Saturday, October 1

ASIC Reveals How It Infiltrated Telegram’s “Pump And Dump” Cryptocurrency Pools By CoinTelegraph

© Reuters. ASIC reveals how it infiltrated Telegram’s “pump and dump” cryptocurrency pools

The Australian Securities and Investments Commission (ASIC) has revealed the details of how Telegram’s “pump and dump” cryptocurrency pools were dismantled in October.

A “pump and dump” scheme typically involves the use of social media to coordinate users to buy large amounts of a poorly traded token to artificially inflate its price. They then make massive profits after other investors, who are not related to the scheme, buy the coin by FOMO.

  • Korean government calls on Apple (NASDAQ 🙂 and Google (NASDAQ 🙂 stores to withdraw play-to-earn games

The new documents reveal that the ASIC has been receiving advice from finance academic and cryptocurrency researcher Talis Putnins since early October.

Read the full article on Cointelegraph

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave a Reply

Your email address will not be published.