Tagged: wash trading

January 25, 2025 @ 1:00 pm By Omar Faridi  |  

CLS Global FZC LLC, a financial services firm known in the cryptocurrency industry as a “market maker,” has agreed to resolve criminal charges relating to its fraudulent manipulation of cryptocurrency trading volume. As part of the criminal resolution, CLS Global will plead guilty to the… Read More

March 22, 2023 @ 4:52 pm By JD Alois  |  

Eight Influencers Charged for Promotion of Digital Assets: Lindsey Lohan, Jake Paul, DeAndrew Cortez Way (Soulja Boy), Austin Mahone, Michele Mason (Kendra Lust), Miles Parks McCollum (Lil Yachty) Shaffer Smith (Ne-Yo), Aliaune Thiam (Akon).   The Securities and Exchange Commission has posted another digital asset… Read More

March 19, 2021 @ 7:51 pm By JD Alois  |  

The Commodities Future Trading Commission (CFTC) has issued an order requiring Coinbase to pay a $6.5 million penalty for “false, misleading, or inaccurate reporting and wash trading.” Coinbase has settled the civil penalty with the CFTC. The wash trading was said to be affiliated with… Read More

March 14, 2021 @ 10:18 am By Omar Faridi  |  

A digital artwork piece by Beeple recently set auction records (on Thursday / March 11, 2021)  when it sold at Christie’s for $69 million. Twitter CEO Jack Dorsey is auctioning the NFT or non-fungible token for the first tweet ever, “just setting up my twttr,”… Read More

August 22, 2020 @ 6:46 pm By Omar Faridi  |  

The Blockchain Research Lab published a report on August 20, 2020, in which it noted that previous studies have alleged or found that cryptocurrency exchanges use wash trading to “falsely signal their liquidity.” The team at Blockchain Research Lab said they had monitored twelve digital… Read More

December 14, 2019 @ 10:32 am By Omar Faridi  |  

We recently caught up with Marie Tatibouet, CMO at Gate Technology, the parent company of crypto-asset exchange Gate.io and Wallet.io. Tatibouet, a management postgraduate from the Emlyon Business School, talked about the security measures that Gate.io has implemented to help protect users’ assets. She also… Read More

November 12, 2019 @ 9:00 am By JD Alois  |  

Everybody knows that a good amount of cryptocurrency trading is utterly fake. Wash trades are prevalent as some exchanges seek to game the system and boost their relative relevance in the digital asset exchange world. Manipulation of various cryptocurrencies probably exists as well. CoinMarketCap, a… Read More

September 23, 2019 @ 9:47 am By Omar Faridi  |  

The Blockchain Transparency Institute (BTI) has published its updated market surveillance report which revealed that US-based digital asset exchange Kraken and Coinbase are among the cleanest trading platforms in the crypto industry. On September 19, the BTI released its 5th market report that examines and… Read More

January 22, 2019 @ 11:58 pm By Cali Haan  |  

Two executives from the Korean cryptocurrency Komid have been imprisoned for creating fake volume on the exchange in order to deceive investors, Korean media outlet Blockinpress reports. Komid Choi has reportedly been sentenced in Seoul to three year’s imprisonment for fraud and embezzlement, and an accomplice, Park… Read More

December 26, 2018 @ 5:51 am By Cali Haan  |  

“An enormous amount of data” collected by the Blockchain Transparency Institute (BTI) in its December 2018 Exchange Volumes Report shows, “clear evidence of wash trading,” across 80% of bitcoin-altcoin pairs on 95% of exchanges: “Based on this data over 80% of the CMC (CoinMarketCap) top… Read More