Smoke and Mirrors: More reports of rampant wash trading detected among large crypto exchanges
Quick Take
- Crypto Integrity found that up to 88% of reported volumes in February were artificial at some of the highest reported volume exchanges
- On some less liquid trading pairs, the group estimates up to 100% of the volume is fake
[related id=”1″] Another week, another report that further details the excessive presence of wash trading across crypto exchanges. Crypto Integrity, a project aimed at fraud detection and forensics within the crypto market, released a report that analyzed real order book depth on select liquid trading pairs and found that up to 88% of reported volumes in February […]
Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.
You can unlock at any time.*
No wallet? No problem. You can set one up for free.
*a 2% locking fee will be added at the time of locking.
