Bithumb is Losing $150,000 USD Daily to Washtrading

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

A broker has posted on Twitter claiming that an actor is exploiting Bithumb’s 120% fee payback to drain the stage of roughly $150,000 USD every day through washtrading.

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Alex Kruger, a cryptocurrency trader, took his twitter handle to post charges that Bithumb is losing generally $150,000 every day to a single opportunist actor who is exploiting the trade’s 120% fee payback plan.

Condensing his discoveries, Mr. Kruger states, “There currently are USD 250 million of fake volume traded at Korean crypto exchange Bithumb, every day at 11 AM Korean Time, since August/25.”

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