4mo ago

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

www.techspot.com FBI creates fake cryptocurrency in sting operation to catch pump-and-dump market manipulators

The Federal Bureau of Investigation created its own cryptocurrency token as part of an operation to catch fraudsters in the crypto market. The sting, dubbed Operation Token...

cross-posted from: https://lemmy.today/post/17506951

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4mo ago

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

www.techspot.com /news/105096-fbi-creates-fake-cryptocurrency-sting-operation-catch-market.html

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13 comments

They are catching scams by running their own scam?
- The FBI loooooves themselves some honeypots.
  Why go catch criminals when you can set up some links/a token/whatever and they'll come running to you and do the incriminating part themselves AND leave the logs of said activity in your possession?
  Much simpler!
  
  Wouldn't that be entrapment though?
  
  To add more detail to the other reply, it's only entrapment if they coerce you into doing something you wouldn't have otherwise done.
  A cop comes up to you and goes 'bro, lets go steal that car!' would probably be entrapment.
  Cops putting a car on a street waiting for someone to steal it wouldn't be.
  
  But this would be like a car that has the keys in the ignition and a sign making you aware of that fact.
  
  Even that wouldn't be entrapment
  
  I mean, that's basically what a trap car is, and those have been litigated to the point it's very clear that it's not entrapment and totally allowed.
  I mean you have to be kind of stupid to see an expensive car sitting there with the keys in the ignition and go 'BRO! New ride!', but 'stupid' isn't a criminal defense (so far anyways) and nobody MAKES them get in the car, start it, and drive off.
  
  Thats the point. A stand up citizen wouldnt even care. they may notice a easily stealable item but will just walk by.
  
  no, because they only provided the opportunity
  
  Generally not. Entrapment is very specific, and leaving you the option of doing something illegal without pushing you to do it is decidedly not entrapment.

13 comments