[shovelquest]

Is this a crime?

"I cashed out, being famous was too much and I made 50 mil!"

"wow how did you "cash out" of being famous?!"

"I told all my fans I was making a crypto, I sold all mine immediately after they all bought into it and stopped supporting it! LOL I made MILLIONS!"

ChatGPT said:

Yes, the scenario you've described sounds like it could be considered a crime, specifically a form of securities fraud or a "pump and dump" scheme.

This involves artificially inflating the price of an owned stock or, in this case, a cryptocurrency, by misleading or providing false statements to investors, then selling the overvalued shares to make a profit. This is illegal under securities law.

If this situation were real, it would likely be investigated and prosecuted.