Study Finds 89% of DEX Pools Exploited in Pump-and-Dump Scams

Quick Summary:

A new Chainalysis report has revealed that 89% of decentralized exchange (DEX) pools linked to pump-and-dump schemes are manipulated by their own creators, while another 11% are exploited by financially backed addresses, according to CryptoPotato.

The study suggests that many DEX pool creators coordinate with attackers, executing fraudulent schemes to manipulate markets and deceive investors.

With billions in manipulated trading, governments may introduce stricter DeFi regulations to protect investors.

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Article Details

Author / Journalist: Editor Team

Category: Crypto

Markets: India

Topics: Crypto News 89% of DEX pools exploited pump-and-dump scams DEX

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-30 @ 13:00:50 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 595 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 25632573

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