Leaked documents detail how Coinsquare used automated tools to inflate exchange volume: report

Vice's Motherboard published an article Friday that outlined how Canadian cryptocurrency exchange Coinsquare has allegedly used automated trading software to inflate its trading volumes.

According to the report, Motherboard obtained leaked emails, Slack messages and other files. Based on the materials gathered, Coinsquare appeared buying and selling cryptocurrencies between accounts it controlled, an activity known as wash trading. The point of wash trading – which is illegal under U.S. securities law – is to artificially boost trading volumes to make them appear bigger to other traders.


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