GameStop FOMO evokes a brand new wave of crypto pump-and-dumps

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Enlarge peng song / Getty After the California Gold Rush, in 1870, two Kentucky swindlers whipped up a scheme to prey on thirsty financiers’ FOMO. They invented a diamond area out West. Buyers sunk thousands and thousands in at this time’s cash into the scheme. All of it, in fact, was for naught—a cautionary story …
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