Crypto pump and dump schemes

in LeoFinance2 years ago

So during early hours of this day , I was reading news about some firms and people who were arrested for their involvement in a crypto pump and dump scheme..

You can read the news here

There are so many scammers who now engage in various crypto pump and dump schemes and use it to scam alot of people who thinks they are investing into a good project that will give them massive profit..

That is why an investor must always be careful before making any investment on a project, they must do their research before investing with any firm no matter how huge the returns the firm is promising , some these pump and dump scammers tend to lure people in by making very huge promises that the investor will earn a massive profit on any type of investment they make with them..

One will need to avoid greed in everyway possible because greed is one of the factors which would make an investor to easily fall into investing into scam projects , most of the scam projects are always making promises to investors that they will earn extra huge returns on their investment , greed would make the investor to easily fall for the scam..

So avoid greed if you do not want to fall into crypto pump and dump schemes , always do your research well before you invest with anybody or any firm..

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