We all need to be aware of PUMP & DUMP schemes.
My YouTube channel was hacked on Aug 7 by these crooks. The following is excerpted from the Harvard Business School Aug 25, 2025 newsletter.
Is cryptocurrency the new frontier for Ponzi schemes?
In a pump and dump, an investment is touted by people who get the price to rise quickly, and then the promoters sell large amounts of their holdings at a profit causing the price to plummet. Many of the crypto offerings clearly are too volatile to be an effective store of value or an effective means of exchange. Yet, you see their values dramatically rising and falling based on touting. This doesn’t look all that different in some instances from what pump and dumps looks like in stock market.
Jane
We all need to be aware of PUMP & DUMP schemes. My YouTube channel was hacked on Aug 7 by these crooks. The following is excerpted from the Harvard Business School Aug 25, 2025 newsletter.
Is cryptocurrency the new frontier for Ponzi schemes?
In a pump and dump, an investment is touted by people who get the price to rise quickly, and then the promoters sell large amounts of their holdings at a profit causing the price to plummet. Many of the crypto offerings clearly are too volatile to be an effective store of value or an effective means of exchange. Yet, you see their values dramatically rising and falling based on touting. This doesn’t look all that different in some instances from what pump and dumps looks like in stock market.
3 months ago | [YT] | 33