Smoke and Mirrors: More reports of rampant wash trading detected among large crypto exchanges
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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 […]
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