FBI calls on crypto scam victims to participate in investigation of major market manipulation case

Odaily Planet Daily Report: The Federal Bureau of Investigation (FBI) Boston Division is calling on individuals who may have been affected by cryptocurrency fraud to actively participate in the ongoing investigation. The agency explained that the leaders of four cryptocurrency companies and four market makers are facing allegations related to fraudulent behavior and market manipulation. These individuals created artificial trading volume through coordinated transactions, misleading investors and artificially inflating the prices of cryptocurrencies, engaging in "wash trading." The scheme targeted several cryptocurrencies, including Saitama, Saitarealty, Saitachain, Robo Inu, VZZN, Lillian Finance, and Nexfund AI. The FBI stated: "If you have purchased or sold any of the aforementioned cryptocurrencies, or believe you may have been affected by the alleged conduct in any other way, please contact us. The FBI's legal authority is to identify victims of the federal crimes under investigation. Victims may be eligible for certain services, compensation, and rights provided by federal and/or state laws."