Gov bounty for finding pump and dump schemes

CFTC stepping up their game.

"If you have original information that leads to a successful enforcement action that leads to monetary sanctions of $1 million or more, you could be eligible for a monetary award of between 10 percent and 30 percent."

http://www.cftc.gov/idc/groups/publ...uments/file/customeradvisory_pumpdump0218.pdf

Good this will eliminate all shitcoins

Viniyois said:

cool. gonna report every single cpa offer lol

Click to expand...

How are CPA offers pump and dump? Or you didn't bother reading the link?

aadelmalik said:

How are CPA offers pump and dump? Or you didn't bother reading the link?

Click to expand...

I didn't. my bad. been retard today

How do people not realize these things are risky. It's like gambling.
The money doesn't just magically appear, some win and some lose.

People join, lose money and then complain thinking they're scammed without even knowing how it actually works.

"In addition, some of the coin exchanges
are taking measures to identify and block accounts that participate in pump-
and-dump activities"

If the above is true many people will be banned for no reason, because they happened to be trading what was getting pumped. All of this feels like a scare tactic

How are they going to track down the "Pump & Dump" groups? There are hundreds of pump groups on Telegram and Discord. Everything is kept anonymous and encrypted. None of the users really know each other. They just receive a coin name on a certain exchange, at a certain time, and everyone buys together to pump the price and hold for 5 mins, prior to dumping.