FBI Launches NexFundAI Token on Ethereum to Combat SAITAMA Manipulation Scams

On October 10, COINOTAG reported insights from Lookonchain, revealing that the FBI has initiated a project named NexFundAI, launching its own token on the Ethereum blockchain. This initiative aims to tackle fraudulent activities and hold offenders accountable. Recent on-chain analytics indicate that a wallet involved in manipulating SAITAMA gained over $11 million through illicit trading practices. Specifically, this wallet transferred 0.01 ETH to the NexFundAI deployer while originally spending just $7,357 to acquire a staggering 875.8 trillion SAITAMA. The illicit trader subsequently liquidated 687.66 trillion SAITAMA, netting approximately $8.85 million, alongside depositing 737 trillion SAITAMA worth $2.75 million into a centralized exchange (CEX). Interestingly, throughout this trading pattern, the manipulator repurchased SAITAMA, expending merely $253,000, effectively realizing significant gains through market manipulation.