Gate Exchange Accused of Fake Trading Volumes
Gate users are raising concerns about suspected artificial inflation of trading data, pointing to irregular spikes in volume over the last week. For instance, on December 5, the total trading volume reportedly skyrocketed to nearly $4 billion, a stark contrast to other days where it seldom exceeded $1.5 billion.
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Gate users are raising concerns about suspected artificial inflation of
trading data, pointing to irregular spikes in volume over the last week.
For instance, on December 5, the total trading volume reportedly
skyrocketed to nearly $4 billion, a stark contrast to other days where
it seldom exceeded $1.5 billion.
The RATS project, with tokens listed on Gate, has openly criticized
the exchange, urging users to withdraw their assets. The developers
behind RATS emphasize that exchanges should commit to transparency
rather than creating an illusion of higher activity.
Representatives of the exchange have attributed these fluctuations to
trading strategy issues among institutional users. They also claim that
this situation has not impacted the platform's functionality.
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