So Bitwise researched this and presented to the SEC when they were applying for their Bitcoin ETF back in january.

They found out that over 90% of the bitcoin volumes are indeed faked & came up with a list of top 10 exchanges with actual volume.

They cited 'Blockchain Transparency Institute' for this research... but the story is messed up. There's no information on who these guys are & CoinDesk later found out that Bitwise was involved as a partner. Now Blockchain Transparency Institute cannot be reached but their coin market data is still reachable here: bti.live.

But the question remains as to who Blockchain Transparency Institute is? Their data somehow supported the Bitwise presentation to say that Binance & Bitfinex are one of the top 10 trusted exchanges with actual volume.


There's an article which covers this story in whole detail here:
https://cryptowhistle.com/fake-volumes-of-cryptocurrency-exchanges-the-not-so-transparent-blockchain-transparency-institute/

Wash trading is the 'old' standard. I think 80% of all the top 100 exchanges do this despite everyone accusing them of doing so. They just simply don't care.

I hope the scammer is really using the $65 for a good cause. To throw away his hero account reputation just like that is a joke 

Good job on compiling this list! 

Suggest you hide the real name as it is not 100% confirmed that he is indeed him. And it can cause serious legal issues if the real person sees you doxxing him here like this lolz

0.1 btc starting price is a bit too expensive

So many hit & run chinese exchanges nowadays.

& using girls on Tinder to attract investors?  what sorcery is this haha

It surprises me how they just keep moving on to another scam after scam. How do they keep a straight face in life without feeling the guilt? some people... lol

Worthless shitcoin $$$ dead

I don't get why people invest in these shitcoins. Even the top 100 is struggling to keep up right now

48% profit in 15 hrs haha why don’t he just keep the profits himself