Bithumb Accused of Faking Trading Volumes
September 6, 2018
South Korean cryptocurrency exchange Bithumb has been accused of having a special group of traders, who artificially increase the trading volume on the platform. According to analyst Alex Kruger, the daily amount of fake trades is about $250 million.
In his Twitter
Kruger provided a graph, on which it can be seen that from 11:00 local time the number of trades on the platform increases sharply from time to time. He believes that the volume level is definitely unnatural and clearly does not look like the ordinary trading activity. The expert assumes that this allows Bithumb to launder about $250 million each day.