How to Avoid Crypto 'Pump and Dump' Scams

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The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are both warning about emerging digital currency scams. Below are a few ways to protect yourself;

  • Find multiple sources about the coin or token, especially if you heard about it on social media.
  • Tread lightly with ads that promise quick wealth. Research thoroughly any virtual currency, digital coins and all ICO's to separate hype from facts.
  • Remember that there is no such thing as a guaranteed investment. Beware of 'no risk' investments.
  • Contact the CFTC at (866) 366-2382 or visit CFTC.gov if you believe you have been a victim of fraud.

Source: Forbes

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most people dont bother to read from multiple sources. la la land ;]

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