Tag: Scam
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Crypto Pump and Dump: How It Works, Who’s Behind It, and How can you protect yourself
What is a Pump and Dump in crypto? A pump and dump is a market manipulation scheme where the price of a cryptocurrency is artificially inflated. Promoters use hype, false news, and coordinated buying to push the price higher. Once enough retail investors buy in, the manipulators sell off their holdings, crashing the price. Those…
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Elon Musk Deep Fakes scam crypto users
A recently deleted livestream deceived viewers into depositing Bitcoin, Ethereum, and Dogecoin on a fake website. The five-hour stream, which had more than 30,000 viewers at its peak, featured semi-pixelated videos of Elon Musk. In one segment, Musk appeared to be hosting a live event for Tesla. This incident is part of a series of…