amazing, and they want to buy it.

TIL drug traffickers have the mindset of a teenage boy looking for ways to hide porn.

[–] interdimensionalmeme@lemmy.ml 10 points 1 year ago

They're like regular people who don't know our entire tech stack is fully sodomized by glowies. Basically every electronic object in your house is permasnitching your business to the state should and their vampite friends

[–] technocrit@lemmy.dbzer0.com 3 points 1 year ago

Yeah I just assume everything that I own is completely hacked already.

[–] UnderpantsWeevil@lemmy.world 3 points 1 year ago

For every teenage boy you catch looking at porn, there are a hundred you missed.

[–] Supervisor194@lemmy.world 51 points 1 year ago (5 children)

Now if only they could do the same with the stock market. But the conspiracy theorist in me believes that all this manipulation is being done hand in hand with certain arms of the government in order to maintain the government's appearance of solvency and to control inflation in the face of what appears to be nearly unlimited spending. Just keep moving around fake money using a million different utterly opaque methods.

[–] JPAKx4@lemmy.blahaj.zone 21 points 1 year ago (1 children)

They can't put all of congress in jail!

[–] rc__buggy@sh.itjust.works 14 points 1 year ago

They can if enough of us are willing to help

[–] interdimensionalmeme@lemmy.ml 2 points 1 year ago

Don't steal the government does not tolerate competition

That's the SEC's domain, and I'm sure the FBI helps with catching insider trading and whatnot as well.

[–] SpaceCowboy@lemmy.ca 2 points 1 year ago

People get convicted of fraud charges all the time. Archegos being probably the biggest non-Trump non-Crypto related cases of late.

It's just that if it's a fraud conviction that's not related to either Trump or crypto (and maybe soon Trump will be convicted of crypto related fraud!) it's not big news.

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[–] Cocodapuf@lemmy.world 45 points 1 year ago (6 children)

Haha, I'll give you 100 CocoCoins if you can define what makes a cryptocurrency "fake" rather than real.

This headline should probably say "FBI create a cryptocurrency to expose..."

That said there are only a few cryptocurrencies I would call worthy of note or respect.

[–] UnderpantsWeevil@lemmy.world 13 points 1 year ago (1 children)

there are only a few cryptocurrencies I would call worthy of note or respect.

The difference between a theist and an atheist is believing in one fewer God.

[–] rambling_lunatic@sh.itjust.works 8 points 1 year ago (1 children)

Polytheists are theists too

[–] JasonDJ@lemmy.zip 2 points 1 year ago (2 children)

Holy Trinity is basically tritheism.

[–] ours@lemmy.world 2 points 1 year ago

It's complicated. They are three but they are one according to their dogma.

For me it's a bullshit threshold: if you swallow this paradox, you'll be ready to accept more.

[–] Bytemeister@lemmy.world 2 points 1 year ago

The difference between atheist and theist is the belief in N fewer gods, where N is the number of gods the theist believes in.

[–] InFerNo@lemmy.ml 3 points 1 year ago

DOGE and..?

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[–] Podunk@lemmy.world 36 points 1 year ago

Lol at all the people deleting their comments or getting downvoted heavily. You are the target audience. This is either a warning to get your shit straight or nuke your hard drive. Dealers choice... Take a hint boys.

[–] itsathursday@lemmy.world 32 points 1 year ago (2 children)

Now do the real securities market!

[–] Agent641@lemmy.world 9 points 1 year ago

And upset their bosses?

[–] interdimensionalmeme@lemmy.ml 6 points 1 year ago

That's above their pay grade

[–] mightyfoolish@lemmy.world 24 points 1 year ago (1 children)

NexFundAI, as per information on the website, was marketed as redefining the "intersection between finance and artificial intelligence" and that its aim was to "create a cryptocurrency token that not only serves as a secure store of value but also acts as a catalyst for positive change in the world of AI."

Even though it's not obvious it was a government run "scam"/operation this website screams scam.

[–] Vilian@lemmy.ca 29 points 1 year ago (2 children)

Every cryptocurrency website scream scam

[–] ours@lemmy.world 2 points 1 year ago

Just like the "Nigerian prince scams". Yes, they are obviously a scam to most of us. But to the few ignorant/naive people who don't, they're the victims worth pursuing by the scammers. We are not the audience.

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[–] Psythik@lemmy.world 11 points 1 year ago* (last edited 1 year ago)

I'm glad it's just a bunch of rich assholes who went down, and not* people only doing this to survive. They get what they fucking deserve.

[–] 01011@monero.town 9 points 1 year ago (1 children)

Focus on cryptocurrency but ignore the blatant connivance on Wall Street. Sounds about right.

[–] rbesfe@lemmy.ca 4 points 1 year ago

Wash trading is also illegal on wall street

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