Crypto Crime Report of 2024,
Chainalysis today announced resultados de las estafas 'pump and dump' or for market manipulation, with the main focus on DeFi (due to its transparency) on the Ethereum network (which has experienced rapid growth and innovation in recent years).
‘Pump and dump’ schemes typically involve groups investing in a token, promoting it heavily to stimulate price growth, and subsequently dumping that token at a significant profit. As a consequence, a sharp drop or even collapse in the price of a token occurs.
Among the most notable figures are:
- Of the more than 370,000 tokens launched on Ethereum in 2023, 54% of those listed on DEX suggest possible market manipulation.
- Cybercriminals earned $241.6 million in 2023 through these potentially illicit schemes.
- It is a very small portion of the DEX ecosystem: these manipulated tokens represented only 1.3% of the Ethereum DEX trading volume, which sheds light on the high failure rate of these scams.
