{"id":22295,"date":"2023-09-13T03:44:36","date_gmt":"2023-09-13T03:44:36","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/decentralized-exchanges-a-magnet-for-crypto-wash-traders-solidus-labs\/"},"modified":"2023-09-13T03:44:38","modified_gmt":"2023-09-13T03:44:38","slug":"decentralized-exchanges-a-magnet-for-crypto-wash-traders-solidus-labs","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/decentralized-exchanges-a-magnet-for-crypto-wash-traders-solidus-labs\/","title":{"rendered":"Decentralized exchanges a magnet for crypto wash traders: Solidus Labs"},"content":{"rendered":"
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Over 20,000 crypto tokens have been manipulated via decentralized exchange (DEX) wash trading in the last three years, according to market surveillance firm Solidus Labs.<\/p>\n
In the second part of its 2023 Crypto Market Manipulation Report<\/em> released Sept. 12, Solidus said among a sample of 30,000 Ethereum-based DEX liquidity pools, nearly 70% were found to have executed wash trades since September 2020 \u2014 making up for around $2 billion worth of crypto.<\/p>\n Wash trading is a form of market manipulation where an entity buys and sells the same asset giving the false impression of market activity.<\/p>\n Major Update! Unveiling Part Two of our Crypto Market Manipulation Report! Our data shows a shocking $2 billion #washtrades<\/a> on DEXs since Sept 2020. That’s affecting over 20,000 tokens! \u26a0\ufe0f<\/p>\n Full details here in our report: https:\/\/t.co\/pcRvMBGfb0<\/p>\n\n