4 ms·
Pump and dumps are illegal.
by werdnapk 4y ago
Pump and dumps are illegal.
- jaimehrubiks 4y agoThis. Some people don't seem to understand. Which could be explained by the lack of enforcement, not sure. How many of them have been prosecuted? Maybe only a few biggest players that didn't hide themselves
- the_biot 4y agoPump and dumps of securities are illegal. I can only assume the SEC doesn't consider cryptocurrencies securities, or Elon Musk wouldn't have gotten away with his utterly blatant bitcoin pump and dump. He did it in public on twitter, using a pubicly listed company's money. Do what he did with a stock, and you're toast.
- ChrisLomont 4y agoThere is still good old fraud, which is what the Feds indicted John McAfee over for pump and dump of crypto. https://arstechnica.com/tech-policy/2021/03/feds-indict-john-mcafee-for-cryptocurrency-pump-and-dump-fraud/ https://arstechnica.com/tech-policy/2021/03/feds-indict-john...