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In most established groups, the pumping process itself is surprisingly well-organized.Group leaders provide specific instructions to their members that include the exact time a pump will occur (translated into multiple time zones), what exchange the pump will take place on, what the “target” inflation price is, how the pump signal will be provided (some groups say they use images instead of text, to counter bots), and a number of other helpful tips and tricks.Like most involved in the scam, Spann first heard about the groups through Twitter, but quickly became hooked.

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High-ranking members may be sent the pump signal anywhere from half-a-second to three seconds earlier than the general pool, a disparity the groups advertise openly.“They are 90 percent a scam to take money and the ones at the top will always win,” said Brad Spann, an active member of a number of the most popular pump groups, over Discord chat.

The group’s pump of BNT — an altcoin created by the B protocol Foundation in June 2017 — turned out a little differently.