An article on VOX, the website of the European-based Centre for Economic Policy Research, and published on 9th January says that the surge of interest in cryptocurrencies has been accompanied by a proliferation of fraud, largely in the form of “pump and dump” schemes. The article provides the first measure of the scope of such schemes across cryptocurrencies. Research results suggest that the phenomenon is widespread and often quite profitable, and highlight the need for concerted efforts from industry and regulators to fight cryptocurrency price manipulation.
https://voxeu.org/article/economics-cryptocurrency-pump-and-dump-schemes
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