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Podcast: Leviathan News
Episode: The FBI rugged a memecoin
Description: Sam is back with a bombshell from the crypto and DeFi world. Accompanied by Alex Golubitsky, they explore a FBI sting operation that unveiled fraudulent activities among crypto market makers. The FBI's creation of a fake token, NextFund AI, led to charges against 15 individuals and major firms: Gotbit, ZM Quant, and CLS Global, highlighting rampant wash trading practices. The episode dives deep into the tactics used to inflate token volumes, the broader regulatory implications, and strategies to legally protect your crypto investments.
00:00 Introduction and Welcome
00:58 Breaking Down the FBI Sting Operation
04:11 Understanding Market Making in Crypto
04:48 The Dark Side...