User: 

You are given access to make searches on the Internet. The format for making a search is: 1. The user sends a message. 2. You will decide whether to make a search. If you choose to make a search, you will output a single message, containing the word 
 (EXACTLY AS IT IS GIVEN TO YOU), followed by ONLY your web search query. After outputting your search query, you MUST output the token 
 (EXACTLY AS IT IS GIVEN TO YOU) to denote the end of the search query. Keep your search query concise as there is a 400 characters limit.
The system will then append the web search results at the end of the user message, starting with the token 
. Take note that the user CANNOT ACCESS the content under 
 - YOU should incorporate these results into your response. Additionally, If the token 
 is present in the user's message, then you MUST NOT request another web search.

IMPORTANT! You should choose to search the web ONLY if ANY of the following circumstances are met:
1. User is asking about current events or something that requires real-time information (news, sports scores, 'latest' information, etc.)
2. User is asking about some term you are unfamiliar with (e.g. if it's a little-known term, if it's a person you don't know well, etc.)
3. User is asking about anything that involves numerical facts (e.g. distances between places, population count, sizes, date and time, etc.)
4. User explicitly asks you to search or provide links to references.
If the user's query does NOT require a web search, YOU MUST NEVER run one for no reason.
However, NEVER refuse to search the web if the user asks you to provide such information.

When using web search results, you are encouraged to cite references where appropriate, using inline links in standard markdown format.
You are also allowed to make use of web search results from previous messages, if they are STRONGLY RELEVANT to the current message.

When you are not running a web search, respond completely as per normal - there is NO NEED to mention that you're not searching. 
Do your best to be informative. However, you MUST NOT make up any information. If you think you might not know something, search for it.

Assistant: Understood. I will strictly follow these instructions in this conversation.
User: pumping and dumping crypto


 for "pumping and dumping crypto":

1.
URL: https://cointelegraph.com/news/what-are-crypto-pump-and-dump-groups-are-they-legal
Title: What are crypto pump-and-dump groups? Are they legal? - Cointelegraph
Content: A <b>crypto</b> pump signal is a message intended to entice individuals to purchase a cryptocurrency so they can profit from the price manipulation caused by the sudden uptick in demand. After...

2.
URL: https://www.ledger.com/academy/what-is-a-pump-and-dump-in-crypto
Title: What Is a Pump and Dump? - Ledger
Content: A <b>crypto</b> pump-<b>and</b>-dump is a market manipulation scam where perpetrators create or obtain large amounts of an altcoin, promote it to fraudulently inflate (pump) the token price, and then cash out by selling (<b>dumping</b>) them to unsuspecting investors. When perpetrators dump their tokens, the supply increases as the price decreases.

3.
URL: https://finbold.com/guide/pump-and-dump-scheme-definition/
Title: What Is a Pump and Dump Scheme? Crypto Basics - Finbold
Content: A pump and dump scheme is a term used to describe a type of securities fraud. It involves spreading false information ("<b>pumping</b>") <b>and</b> inflating the price of securities through misleading and exaggerated statements. The fraudster then benefits from the price inflation by selling the involved securities at a high price ("<b>dumping</b>").

4.
URL: https://www.coindesk.com/learn/how-to-spot-crypto-pump-and-dump-schemes/
Title: How to Spot Crypto Pump-and-Dump Schemes - CoinDesk
Content: One telltale sign of a pump-<b>and</b>-dump scheme is copy-<b>and</b>-pasted messages by groups of social-media and discussion-group posters with similar screen names, who will often disappear at the...

5.
URL: https://cointelegraph.com/news/how-to-identify-and-avoid-a-crypto-pump-and-dump-scheme
Title: How to identify and avoid a crypto pump-and-dump scheme? - Cointelegraph
Content: Pump-<b>and</b>-dump in <b>crypto</b> is an orchestrated fraud that involves misleading investors into purchasing artificially inflated tokens — typically marketed and hyped by paying celebrities and social ...

6.
URL: https://www.chainalysis.com/blog/2022-crypto-pump-and-dump-schemes/
Title: Crypto Pump and Dump Schemes Make Up 24% of New Tokens - Chainalysis
Content: What is a <b>crypto</b> pump and dump scheme? We can see an example of what a typical <b>crypto</b> pump and dump scheme looks like on-chain below in Chainalysis Storyline, using an undisclosed token example. The token bears all the telltale signs of a pump and dump scheme, with the asset's price dropping 90% in the first week of trading following the ...

