The practice is unethical, yet not illegal per the SEC. Cryptocurrency scammers have found a way to make a quick profit through social media platforms like Twitter and Telegram, using the pump and dump method. In short: they buy coins when the price is low, team up to create the buzz and get the price of this coin to rise, then sell theirs for a profit.
from News on Artificial Intelligence and Machine Learning https://ift.tt/aK2E9Pr
Home
machine-learning-ai-news
News on Artificial Intelligence and Machine Learning
Tracking crypto pump-and-dump operations on social media
- Blogger Comment
- Facebook Comment
Subscribe to:
Post Comments
(
Atom
)
0 comments:
Post a Comment