Post 4
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Very Important
In 2024, Gotbit, a firm notorious for market manipulation, was charged with engaging in wash trading schemes to artificially inflate the trading volume of several cryptocurrency tokens.
By repeatedly buying and selling the same assets, Gotbit created the illusion of active, high-demand markets for these tokens, tricking investors into believing that the assets had significant real-world interest and value. This manipulation led to a false sense of legitimacy, driving unsuspecting investors to buy in, believing they were investing in hot, in-demand tokens.