On Aug. 26, the South Korean newspaper Seoul Shinmun published a report stating that 99% of transaction volume was faked through wash trading on Coinbit, one of the largest cryptocurrency exchanges in South Korea, between August 2019 to May 2020. Though the exchange was seized by police under allegations of fraud, this is not the..
The post Coinbit Seizure: Why New Cryptocurrency Exchanges Conduct Wash Trading appeared first on Security Boulevard.
Source: Security Boulevard
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