Did you know Bitfinex explicitly allows wash trading? "So what?" you may be thinking. Well, WT allows volume pumping which pump price! Uh oh!
Spoofy is a single entity (trader or group of traders) on Bitfinex single-handedly pumping and dumping the price of Bitcoin. Here's proof.
Many consider Bitcoin to be a type of digital gold - a store of value. In this post, we'll talk about why that's impossible in its current state.