Understanding Wash Trading in Crypto
To take profit, 0x9e8 simply had to withdraw two-sided liquidity from the pool, which now consisted of much more ETH (worth about $3,700 at the time) and less SHIBAFARM (effectively worthless) than before. In traditional finance, self-trade prevention functionality (STPF) is built into modern exchanges. Two nights later, SHIBAFARM’s deployer created a new token, SHIBASWAP, and repeated this process from […]