CFTC launches bounty program to expose pumpers.

in #bitcoin8 years ago

The us commodity futures trading Commission (CFTC) offers an award of $100,000 to revelators of "pump and dump" schemes undermining the credibility of the growing cryptocurrency market.

"Customers don't have to buy virtual currencies, digital coins, or tokens, based on the advice on social networks, or sharp jumps of the prices" – warns the CFTC. "Carefully examine the virtual currencies, digital coins, tokens, and companies or organizations behind them to separate hype from facts."

CFTC offers all "who have original information that will result in monetary sanctions of $ 1 million or more to receive a monetary premium of between 10 and 30 percent of the amount".

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