Crypto pump and dump

Crypto investors spent $4.6B buying ‘pump and dump’ tokens last year

February 17, 2023 by DIGIT

Nearly 10,000 tokens launched on BNB and Ethereum last year are suspected to have been created just to dump on investors, according to Chainalysis. Go to Source Powered by WPeMatico

SEC Charges 2 Firms and 4 Individuals in Crypto Pump-and-Dump Scheme

October 1, 2022 by DIGIT

The U.S. Securities and Exchange Commission (SEC) has taken action against two firms and four individuals allegedly perpetrating a crypto pump-and-dump scheme. “Although this case involves crypto assets, it bears the hallmarks of a classic pump and dump scheme,” said the SEC. SEC Charges 2 Firms in Crypto Pump-and-Dump Case The U.S. Securities and Exchange … Read more

ASIC targets pump and dump Telegram groups

October 15, 2021 by DIGIT

“Coordinated pumping of shares for profits can be illegal. We can see all trades and have access to trader identities,” said ASIC in a message to the ASX Pump Organization on Telegram. Go to Source Powered by WPeMatico