DailyCoin - A gold mining company's claim of a massive Bitcoin purchase sent its stock soaring before unraveling as a potential pump-and-dump scheme

in blockchain •  11 months ago 

https://dailycoin.com/bitcoin-pump-and-dump-alleged-as-nilam-ceo-quits/
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A gold mining company, Nilam Resources, announced a huge Bitcoin purchase which caused its stock price to skyrocket.

However, the company's CEO resigned soon after, claiming the whole thing was a publicity stunt and raising questions about the legitimacy of the deal.

This incident highlights issues of manipulation and lack of oversight in the cryptocurrency industry.

Beware of pump-and-dump scheme!!

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blockchain horror dump massive bitcoin purchase pump scheme
11 months ago by

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      ·  11 months ago 

    Upvoted! Thank you for supporting witness @jswit.

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