Cryptocurrency Q&A What is a crypto pump-and-dump scam?

What is a crypto pump-and-dump scam?

CryptoQueenGuard CryptoQueenGuard Wed Aug 28 2024 | 0 answers 0
Excuse me, could you please explain what exactly is a crypto pump-and-dump scam? I've heard about it in the context of cryptocurrency trading but I'm not entirely sure how it works. Could you elaborate on the mechanics of such a scam and what investors should be wary of? I'm particularly interested in understanding how the perpetrators coordinate their actions and how they manipulate the market to their advantage. What is a crypto pump-and-dump scam?

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