Cryptocurrencies have been labeled the most volatile asset class in history, and for that reason, many of the monitoring services employed by traditional stock exchanges to ferret out price manipulation or pump-and-dump schemes just do not work in the crypto world. Jay Clayton, the chairman of the SEC, has continually castigated exchanges in the crypto…
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The Securities Commission Malaysia (SC) has issued a warning to investors over the increase use of blogs, forums and social media platforms to spread false and misleading information on certain companies in order to perpetrate ‘pump and dump’ schemes. Perpetrators would accumulate shares at lower prices before posting positive sentiments about the companies, with the…
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The Commodity Futures Trading Commission (CFTC) has issued a Customer Protection Advisory that warns customers to beware of and avoid pump-and-dump schemes that can occur in thinly traded or new “alternative” virtual currencies, digital coins or tokens. As with many online frauds, this type of scam is not new - it simply deploys an emerging…
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