FBI creates fake cryptocurrency in sting operation to catch pump-and-dump market manipulators

AmbiguousProps@lemmy.today to Technology@lemmy.world – 390 points –
FBI creates fake cryptocurrency in sting operation to catch pump-and-dump market manipulators
techspot.com
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Wtaf is going on in the US lately.

Looking at breaking up Google

Going after Visa for monopolizing debit markets

TD slapped with a penalty worth more than the crime (for the first time ever?)

Going after market manipulators

I've never seen the law applied to the wealthy in a way that might actually influence future behaviour (and not for the worst??!)

There were rumors that the wealthy wanted Biden out back when people started calling for him to quit. It seems like it probably all traces back to Lina Khan being head of the FTC.

I'd say that I hope nothing changes, but I honestly hope it escalates significantly. I'm so exhausted about hearing how companies are fucking us over every day.

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