You can’t spell ‘crypto’ without ‘C-R-Y’

October 11, 2024

You can’t spell “crypto” without “C-R-Y”: The FBI created a fake cryptocurrency to nail pump-and-dump fraudsters. That’s where they inflate a crypto’s price with phony trades, convince others to buy, then cash out before the crash. The FBI set up a slick website, and shady companies took the bait. Now, 18 people and companies face fraud and market manipulation charges. But there are thousands more out there.