Crypto investors spent $4.6B buying ‘pump and dump’ tokens last year
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.
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SEC Charges 2 Firms and 4 Individuals in Crypto Pump-and-Dump Scheme
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…
ASIC targets pump and dump Telegram groups
“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…