24% of Last Year's Cryptocurrency Tokens Involved In Pump-And-Dump Fraud
Approximately one-quarter, or 24%, of cryptocurrency tokens launched in 2022 showed indications of being involved in pump-and-dump fraud, according to Chainalysis.
This type of fraud, which is prevalent in traditional finance, is executed when scammers promote stocks they own to other investors, causing the price to skyrocket.
