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Pump, Dump, and then What? The Long-Term Impact of Cryptocurrency Pump-and-Dump Schemes. (arXiv:2309.06608v1 [cs.CR])
cs.CR updates on arXiv.org arxiv.org
The pump and dump scheme is a form of market manipulation attack in which
coordinated actors drive up the price of an asset in order to sell at a higher
price. Due in part to a lack of enforcement, these schemes are widespread
within the cryptocurrency marketplace, but the negative impact of these events
on the coins they target is not yet fully understood. Drawing upon a novel
dataset of pump events extracted from Telegram channels, an order of magnitude …
asset attack coordinated cryptocurrency drive enforcement higher impact manipulation market market manipulation order pump-and-dump sell