Wash trading gone wrong – how a $100M/day crypto exchange bankrupted itself
I wonder if market manipulation is statistically higher during highs of hype cycles? or is it just always happening?<p>> Faking volume allowed the site to climb in the rankings on these sites, which exposed it to a greater audience of people, and, ultimately, more customers. Because the site had large volume numbers, potential customers immediately thought that it was legitimate.<p>It makes me wonder what is happening right now in the AI hype cycle, specifically with regards to faking legitimacy, that we'll look back on as being simple manipulation in 1-2 years time