Cryptocurrency Influencers Accused of Aiding Pump and Dumps

Social media influencers are marketing manna, coveted for their highly engaged audience who hang on their every word. Sites such as Tomoson and Meltwater link brands with influencers who are eager to spread the word – for a fee. In the cryptocurrency space, however, where influential figures can send coins soaring via a single tweet, the practice is controversial. A number of prominent individuals now stand accused of promoting pump and dumps.