Wash Trading Remains ‘Widespread’ in DeFi, Kaiko Says

Last week’s roundup of crypto promoters and traders following an elaborate sting operation by federal prosecutors served as a reminder that fake trades used to inflate prices continue to be lingering issue in the digital asset world. The wash trading strategy used to boost the FBI-created token NexFundAI remains a common practice on decentralized-finance exchanges (dexes), and can be encountered on certain centralized exchanges as well, according to researcher Kaiko.