A pump-and-dump is an investment scheme that involves inflating the price of a penny stock or meme coin. Is TRUMP Coin an example?
An anti-dumping policy is designed to safeguard crypto investors from pump-and-dump schemes. The term “anti-dumping policy” refers to actions taken by project developers, communities or exchanges to prevent financial fraud where scammers sell their crypto when the price reaches a certain level t...
The most popular cryptocurrency is Bitcoin, and it’s a fungible token. When something is fungible, it can be exchanged for something similar or equal to it in value. 1 BTC is equivalent to every other Bitcoin. But 1 NFT isn’t equal to every other NFT - different NFTs have different v...
As of now, there's no real concrete ruling that GameStop is a classic case of a pump and dump scam. With GameStop, many retail investors, especially those tuned into the WallStreetBets subreddit, say they bought up the company's stock because they wanted to squeeze hedge funds tha...
To avoid falling for phishing scams, it's crucial to verify the authenticity of websites and double-check the URLs before entering any personal information or making transactions. Keeping keys private is an important way to avoid NFT cons. Counterfeit NFTs. Counterfeit NFTs involve scammers ...
Pump and dump, rug pull, and exit scamSometimes abbreviated as P&D, pump and dump is a scam where a scammer invests in something that makes them money and then "pumps" it up by discussing its potential. Once the scammer has made a lot of money from everyone else investing their money,...
While airdrops can be exciting, they’re not without their downsides. There are several risks and challenges that both users and projects face. Security risks One of the biggest risks with airdrops issecurity.Scammersoften create fake airdrops to steal users’ funds, private keys, or persona...
What It Means If $TRUMP is a Scam If Trump’s accounts were hacked, this could go down as one of the most sophisticated scams in crypto history. A scam of this magnitude would likely lead to calls for stricter regulations around crypto and heightened scrutiny of high-profile accounts. ...
Rug pulls can be considered either hard or soft. A hard rug pull is when a developer has no intention of ever completing a project and intends to scam investors from the start, such as “hardwiring” a project’s code to leave an avenue open for theft. In contrast, a soft rug pull ...
Fraudulent crypto markets: Memecoins such as Dogecoin and Shiba Inu as well as crypto in general are prone to “pump and dump” schemes and fraud, as scammers race to take advantage of the greed of traders. Dependence on Solana: Bonk depends on the Solana cryptocurrency, so its success i...