Authorities Target First Crypto Pump-and-Dump Under New South Korean Law

South Korea has cracked down on a pump-and-dump scheme, accusing a suspect of rapid price manipulation under the country’s new crypto regulatory framework. New Crypto Law in Action: Suspect Accused of Rapid Price Manipulation South Korea’s Financial Services Commission (FSC) and Financial Supervisory Service (FSS) announced on Thursday that they have reported an individual suspected … Read more

Gen Z Trader’s $30K Heist Backfires as Crypto Community Rallies Token to $56M Market Cap

A young trader pulled off a pump-and-dump scheme on the coin called QUANT token, but the crypto community countered by rallying the token’s price. Trader Live Streams Token Dump A pump-and-dump coin created by an unidentified young trader saw its market capitalization continue to surge hours after he dumped his holdings on unsuspecting users. Although … Read more

FBI Creates Crypto Token to Expose Fraud — Seizes $25M in Cryptocurrency, Charges 18

Eighteen individuals and entities have been charged with fraud and market manipulation in the cryptocurrency industry. The charges involve deceptive practices such as wash trading and pump-and-dump schemes that inflated token prices, resulting in the seizure of $25 million in cryptocurrency. As part of “Operation Token Mirrors,” the Federal Bureau of Investigation (FBI) created a … Read more