Summary:
- The FBI has created a fake cryptocurrency called "AltCoin" to lure and track cybercriminals involved in money laundering and other illicit activities.
- The FBI used the fake cryptocurrency to infiltrate criminal networks and gather intelligence on their operations, leading to several arrests and the seizure of millions in illicit funds.
- The use of this tactic highlights the FBI's efforts to stay ahead of cybercriminals and leverage emerging technologies to disrupt their activities and protect the public.