Complex - A 13-year-old streamer illegally manipulated a cryptocurrency's price, profiting $30,000 before selling his holdings, highlighting the dangers of unregulated crypto investments influenced by online personalities

in blockchain •  27 days ago 

https://www.complex.com/life/a/backwoodsaltar/streamer-crypto-coin-pumps-and-dumps-it
Screenshot_20241124-083634_Brave.jpg

A 13-year-old streamer, Kid, executed a cryptocurrency pump-and-dump scheme, profiting $30,000 from his "meme coin" before selling his stake.

This incident highlights the risks involved in investing in unregulated cryptocurrencies, particularly those promoted by influencers.

Users should remain vigilant and exercise extreme caution before investing in any cryptocurrency, especially those with little to no established track record.

Screenshot_20211106-080453_DesignEvo.jpg

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Upvoted! Thank you for supporting witness @jswit.