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What happens when you join a Discord Pump n' Dump group.

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by COINS NEWS 129 Views

Ever got a DM that invited you to a Pump and Dump group?

It should be clear for most people that no one is giving out free money. But I was wondering how they try to take yours, so I joined.

Long story short:

They take your $ by setting up fake exchanges (bit-tokens.com in this case, added for searchability). They give you the whole spiel about pump and dumps, link you to a Youtube video about how it supposedly works. The deposit you make to the "exchange" will go directly to the wallets of the scammers.

submitted by /u/TheDankestEngine
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