Ethereum

<ul><li>Solidus Labs study exposes rampant wash trading on Ethereum DEXes, revealing over $2 billion in token price manipulation since September 2020.</li><li>Wash trading inflates a cryptocurrency&#39;s value as token issuers and entities trade assets, artificially boosting appeal for centralized exchange listings.</li><li>Liquidity providers drove manipulation for 20,000&#43; tokens, with wash trading at 67% of DEX liquidity pools.</li></ul>In a startling revelation, a study by Solidus Labs, a New York-based crypto transaction monitoring firm, has <a href="https://www.soliduslabs.com/reports/crypto-wash-trading" rel="noopener noreferrer nofollow">unveiled</a> the widespread prevalence of wash trading on Ethereum-based decentralized exchanges (DEXs). Since September 2020, over $2 billion worth of cryptocurrencies have been subjected to this market price manipulation tactic.Wash trading is a technique where traders artificially inflate a cryptocurrency&#39;s price and trading volume by executing fake buy and sell orders, often involving token issuers and other entities trading assets to themselves. This deceptive strategy is primarily employed to make a coin appear more attractive and boost its chances of being listed on centralized exchanges.According to a recent <a href="https://www.bloomberg.com/news/articles/2023-09-12/wash-trading-is-rampant-on-decentralized-crypto-exchanges?sref&#61;62RNSA6Q#xj4y7vzkg" rel="noopener noreferrer nofollow">report</a>, Solidus Labs delved deep into the crypto market and found that liquidity providers played a significant role in manipulating the prices and volumes of more than 20,000 tokens since September 2020. Their study focused on three prominent decentralized exchanges, platforms that enable direct peer-to-peer trading among users.Alarming statistics emerged from Solidus&#39;s investigation. Liquidity providers were found to be engaged in wash trading in a staggering 67% of the approximately 30,000 liquidity pools sampled, accounting for 13% of the pools&#39; total trading volumes.Read full article at C<a href="https://cryptotale.org/new-revelations-ethereum-based-dex-wash-tradings-2-billion-token-manipulation/" rel="noopener noreferrer nofollow">ryptoTale.</a>

DEX Wash Trading: $2B Token Manipulation Exposed

CryptoTale

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