Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: trendcoin on September 28, 2022, 08:31:36 PM
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Thailand’s largest crypto exchange Bitkub has come under regulatory scrutiny from the country’s Securities and Exchange Commission (SEC) over falsifying and creating artificial trading volume on its platform.
The Thai SEC ordered legal action against the crypto exchange and two individuals, alleging the crypto platform was involved in wash trading, a process where investors buy and sell the same assets at the same time to manipulate the market by inflating volumes.
Source (https://cointelegraph.com/news/crypto-exchange-bitkub-targeted-by-thai-sec-with-wash-trading-claims)