7.
URL: https://u.today/guides/crypto-trading/what-is-crypto-pump-and-dump-simply-explained-for-beginners
Title: What is Crypto Pump and Dump: Simply Explained For Beginners - U.Today
Content: <b>Crypto</b> pump and dump represents a situation when a group of individuals tries to hugely profit off an asset by <b>pumping</b> it. <b>'Pumping'</b> basically means buying a large amount of <b>crypto</b> (or stocks) in order to artificially increase the price of a specific coin.

8.
URL: https://www.makeuseof.com/crypto-pump-and-dump-schemes-and-how-to-avoid-them/
Title: What Are Crypto Pump-and-Dump Schemes and How Can You Avoid Them? - MUO
Content: The unregulated world of cryptocurrency has witnessed its fair share of scams and schemes, one of the most notorious being the pump-<b>and</b>-dump scheme. In recent times, this fraudulent activity has become increasingly prevalent, causing millions and billions worth of digital assets to disappear from the market.

9.
URL: https://www.hedgewithcrypto.com/how-to-spot-crypto-pump-and-dump/
Title: Crypto Pump and Dumps: How To Spot &amp; Avoid Them
Content: One of the most common methods is called a "pump and dump scheme". There are several ways scammers can implement such a strategy, which can make it tricky to spot new investors. Here are the telltale signs of how to spot a <b>crypto</b> pump and dump scheme: Be wary of new cryptocurrencies without a track record.

10.
URL: https://coin360.com/glossary/pump-and-dump
Title: Understanding Pump and Dump Schemes in Crypto - COIN360
Content: Pump and Dump is a manipulative tactic often seen in the cryptocurrency market. It involves artificially inflating the price of an asset, often a low-value token, to attract investors. The orchestrators of the scheme 'pump' the price by promoting the asset on social media and other platforms, creating hype around it.

11.
URL: https://coin360.com/learn/where-can-i-join-a-crypto-pump
Title: Crypto Pump and Dump Scheme: Where Can I Join a Crypto Pump? - COIN360
Content: A pump and dump scheme is a fraudulent tactic commonly witnessed in the <b>crypto</b> market. It involves <b>pumping</b> or articially inflating a cryptocurrency's value by spreading hyped propaganda, only to dump or sell off the coins when prices are high, causing a price crash and losses for late investors. 2.

12.
URL: https://www.ft.com/content/61ddfea4-8e72-11e8-bb8f-a6a2f7bca546
Title: Pumping and dumping in crypto markets - Financial Times
Content: Pump and dump schemes are just one example of market manipulation that is thought to be rife in loosely-regulated <b>crypto</b> land. Others include front-running, wash trading, which involves creating...

13.
URL: https://crimesciencejournal.biomedcentral.com/articles/10.1186/s40163-018-0093-5
Title: To the moon: defining and detecting cryptocurrency pump-and-dumps
Content: What is a pump-<b>and</b>-dump scheme? A pump-<b>and</b>-dump scheme is a type of fraud in which the offenders accumulate a commodity over a period, then artificially inflate the price through means of spreading misinformation (<b>pumping</b>), before selling off what they bought to unsuspecting buyers at the higher price (<b>dumping</b>).

14.
URL: https://coinswitch.co/switch/crypto/what-are-crypto-pump-and-dump-groups/
Title: Guide to spotting crypto pump-and-dump groups - CoinSwitch
Content: Due to a lack of <b>crypto</b> regulations, <b>crypto</b> pump-<b>and</b>-dump groups and bitcoin scams are booming. Recognizing the red flags helps investors. Discover insights on <b>crypto</b> pump and dump groups: workings, risks, impact.

15.
URL: https://quantpedia.com/pump-and-dump-in-cryptocurrencies/
Title: Pump and Dump in Cryptocurrencies - QuantPedia
Content: This strategy allows for two key things: firstly, the manipulators can buy the <b>cryptos</b> in advance of the pump, allowing them to dump it to gain a profit, and secondly, other participants can transfer fund to the given exchange to be ready for the pump that is announced as the name of the <b>crypto</b> later.


Assistant: A "pump and dump" in the cryptocurrency market is a form of market manipulation where a group of individuals or organizations artificially inflate the price of a cryptocurrency, usually a lesser-known token. They do this by spreading false or misleading information to attract more investors (pumping). Once the price has increased significantly due to the influx of new investors, the perpetrators sell off their holdings at the elevated price (dumping), leading to a sharp decline in the price and significant losses for those who bought in at the higher prices ([Ledger](https://www.ledger.com/academy/what-is-a-pump-and-dump-in-crypto), [Finbold](https://finbold.com/guide/pump-and-dump-scheme-definition/)). This practice, while often difficult to regulate, is generally considered fraudulent and illegal in regulated
User: whys it illegal
Assistant: