The Role of AI in Spotting Crypto Pump-and-Dump Schemes
Cryptocurrency has brought about an entirely new way of investing, but with it, new risks have emerged. One of the most dangerous risks is the rise of pump-and-dump schemes. These schemes have shaken the crypto world, leading to financial losses for unsuspecting investors. Fortunately, artificial intelligence (AI) is stepping in to detect and prevent such fraudulent activities, offering a promising solution to combat these malicious schemes. A cryptotrader bot can help identify suspicious activities and alert investors in real time, further enhancing the ability to mitigate risks associated with these fraudulent practices.