@Ju1882 14 August 2020

Cryptocurrency markets remain a scammers paradise, according to new research. University of Technology Sydney and the Stockholm School of Economics in Riga found boiler room-style scams are rife and generate millions of dollars of suspicious trading volume each month. Researchers found 355 incidents of price manipulation across several cryptocurrency exchanges over a period of just seven months. $350m (£267m) of suspicious trading activity was linked to “pump and dump” scams that reaped an estimated profit of $6m for organisers.