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  • 11 Oct 24

New facts about the massacre of crypto in the U.S.

In the U.S. there are systematic attacks by government agencies of various crypto-startups, here is a breakdown of individual cases.

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nfteu
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There is a stream of news about punitive actions of Western states in the field of cryptosphere, at that with some unhealthy flavor. Following are some selected facts of this.


The FBI created its own token on Ethereum called «The NexFundAI Token» and enlisted companies in what was then labeled as alleged «illegal manipulation» — resulting in four crypto companies and 14 individuals being indicted.


The scheme is pretty surprising in general — it turns out the feds are selling shitcoins there themselves. All buyers of exotic altcoins can be advised to somehow be wary of this situation, so as not to suddenly become a criminal from the point of view of the United States.


By the way, the popular slang crypto term «to shill» (to shill) is just about this — to promote some tokens with a deceptive, hidden meaning. Only it was applied to scammers, but now we are actually talking about government agencies.


Also, an interesting fresh figure has surfaced — American regulators have seized $32 billion from cryptocurrency companies. The figure kind of complements the previous material, showing that «people are working». Which again makes those in the US jurisdiction at least wary.


And finally, a rather dangerous trend in the stablecoin market. Tether today froze another 13,700,000 USDT at an unknown address. Characteristically, USDT blocking is not only becoming the norm, but there is some progress — there are more and more blockings and they happen more often.


Let us express our opinion — at least big players holding their reserves in USDT should make their conclusions looking at this trend. If things continue like this, there may be a reputational crisis in this market, which means that quite large reserves of actually digitized fiat will start to flow into the only possible alternative — large cryptos like BTC or ETH. Let everyone draw their own conclusions from this.

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