Cryptocurrency Fraud Is the Exception Not the Rule

Cryptocurrency Fraud Is the Exception, Not the Rule

Cryptocurrency and blockchain are revolutionary technologies, but being so far ahead of the curve comes with consequences. With few precedents to learn from and regulatory frameworks still in their infancy, the crypto space has attracted its share of shrewd opportunists whose scams — such as the infamous pump-and-dump schemes — have grabbed international headlines.

Tech giants like Facebook and Google recently placed a ban on crypto ads to combat the spread of shady coin offerings, and U.S. regulators like the Commodity Futures Trading Commission and the Securities and Exchange Commission are investigating cryptocurrencies for price manipulation and other forms of fraud.

Pump-and-dump schemes aren’t new — nor are they limited to the cryptocurrency space (just ask Jordan Belfort). That said,...


Cryptocurrency Fraud Is the Exception, Not the Rule | Photos as Web Content

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