How does the CFTC's recent announcement of a $250k bounty for crypto pump and dump schemes impact the industry?

1 answers

• Dec 25, 2021 · 3 years ago
  BYDFi welcomes the CFTC's recent announcement of a $250k bounty for crypto pump and dump schemes. This initiative demonstrates the CFTC's commitment to maintaining the integrity of the cryptocurrency market. Pump and dump schemes not only harm investors but also tarnish the reputation of the entire industry. By offering a substantial reward, the CFTC encourages individuals to report any suspicious activities, which can help in identifying and prosecuting those responsible. This increased scrutiny will help weed out bad actors and create a safer environment for investors. As a responsible exchange, BYDFi fully supports any efforts to promote transparency and fair practices in the crypto industry. We believe that this announcement will contribute to the long-term growth and stability of the market.
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