Pump-and-dump schemes (P&Ds) are pervasive in the cryptocurrency market. We find that P&Ds lead to short-term bubbles featuring dramatic increases in prdoi:10.2139/ssrn.3267041Li, TaoShin, DonghwaWang, BaolianSocial Science Electronic Publishing...
How Do Pump-and-Dump Schemes Work? According to the Journal, cryptopump-and-dumpschemes operate in a fashion reminiscent of the early days of the stock market. During that time, a group of traders wreaked havoc in the markets bymanipulating pricesthrough purchasing in groups. A similar dynamic...
Crypto Pump And Dump Schemes Harder To Stop Pump-and-dump schemes are still alive and kicking in the equities market, with the Securities and Exchange Commission regularly going after the bad guys. The same can’t be said of cryptocurrency markets, since they are unregulated and anonymous. This...
We quantify the scope of cryptocurrency pump and dump schemes on Discord and Telegram, two popular group-messaging platforms. We joined all relevant Telegram and Discord groups/channels and identified thousands of different pumps. Our findings provide the first measure of the scope of such pumps and...
"You don't have to know how to write a line of code," he said of the pump and dump schemes. The Telegram groups churn out messages that tap into the sense of grievance at the heart of the crypto-economy—the feeling that mainstream economic institutions have failed young people. ...
The surge of interest in cryptocurrencies has been accompanied by a proliferation of fraud. This paper examines pump and dump schemes. The recent explosion of nHamrick, JTRouhi, FarhangMukherjee, ArghyaFeder, AmirGandal, NeilMoore, TylerVasek, MarieSocial Science Electronic Publishing...
Still, Huegerich's lawyers allege EMAX amounted to a "pump and dump scam," with celebrities used to promote the token to inflate its price, after which Gentile and Perone dumped their holdings. EMAX launched last May with an initial trading volume of $16.1 million, according to data from...
(AI), attackers are finding new ways to deceive the cryptocurrency market. Attackers can use AI chatbots to engage with users, providing advice and promoting fake tokens. Chatbots are programed to tell investors about high-yield investment opportunities that turn into pump-and-dump schemes to ...
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Imperial scientists have created an algorithm to predict when specific cryptocoins are at risk of 'pump-and-dump' schemes.