Authorities Target First Crypto Pump-and-Dump Under New South Korean Law

January 17, 2025 Bitcoin.com

bitcoin.com

South Korea has cracked down on a pump-and-dump scheme, accusing a suspect of rapid price manipulation under the country’s new crypto regulatory framework. New Crypto Law in Action: Suspect Accused of Rapid Price Manipulation South Korea’s Financial Services Commission (FSC) and Financial Supervisory Service (FSS) announced on Thursday that they have reported an individual suspected […]

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Haliey Welch of Hawk Tuah Fame Faces Backlash Over Alleged Memecoin Pump-and-Dump: Report

December 6, 2024 The Daily Hodl

Altcoins

Internet personality Haliey Welch, herself of meme fame, is facing backlash and serious accusations after the implosion of her HAWK memecoin. According to a report from the BBC, the Talk Tuah host’s Solana (SOL)-based memecoin HAWK lost more than 95% of its value within hours after launch, prompting YouTuber Coffeezilla to accuse Welch of executing […]

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Pump.fun’s memecoin freak show may result in criminal charges: Expert

November 26, 2024 Coin Telegraph

Coin Telegraph

Pump.fun has halted its broadcast feature after significant backlash, while a legal expert warns the extreme content can open up criminal investigations and civil lawsuits.

Launchpad Pump.fun’s livestream feature has seemingly turned into a platform for developers to broadcast extreme shock content to promote their tokens — and it may result in civil or criminal lawsuits according to legal experts.

From suicide threats and animal abuse to pornography, developers pushing boundaries have faced little to no consequences beyond having their content removed.

Meanwhile, industry participants urged Pump.fun to pull the plug on its livestreams, which it did earlier today until such time as it can properly moderate content.

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Gen Z Trader’s $30K Heist Backfires as Crypto Community Rallies Token to $56M Market Cap

November 20, 2024 Bitcoin.com

Gen Z Trader’s K Heist Backfires as Crypto Community Rallies Token to M Market Cap

bitcoin.com

A young trader pulled off a pump-and-dump scheme on the coin called QUANT token, but the crypto community countered by rallying the token’s price. Trader Live Streams Token Dump A pump-and-dump coin created by an unidentified young trader saw its market capitalization continue to surge hours after he dumped his holdings on unsuspecting users. Although […]

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Dutch Regulator Warns of Crypto Pump-and-Dump, New Regulation to Ban These Schemes

September 30, 2024 Bitcoin.com

AFM

The Dutch Authority for the Financial Markets (AFM) has issued a warning about the dangers of pump-and-dump schemes in the cryptocurrency space, as new regulations prepare to target this market manipulation tactic. The upcoming Markets in Crypto-Assets Regulation (MiCAR), effective from Dec. 30 will ban these practices. AFM Sounds Alarm on Crypto Pump-and-Dump Schemes The […]

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Ava Labs COO’s X account suspected as hacked after posting memecoin

August 19, 2024 Coin Telegraph

Avalanche

The X account of Ava Labs’ operating chief, Luigi D’Onorio DeMeo, has been touting memecoins and other suspicious links, prompting many to warn it's likely a phishing scam.

Ava Labs’ chief operating officer, Luigi D’Onorio DeMeo’s X account, is suspected of being hacked after posting about a newly launched Pokémon-themed memecoin and links to suspicious airdrops.

Two of the posts on Aug. 19, which have now been deleted, shared the address to a Solana-based memecoin called Pika (PIKA) — styled after one of the media franchise’s central characters, Pikachu — in an apparent pump-and-dump scheme.

Many crypto users on X have posted warnings not to click or follow any links.

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Hackers Take Over Rapper 50 Cent’s X Account To Steal Over $3,000,000 in Crypto: Report

June 24, 2024 The Daily Hodl

50 Cent

A bad actor has reportedly hacked into rapper 50 Cent’s X account and stolen millions of dollars worth of crypto after promoting a pump-and-dump scheme. According to a new report by Fox Business, the rap artist says that his social media account was hacked by a scammer who made away with $3 million in under […]

The post Hackers Take Over Rapper 50 Cent’s X Account To Steal Over $3,000,000 in Crypto: Report appeared first on The Daily Hodl.

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Nigerian Regulator Warns Against Investing in Meme Coin Linked to Davido

June 15, 2024 Bitcoin.com

bitcoin.com

The Nigerian securities regulator warned residents against investing in a meme coin linked to singer and celebrity Davido. The regulator described the meme coin as a highly risky investment, saying investors who invest in it do so at their own risk. The Commission will continue to monitor the ecosystem and will exercise its authority if […]

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HULK Celebrity Memecoin Pumps and Dumps in Alleged Rug Pull As Hulk Hogan Claims His Accounts Were Hacked

June 7, 2024 The Daily Hodl

Altcoins

Wrestling legend Hulk Hogan says that posts made to his account promoting the Solana (SOL)-based memecoin HULK yesterday were not from him. HULK investors are reeling today after the celebrity memecoin based on Hulk Hogan’s likeness pumped to an over $17 million market cap yesterday before crashing to its current market cap of roughly $8,000, […]

The post HULK Celebrity Memecoin Pumps and Dumps in Alleged Rug Pull As Hulk Hogan Claims His Accounts Were Hacked appeared first on The Daily Hodl.

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Nigerian Artist Davido’s Meme Coin Plummets Shortly After He Pockets $474,000 From Token Sale

June 1, 2024 Bitcoin.com

Nigerian Artist Davido’s Meme Coin Plummets Shortly After He Pockets 4,000 From Token Sale

Africa

Nigerian artist Davido has been accused of perpetrating an “outright scam” after pocketing over $468,000 from selling his recently launched meme coin. A prominent Nigerian crypto enthusiast claims Davido’s actions create problems for many legitimate crypto businesses and startups operating in good faith. Davido Offloads Meme Coin Hours After Promoting It to Followers The Nigerian […]

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