Cryptocurrency Q&A
What is the DOJ doing about cryptocurrency fraud?
What is the DOJ doing about cryptocurrency fraud?
BlockProducer
Thu Nov 14 2024
|
7 answers
1448
I want to know what actions or measures the Department of Justice is taking to address fraud related to cryptocurrency.
7 answers
KpopStarletShineBrightness
Sat Nov 16 2024
These cases often involve schemes that prey on retail investors' fears of missing out on cryptocurrency gains.
Was this helpful?
95
65
CryptoPioneer
Sat Nov 16 2024
One such scheme is the Ponzi scheme, where investors are promised high returns but are instead paid with the money from new investors.
Was this helpful?
290
52
Silvia
Sat Nov 16 2024
Another common scheme is the "pump and dump," where individuals artificially inflate the price of a cryptocurrency and then sell their own holdings at the peak.
Was this helpful?
52
67
EmmaWatson
Sat Nov 16 2024
The Department of Justice (DOJ) has been actively prosecuting exchanges involved in fraudulent activities.
Was this helpful?
207
27
CherryBlossomGrace
Sat Nov 16 2024
The DOJ has taken a growing interest in these schemes, recognizing the potential harm they can cause to retail investors.
Was this helpful?
210
38
Load 5 more related questions
