February 16, 2018 BY Valentina Kirilova
CFTC warns against pump-and-dump virtual currency schemes
The Commodity Futures Trading Commission (CFTC) has issued a Customer Protection Advisory that warns customers to beware of and avoid pump-and-dump schemes that can occur in thinly traded or new “alternative” virtual currencies, digital coins or tokens. As with many online frauds, this type of scam is not new - it simply deploys an emerging…
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