"Pump-and-Dump Schemes Make Crypto Fraudsters $240m"
"Pump-and-Dump Schemes Make Crypto Fraudsters $240m"
According to security researchers at Chainalysis, market manipulators may have made over $240m last year by artificially inflating the value of Ethereum tokens. Chainalysis investigated the 370,000 tokens launched on Ethereum between January and December 2023, 168,600 of which were available to trade on at least one decentralized exchange (DEX).