Fake Markets, Real Losses: How Market Makers Manipulate Crypto to Trick Retail Investors

It's time to end crypto market manipulation.

You asked me for my opinion about crypto market makers accused of manipulation by SEC

I’ve been in the crypto industry for 10+ years, and I built a crypto exchange and crypto market maker.

I’ve seen it all: good, bad, and ugly.

I know the truth and I have an obligation to say the truth.

Market manipulation is huge problem in crypto industry, and real victims are retail investors.

SEC accused CLS Global and Gotbit for manipulating markets.

They weren’t just “making markets” - they were faking them.

Wash trades, fake volumes, manipulating prices to trick retail investors.

They did this to make tokens look like attractive investment.

 But in reality, it was all a scam.

Shocking part?

Fake trades were up to 98% of trading volume for some tokens.

Think about that - almost every single trade you saw was fake.

Fake volume influences you to buy tokens that have zero organic interest.

And who loses? Retail traders.

Some exchanges give zero-fee to market makers, encouraging fake trades.

This hides the truth about real liquidity.

You could say retail traders demand liquidity - even if it’s fake - because tokens need volume to look interesting.

I know both market makers.

They have horrible reputation and I’m not surprised by SECs accusations.

I fully support SECs crackdown.

It’s time we clean up the space.

I want to build a crypto industry that lasts, that brings real value.

We need transparency and integrity.

Enough of these clowns 🤡 ruining crypto industry!

I know the damage they cause and I stand with the regulators on this one.

Wall Street learned the hard way - crypto will too. SEC crackdown is just the start.

Let’s build a market that’s real.

One where you can trust the numbers and know you’re trading with integrity.

What’s your take on the SEC’s move? 👇

Who is next to be accused for market manipulation?