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?> 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.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