I get invites to pump and dump groups on the daily on Discord. It's unbelievable. Not only is it illegal but it also contributes to the myth that cryptos are scams and extremely volatile.
Do you think that governments will crack on those groups?
The government cannot do anything about this ass al the cryptos are decentralized and anyone cannot control it. They are doing this work with a massive number of participants and most of them will manipulate the market when every they want. But Most of them are fake pumps and dumps for sure as per my experience.
Do you think that the people in those groups know that they're hurting the cause more than anything?
They know they are manipulating the market and they are doing this for their own profits they don't care about other investors of crypto for sure.