3 entries tagged “pump-and-dump”.
A 2021 BNB Chain 'charity' token heavily promoted by influencers, including FaZe Clan members. Its advertised anti-whale limit was changed from 24 hours to 60 seconds just before launch, enabling insiders to dump; widely described as a pump-and-dump.
A dog-themed crypto token (Saitama Inu, plus the related SaitaRealty) that the SEC and DOJ charged in October 2024 as a fraudulent, manipulated securities offering. Promoters allegedly hyped a 'Saitama ecosystem' while secretly dumping holdings and hiring market makers (Gotbit, ZM Quant) to fake volume.
A 2021 Ethereum token (unrelated to Ethereum) promoted by celebrities. The SEC charged Kim Kardashian for touting it without disclosing a $250,000 payment; she settled for $1.26M. A private 'pump-and-dump' class action was later dismissed.