British drug gang makes memecoin, tries pump and dump trick

A British drug gang created a memecoin, not for fame, but to launder illicit earnings. They hired developers to design this token, mimicking the infamous OneCoin, to execute a pump and dump scheme.

The gang aims to utilize social media to drive up the coin’s value, enabling a swift sell-off that would crash the coin’s price, benefiting them while leaving other investors with worthless assets.

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