February 19, 2023
💸 In 2022, investors invested $4.6 billion in pump and dump tokens
According to Chainalysis, more than 9,900 tokens launched in 2022 on the BNB Smart Chain and Ethereum blockchains have signs of a “pump and dump” scheme. The creators of such tokens usually mislead users and call FOMO to convince them to buy. They are on sale at the moment.
One of the authors of such schemes created as many as 264 tokens last year.
⚠️ In general, crypto fraud revenues in 2022 decreased by 46% compared to 2021. For the most part, this was due to the fall in the prices of crypto assets (infographic attached).