Kalshi is facing wash-trading accusations after an X user flagged ETH-PERP volume that looked wildly out of sync with open interest. Kalshi says the numbers were misread, likely mixing prediction-market contracts with perpetual futures, while rebate incentives keep the scrutiny alive.
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South Korea is ramping up crypto enforcement with AI tools to flag manipulation in real time and a bill that would give the FIU broader powers over unregistered operators. The message is blunt: fewer blind spots, fewer excuses, and less room for crypto sleaze to hide.
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MyTrade founder Liu Zhou pleaded guilty after U.S. prosecutors tied the firm’s “Volume Support” service to a wash-trading scheme that faked activity across about 60 cryptos. The case was exposed in an FBI sting using NexFundAI, and it’s a reminder that fake liquidity is just fraud with better branding.
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Crypto market makers keep tokens tradable by providing liquidity, but the same incentives that tighten spreads can also blur into manipulation. Behind the “instant fill” experience is a business built on fees, inventory, and influence — and crypto’s gray zones make the line between support and abuse dangerously thin.
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x402 Payments and AI Commerce: a16z and Artemis Expose Hype and Fraud on Base Network Are AI agents transacting on blockchain rails the future of finance, or just another crypto scam dressed in futuristic jargon? The x402 payment protocol, hyped as a game-changer for agentic AI commerce, has caught the eye of many with its […]
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Polymarket’s Trading Volume Tainted by Wash Trading, Columbia Study Exposes Polymarket, a heavyweight in the crypto-based prediction market arena, is under fire after a Columbia University study revealed that nearly 25% of its trading volume over the past three years stems from “artificial” wash trading. This bombshell raises hard questions about trust and integrity in […]
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DeFiLlama Delists Aster Data Amid Wash Trading Suspicions: DeFi Integrity at Stake DeFiLlama, a leading analytics platform in the decentralized finance space, has pulled the plug on Aster’s perpetual trading volume data, citing suspicious patterns that mirror Binance’s futures volumes with uncanny precision. This bold move has ignited controversy, tanked Aster’s token price, and raised […]
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US Court Fines Crypto Services Firm CLS Global for Wash Trading CLS Global, a UAE-based crypto market-making firm, has been slapped with a $428,000 fine by a U.S. federal court in Boston for engaging in wash trading, a deceptive practice that artificially inflates trading volumes. This case underscores the ongoing battle against market manipulation in […]
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CLS Global Fined $428,000 in FBI’s Operation Token Mirrors Crackdown on Crypto Market Manipulation In a significant blow to fraudulent practices in the cryptocurrency market, the FBI’s “Operation Token Mirrors” has led to a $428,000 fine for CLS Global, a UAE-based crypto market maker caught engaging in wash trading. The sting operation, launched in March […]
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FBI Charges CLS Global with Wash Trading on Uniswap: A Major Crackdown on Crypto Fraud FBI charges CLS Global with wash trading on Uniswap Sting operation “Operation Token Mirrors” uses fake project NexfundAI CLS Global to pay $428,000, cease U.S. operations, and report compliance The FBI has just thrown down the gauntlet on crypto fraud, […]
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