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Are crypto pump and dumps illegal?

Answers (1)

Arsalan Afzal
Jan 30, 2022 14:59:38

Crypto pump and dumps are not illegal, but they are often associated with fraud. For example, a trader might artificially inflate the price of a cryptocurrency by buying up large quantities of it, then sell off their holdings at a higher price. This can encourage other investors to buy in at the inflated price, only to see the value crash shortly afterwards.

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