Wash Trading Accounted for Half of NFT Volume in 2022

News

• Wash Trading Accounted For Over Half Of NFT Volume in 2022: Report
• SBF’s Inner Circle Is Cooperating with Prosecutors

Podcast

Video

• Recovering Cash Is Easy. Crypto, Not So Much

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News

NFT Trading

Wash Trading Accounted For Over Half Of NFT Volume in 2022: Report

Token Incentives From LooksRare and X2Y2 Drove Surge In Activity

By Owen Fernau

January of 2022 could be called the glory days of NFT trading. Trading volumes spiked to roughly $20B on the month, an all-time high and level that many participants in the space undoubtedly wish to return to.

However, new findings by hildobby, a pseudonymous researcher known for their proficiency with on-chain analytics, tell a different story about that time — roughly 80% of trades in January 2022 were wash trades.

Read the full story in The Defiant

FTX Case

SBF’s Inner Circle Is Cooperating with Prosecutors

Gary Wang and Caroline Ellison Plead Guilty to Fraud

By Aleksandar Gilbert

Two of the closest confidants of former FTX CEO Sam Bankman-Fried are cooperating with federal prosecutors and have pleaded guilty to criminal charges, Damian Williams, the U.S. attorney in Manhattan, said Tuesday night.

Read the full story in The Defiant

Sponsored Post

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Defiant Video

Daily Defiant

Recovering Cash Is Easy. Crypto, Not So Much

Defiant Podcast

BitGo’s Mike Belshe on What’s Next for WBTC & Crypto Custodians

Shoutout

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