CFTC issues pump-and-dump schemes warning

The US Commodity Futures Trading Commission (CFTC) has warned investors to stay clear of cryptocurrency pump-and-dump schemes, describing them as "old scams, new technology".

In a release, the CFTC said customers should beware of thinly traded markets, such as new “alternative” virtual currencies, digital coins or tokens as they are often linked to fraudulent behaviour.

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