- Pump-and-dump schemes dominate crypto markets, driven by 438 manipulative masterminds
- Telegram’s ease of communication fuels the rise of crypto manipulations
- Advanced tools like Perseus expose crypto scammers, but regulation remains essential
As cybersecurity faces challenges with common internet scams like phishing, advanced fee fraud, and fake lotteries, cryptocurrency pump-and-dump schemes have emerged as a significant issue.
A recent study from researchers at University College London revealed just 438 masterminds are responsible for the majority of pump-and-dump crypto schemes worldwide.
These masterminds manipulate crypto coins by inflating prices through misleading hype, selling them once enough buyers are lured, collectively…
