JB and ZJMY Holding Co (JBZY)

[Snug Harbour]

Your being scammed AGAIN !!

Crypto 'Pump and Dumps'
The Wall Street Journal
August 5, 2018
https://finance.yahoo.com/news/crypto-pump-dumps-distort-trading-234100158.html

Dozens of trading groups are manipulating the price of crypto currencies on some of the largest online exchanges, generating at least $825 million in trading activity over the past six months?and hundreds of millions in losses for those caught on the wrong side, according to a Wall Street Journal analysis.

In a review of trading data and online communications among traders between January and the end of July, the Journal identified 175 pump and dump schemes involving 121 different digital coins, which show a sudden rise in price and an equally sudden fall minutes later.

The boiler rooms of yore have an online analog in the pump group, a chatroom where coin traders gather. The biggest of the dozens the Journal analyzed is Big Pump Signal, with more than 74,000 followers on the messaging app Telegram. After launching its chatroom on Telegram in late December after reaching capacity on another messaging app, Discord, the group promoted 26 pumps that saw $222 million in trades