How to Spot Crypto Pump-and-Dump Schemes
Digital assets are a frontier, and so it’s no surprise that they draw their share of outlaws.
When this story is shared on social media, inevitably a series of automated accounts, run by bots, will respond, share and retweet it to their followers, and in doing so, advertise a number of projects. While some of those projects will certainly be above-board with varying prospects for success, others will be fraud or scams.
But according to Adam Carlton, CEO of Pink Panda, a utility token for an intricately designed digital wallet, there’s one common scam that becomes very easy to recognize once we learn the signs: the pump-and-dump scheme.
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