Representatives of the research team Blockchain Transparency Institute (BTI), calling for honesty and transparency in cryptosphere, published a work which shows that more than 70 of the top 100 kryptomere tracked service CoinMarketCap, involved in the laundering of illegal funds. The analysis of data on 130 cryptomeria suggests that the stated daily trading volume daily overstated by $6 billion, and laundered the amount exceeds 67% of the daily trading volume.
Leaders in this field have been of crypto currency exchange BCEX, LBank, Bit Z, ZB and Bibox that overstate their results in 22000, 4400, 469, 391 and 85 times, respectively. At the same time, according to the BTI, the data Huobi inflated to 12.5 times, and Upbit – 11 times.
Among kryptomere, which, according to researchers from BTI, give the correct statements, but can participate in money laundering by another model, named in order of decreasing trading volumes Binance, Bitfinex, Coinbase Pro Bithumb, Kraken, Bittrex, BitFlyer, Gate.io, HitBTC, Poloniex, Gemini, YoBit, Kucoin, CEX.io, Zaif, Indodax, BtcTurk, Cryptopia, BTC Markets, BX Thailand, Waves, Luno, OTCBTC, Bitso, Cobinhood, Tidex, Crypto Bridge, WEX, CoinExchange, Gatehub, Stocks.Exchange MercadoBitcoin, Coss, Crex24, DDex, BitcoinTrade, Bitbns, LiteBit.eu Altcointrader, Trade Satoshi, Coinut, Coinrail, Zebpay, Kuna.io Bilaxy, Kyber Network, C-Cex, Brazliex, Koinim, Coinfalcon, Nanex and Bisq.
Recall that in the spring the anonymous author has published on Medium a series of articles, which directly accuse CoinMarketCap fraud and deliberately giving users false information. Before CoinMarketCap accused of market manipulation when the service has excluded the Korean Bithumb crypto currency exchange, Coinone and Korbit from the calculation of the weighted average price of the leading cryptocurrency.
The UPbit crypto currency exchange on the eve reported that its profit for the first half amounted to $100 million While at the same time Bithumb was able to get $35 million profit.
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