Topic: XinFin (XDCe) guilty of wash trading (Read 201 times)
If the authenticity of projects are judged by the fact that they are wash trading, then I think almost all major Cryptocurrency would be tagged a scam, as much as that shouldn't be the case, it is becoming more and more acceptable these days, the fact is that if most project stop wash trading, there would be little or no volume left for them.
XinFin is probably very small exchange because I have never heard about it. But it is well known that crypto exchanges are cheating and use unfair practices like wash trading. Only Binance and Coinbase looks legit from the list of the biggest crypto exchange.
XDCe is guilty of wash trading. Sec investigating # Source Pair Volume (24h) Price Volume (%) Category Fee Type Updated 1 Mercatox Mercatox XDCE/ETH $85,267
Please staY AWAY FROM THIS SCAM.we HAVE LOST OUR MONEY.
Thanks for the heads up @OP but wash trade and fake volumes have always been in the crypto industry for quite sometime now. It would be so heartbreaking to tell you that even popular and renowned exchanges in this industry have some sort of fake volumes at some point in time. The worst of exchange platforms with severe form of wash trades and fake volumes are HitBtc, Yobit, Latoken etc.Please staY AWAY FROM THIS SCAM.we HAVE LOST OUR MONEY.
It's so rampant on the market and totally bad to see those coming up specially coinmarketcap tolerated them and hopefully it will be sort out so that we can see a real trading volume on all exchangers here and those washed up exchange like Xinfin will gone totally. But so far the most worse exchange I go through is p2pb2b and gladly they have been busted since as I see Xinfin is little much appealing to the newbies.
XDCe is guilty of wash trading. Sec investigating # Source Pair Volume (24h) Price Volume (%) Category Fee Type Updated 1 Mercatox Mercatox XDCE/ETH $85,267
Please staY AWAY FROM THIS SCAM.we HAVE LOST OUR MONEY.
Thanks for the heads up @OP but wash trade and fake volumes have always been in the crypto industry for quite sometime now. It would be so heartbreaking to tell you that even popular and renowned exchanges in this industry have some sort of fake volumes at some point in time. The worst of exchange platforms with severe form of wash trades and fake volumes are HitBtc, Yobit, Latoken etc. Please staY AWAY FROM THIS SCAM.we HAVE LOST OUR MONEY.
what do you wanna say mate? this article doesnt tell about XDCe at all
it is all about regulation from SEC which isnt correlated with XDCe
or you just wanna spread FUD without any relevant proof?
uhmm... you are dissapointed after losing much money because of XDCe coins?
it is all about regulation from SEC which isnt correlated with XDCe
or you just wanna spread FUD without any relevant proof?
uhmm... you are dissapointed after losing much money because of XDCe coins?
There are many coin that are guilty of this also. Even exchanges are also guilty of wash trade and they gives misleading information to their investors which is really bad. Nice work from SEC but will prefer if it is extended to other token and exchange which are also guilty
There are other exchanges that conducts wash trading with other altcoins too and even without SEC, they can be guilty of wash trading.
The team has proven to be unreliable in the past and I have no love for this project because they don't keep their word at all.
It's best for anyone not to rely with this kind of coin. Also, before investing DYOR. Others are forgetting about this, they are always brought up by those promises and words from the devs. 
There are many coins that are guilty of this and some of them are even unwitting participants, for example some exchanges participate in wash trading so they could have a good position in CMC and one of the fake volume comes from trading bitcoin and ethereum, some of these token developers are not even the ones doing things like this, sometimes it's just the exchanges they are listed on doing it, but since Xinfin is in Mercatox, I think the blame for this one should lie squarely on the feet of the team.
The team has proven to be unreliable in the past and I have no love for this project because they don't keep their word at all.
The team has proven to be unreliable in the past and I have no love for this project because they don't keep their word at all.
So SEC will only protect US customers. It is very unlikely that the SEC will investigate this.
Or unless it has the possibility to disrupt the US market.But this is just a very small thing, i dont see any point for SEC to waste their effort, they are busy with TG and Libra.
Wash trading is also done on a large exchange.
https://cryptoslate.com/unlawful-practices-hit-top-cryptocurrency-exchanges-including-binance/
https://cryptoslate.com/unlawful-practices-hit-top-cryptocurrency-exchanges-including-binance/
I dont think that SEC would even investigate this if i remember they excluded US investors in their ICO sale then the chance of SEC going for this is pretty low.
SEC will only move if it will affect the US citizens but now most exchanges aren't even accepting US customers.
So SEC will only protect US customers. It is very unlikely that the SEC will investigate this. SEC will only move if it will affect the US citizens but now most exchanges aren't even accepting US customers.
Can you shere me any link for scam announced investigation even i am very excited about now because i was holding 10k xdce token. Actually i understand something before this project eco not smart and very poor developing because there token value more time die.
I dont think that SEC would even investigate this if i remember they excluded US investors in their ICO sale then the chance of SEC going for this is pretty low.
SEC will only move if it will affect the US citizens but now most exchanges aren't even accepting US customers.
SEC will only move if it will affect the US citizens but now most exchanges aren't even accepting US customers.
It's not yet investigated by SEC but XINFIN has a lot of possibilities to be considered as a crap coin that has already used for wash trading. That article contains how regulation that has already made by SEC has changed the cryptocurrency right now.
But it's not stated if XINFIN will be investigated by SEC or at least not yet.
It can be categorized as a manipulated coin.
But it's not stated if XINFIN will be investigated by SEC or at least not yet.
It can be categorized as a manipulated coin.
First of all, that doesn't answer my question, it doesn't say that sec is investigating XDCe, it's just a vague threat about securities and regulations that's nothing new.
Secondly, i am sorry for your loss, but a price drop and wash trading are 2 different problems that aren't really even related.
XDCe is guilty of wash trading. Sec investigating # Source Pair Volume (24h) Price Volume (%) Category Fee Type Updated 1 Mercatox Mercatox XDCE/ETH $85,267
Please staY AWAY FROM THIS SCAM.we HAVE LOST OUR MONEY.
Please staY AWAY FROM THIS SCAM.we HAVE LOST OUR MONEY.
Can you link me that sec investigation about this? It seems implausible because LOTS of exchanges are purely wash trading and never got any sec interest. And now suddenly some lowcap coin would got their attention? If it is another shitcoin with fake volume, you don't have to invent stuff on top of it.
XDCe is guilty of wash trading. Sec investigating # Source Pair Volume (24h) Price Volume (%) Category Fee Type Updated 1 Mercatox Mercatox XDCE/ETH $85,267
Please staY AWAY FROM THIS SCAM.we HAVE LOST OUR MONEY.
Please staY AWAY FROM THIS SCAM.we HAVE LOST OUR MONEY.
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