A 13 years old kid made a pump-and-dump scheme on stream

[Tony_Mushah]

Yeah...
You read it right! 13!!!
Here I thought that 13 years old kid nowadays:

• Go to school
• Play Fortnite/Minecraft
• Buy those influencers merch crap

But now kids are making pump and dump scams.

I found this news on this Lessons in Meme Culture video:

And found a "great" article talking about it.

Now, for those who don't know what is a pump and dump scam,
In the world of crypto,
it is a scam where the asset owner lure and bait investors to high up the asset value, "pump it"
and sell it shortly after. "dump it"

Back to the kid, you may ask how much money did he get.
Well, around 30 ~ 40k USD.
Yup. That's a lot of money.

Anyway, I am now wondering how that kid parents will react to this and what will he buy with that much money...

 

[Angry_Panda]

I am now wondering how that kid parents will react to this and what will he buy with that much money...

I would be more interested in the conversation with the Securities and Exchange Commission and how hard he and his parents get fined.

 

[Robinisback]

At this point, it's more of a badge of honor than a crime.

 

[77BLc9JwJGpLVARkamJx]

There is no age restriction for being evil.

 

[Manko-sensei]

There's a couple of 1:1 anime figures that are going to get imported straight away and paid entirely with those funds...

 

[athayanezant]

You just gave me an idea for making more money gonna be a rich fkn single bitch in the future!! yo rich, what's so rich about being rich? Yess rich is rich! Soo rich~

 

[pandascepter]

People are stupid. Case closed.

 

[sterven]

Wtf was I doing at 13? I wish I would've had this lvl of criminal mastermind

 

[Angry_Panda]

Wtf was I doing at 13? I wish I would've had this lvl of criminal mastermind

Aside from the part where, at 13, the World Wide Web was literally just getting released to royalty-free use.

 

[Manko-sensei]

I was too busy playing wargames (tabletop ones specially) to care about making real money, the only 10s I wanted to see were arrows in a target.

 

[pandascepter]

Aside from the part where, at 13, the World Wide Web was literally just getting released to royalty-free use.

Its time for bed.

 

[pandascepter]

Wtf was I doing at 13? I wish I would've had this lvl of criminal mastermind

I was eating dirt.

 

[Angry_Panda]

Its time for bed.

It's not 6PM yet. You can't fool me.

 

[TestAddress]

Yeah...
You read it right! 13!!!
Here I thought that 13 years old kid nowadays:

• Go to school
• Play Fortnite/Minecraft
• Buy those influencers merch crap

But now kids are making pump and dump scams.

I found this news on this Lessons in Meme Culture video:

And found a "great" article talking about it.

Now, for those who don't know what is a pump and dump scam,
In the world of crypto,
it is a scam where the asset owner lure and bait investors to high up the asset value, "pump it"
and sell it shortly after. "dump it"

Back to the kid, you may ask how much money did he get.
Well, around 30 ~ 40k USD.
Yup. That's a lot of money.

Anyway, I am now wondering how that kid parents will react to this and what will he buy with that much money...

Saw this in Ghost in the Shell SAC except this kid used ZERO money at all to pull 40k while Batou needed to use four pensioner's money.

MONEY OUT OF AIR. OR PROBABLY FROM HIS NOSE.

 

[TestAddress]

Wtf was I doing at 13? I wish I would've had this lvl of criminal mastermind

Reading the FBI documents exposed by GOOGLE'S search engines. THEY'RE JPEG NOT EVEN P G!!!


YES NO PASSWORDS BABY!@@@!

 

[Tony_Mushah]

Wtf was I doing at 13? I wish I would've had this lvl of criminal mastermind

Me at 13...
First year in high-school, discovered manga, torturing my mom laptop with a lot of minecraft mods...
Nothing that special.

 

[kanamon]

Damn that's a good money if he's also into gacha game gambling

 

[AnelaceFan]

That kid will either go to MIT or he will be caught by FBI

 

[Merulox]

I should really look into online side hustles

 

[Merulox]

Yeah...
You read it right! 13!!!
Here I thought that 13 years old kid nowadays:

• Go to school
• Play Fortnite/Minecraft
• Buy those influencers merch crap

But now kids are making pump and dump scams.

I found this news on this Lessons in Meme Culture video:

And found a "great" article talking about it.

Now, for those who don't know what is a pump and dump scam,
In the world of crypto,
it is a scam where the asset owner lure and bait investors to high up the asset value, "pump it"
and sell it shortly after. "dump it"

Back to the kid, you may ask how much money did he get.
Well, around 30 ~ 40k USD.
Yup. That's a lot of money.

Anyway, I am now wondering how that kid parents will react to this and what will he buy with that much money...

From the screenshots on the news article you linked, the kid can be seen trading on pump.fun
Looking at it, it seems like a website made for pump and dumping with random meme coins, so saying it was a pump and dump scam isn't really appropriate.