Cyber Forensic Specialist
Cyber-Forensics.net
Pump and dump is a scamming technique where fake coin promoters spread misleading info to inflate the price of a specific digital crypto coin and then run away.
— Timothy Benson
SOFIA, BULGARIA, April 25, 2022 /EINPresswire.com/ — In the past, scammers relied on cold calls to sell fake products and target innocent people. But today, the internet has offered a cheaper and easier method to reach a considerable number of potential targets within a blink.
This is precisely what attentive investors and financial organizations noticed in the form of a pump and dump scam that swindled billions from people last year.
When investigations commenced, Cyber-Forensics.net, a cyber forensics service for online scam victims, discovered how several groups of fake promoters enticed unsuspecting investors into purchasing their fake company’s shares.
The information that surfaced then explained that these few groups somehow created the hype around their fake projects:
How Does a Pump and Dump Scam Work?
The defrauding tactic involves boosting the price of a digital asset like a coin or stock based on false information. According to cryptocurrency experts, the favored medium of…
