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

The Boston Division of the Federal Bureau of Investigation (FBI) of the United States is calling on individuals who may have been affected by cryptocurrency scams to actively participate in the ongoing investigation. The bureau explained that the leaders of four cryptocurrency companies and four market makers are facing charges related to fraudulent practices and market manipulation. These individuals conducted "wash trading" by coordinating transactions to create false trading volume, mislead investors, and artificially drive up cryptocurrency prices. The scheme targeted several cryptocurrencies, including Saitama, Saitarealty, Saitachain, Robo Inu, VZZN, Lillian Finance, and Nexfund AI. The FBI said: "If you purchased or sold any of the above cryptocurrencies, or otherwise believe that you may have been affected by the alleged conduct, please contact us. The FBI's legal authority is to identify victims of federal crimes that it investigates. Victims may be eligible for certain services, compensation, and rights under federal and/or state law." (Bitcoin.com)