wash trading
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Some Artists & Collectors Are Pumping Up Their NFT Prices, Study Finds
- February 10, 2022
- Posted by: MasterAdmin
- Category: Cryptocurrency
No CommentsA graph maps the transactions that one seller made to hundreds of addresses, many of which were likely their own (all images courtesy Chainalysis)
A new report from the blockchain data platform Chainalysis finds that a number of traders are selling non-fungible tokens (NFTs) to themselves to artificially inflate their value. The practice, known as “wash trading,” has been long banned for the exchange of securities and futures.…