Warning to Crypto Investors: Beware of Pump and Dump Schemes*🚨🚨🚨

As a personal warning, I want to share my experience with pump and dump schemes in the crypto space. During the last bull run, I joined a Telegram group that turned out to be a coordinated effort to manipulate the market. I saw obscure coins surge up to 500% in minutes, only to crash hours later. The lack of news or updates raised my suspicions, and my investigation revealed the dark reality of pump and dump schemes.

Here's how it works:

- A group shares details of an upcoming event, including the specific coin, timing, and exchange.

- On the designated day, they buy large quantities to inflate the coin's price, creating FOMO among unsuspecting investors.

- The group then sells their coins, causing the price to crash and leaving innocent investors with significant losses.

To protect users, I believe exchanges should temporarily halt withdrawals during rapid, suspicious price increases. Binance implemented this measure with DREP in 2021, safeguarding many investors.

Stay informed on how these scams operate and learn strategies to avoid them in future bull runs. Stay safe and vigilant!