throwaway732578
throwaway732578 on Hacker News
Re:CFTC Orders Coinbase Inc. To Pay $6.5M Penalty
on Friday March 19, 2021 @11:10PM (#26520512)
This happens soooo much, and is offered my most exchanges as “liquidity”. But in reality it’s washtrading.
Fake volume which creates demand from the public. It’s what all (early) stakeholders want. Crypto trading in general is such a scam, with the exception of a few of the top ones.