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15556718 No.15556718 [Reply] [Original] [archived.moe]

https://venturebeat.com/2019/09/10/chainlink-cryptocurrency-trading-shows-signs-of-pump-and-dump-scam/

The trading pattern of Chainlink’s Link cryptocurrency suggests a suspicious “pump-and-dump” scam, or an attempt to manipulate the price of the cryptocurrency token, according to an analytics company.

The unusual market pattern was discovered by the team at AnChain.ai, a blockchain transaction analytics company. And it is significant because Chainlink’s token has a market value of $650 million, and it has lost about $600 million in value in recent weeks. It’s not clear who is doing the pump-and-dump scam, and AnChain offered no evidence that anyone associated with Chainlink is associated with the scam. The company itself is denying any role in the alleged manipulation, noting that cryptocurrency trading is not within its control.

JUST LEAVING THIS HERE.......LOOKS LIKE THE GAMES UP BOYOS

>> No.15556728

“We are confident that our research is illustrative of artificial market manipulation as it involves a small number of addresses accounting for a hugely disproportionate transaction volume over a short period of time, and that these transactions were subject to various forms of obfuscation and concealment atypical of legitimate market activity,” said Victor Fang, CEO of AnChain.ai, in an email.

>> No.15556732

sage

this is just an attempt to draw attention away from the fact that staking is finalized
>>15556321

>> No.15556751

DISCORD GROUP GOING TO JAIL?

"Pump and dump is a form of microcap fraud in which the price of an asset, often of low market cap and share volume, is manipulated by a group of coordinated actors through a series of high-volume purchases. This artificially inflated demand triggers a dramatic increase in the price of the aforementioned asset, and is often accompanied by an influx of unknowing investors who are unaware of the manipulated nature of the spike."

NOT THE TEAM:
"The unusual market pattern was discovered by the team at AnChain.ai, a blockchain transaction analytics company. And it is significant because Chainlink’s token has a market value of $650 million, and it has lost about $600 million in value in recent weeks. It’s not clear who is doing the pump-and-dump scam, and AnChain offered no evidence that anyone associated with Chainlink is associated with the scam. The company itself is denying any role in the alleged manipulation, noting that cryptocurrency trading is not within its control."

REPORT FRAUD HERE:
https://www.sec.gov/oiea/Complaint.html

IF YOU BOUGHT LINK AND ARE ON A LOSS YOU MAY HAVE A CLAIM AGAINST THE DISCORD PND GROUP WHO ARE WELL...BASICALLY FUCKED.

>> No.15556761

>>15556732
O RLY?
FIRST HIT ON GOOGLE ON SEARCH TERM CHAINLINK????????????????

https://venturebeat.com/2019/09/10/chainlink-cryptocurrency-trading-shows-signs-of-pump-and-dump-scam/

>> No.15556776
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15556776

ITS ALL GONE BAD FOR THE DISCORD GROUP RIGHT AT THEIR HOUR OF GLORY
REPORT FRAUD HERE:
https://www.sec.gov/oiea/Complaint.html

>> No.15556818

Sergey Nazarov, CEO of SmartContract, said in an email, “The market for Link tokens operates apart from Chainlink, which has not engaged with any exchange’s requests to list the Link token.” He said his company is “unable to predict what an exchange’s listing of Link may or may not result in.”

In other words, there’s an effect that happens to a cryptocurrency when it begins trading on a new exchange. In June, the Link token began trading on CoinBase, the most popular cryptocurrency exchange. Typically, when this happens, there’s a burst of trading in the new currency and the price rises. It’s called the “CoinBase effect” in the industry.

AnChain did not note the possible impact of the CoinBase effect in its report. In a follow-up email, AnChain.ai said that the pump-and-dump data appears to precede the CoinBase debut of the Link token.

>> No.15556873

https://news.u.today/news/chainlink-suspected-of-being-pump-and-dump-scam-by-analytics-company-anchainai

Chainlink Suspected of Being Pump-and-Dump Scam by Analytics Company AnChain.AI

>> No.15556876

>>15556718
>>15556732
>>15556718
aye aye aye i gota shout out that oasaka shit tho yo....!!!!

"

>> No.15556899
File: 223 KB, 333x391, Screen Shot 2019-09-11 at 4.42.38 AM.png [View same] [iqdb] [saucenao] [google] [report]
15556899

>>15556876
>>15556732
https://soundcloud.com/sunwheeler/argus
200k link
FT. Argus 4 sale

>> No.15556928

it's about time Sergey got called out for this, bet he loses weight in jail with no access to bigmacs

>> No.15557272

Itt no one actually read the article, including op.

>AnChain did not note the possible impact of the CoinBase effect in its report. In a follow-up email, AnChain.ai said that the pump-and-dump data appears to precede the CoinBase debut of the Link token.

>> No.15558287
File: 106 KB, 698x379, Screen Shot 2019-09-11 at 10.56.54 AM.png [View same] [iqdb] [saucenao] [google] [report]
15558287

beautiful skies bois

>> No.15558920

>>15556718
Bullish, just bought 10k more LINK

>> No.15558935
File: 98 KB, 487x458, 82FBA027-0681-4EFC-8D50-11844E853E84.jpg [View same] [iqdb] [saucenao] [google] [report]
15558935

>>15556718
>REEEEEEEEEE I MISSED OUT ON ACCUMULATING!!!!! SELL ME YOUR LINK NOW!!!!

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