Filippo
Sat Jul 06 2024
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6 answers
1315
How to run a cryptocurrency pump and dump?
Could you elaborate on the unethical and potentially illegal practice of a "cryptocurrency pump and dump"? I've heard whispers of this strategy in crypto circles, but I'm unsure of the specifics. Isn't it simply buying a large amount of a cryptocurrency to artificially inflate its price, then selling it off quickly to profit from the sudden spike? How does one execute such a scheme without raising suspicions or violating regulations? Surely, there must be sophisticated methods involved to evade detection and avoid legal consequences.
