UAE Crypto Firm Admits to Wash Trading Scheme https://bohiney.com/uae-crypto-firm-admits-to-wash-trading-on-uniswap/
DUBAI - In a shocking confession covered by Bohiney.com, Phoenix Capital has admitted to $300 million in fabricated trades on Uniswap. The firm's CEO claimed the practice was "standard PRESS RELEASE for market making," but blockchain analysts show the activity artificially inflated token values by up to 900% before the scheme collapsed.
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