Alameda Research Study Delves Into Faked Trade Activity Associated With Popular Crypto Exchanges


  • The study highlights that a majority of exchanges whose records were looked into showcased tx volume figures that didn't quite add up.
  • As per the study, established trading platforms such as FCoin, BitfForex and Coinbene all failed the benchmark tests put forth by Alameda’s research team.

It’s no secret that the cryptocurrency industry as a whole has been mired by a number of scandals (primarily related to Ponzi schemes, ICO scams and data manipulation) over the past couple of years. In this regard, an all-new study released by Alameda recently looked into the trade activities of various exchanges so as to assess whether the tx numbers put forth by them were legitimate or not.

From a technical standpoint, we can see that the research team looked at the trading history of a particular exchange and tried to assess whether or not “10% of the acquired information lay in line with the data that was present in the company’s records.” Similarly, they also looked at other metric standards so as to determine the authenticity of the records issued by various established crypto trading platforms such as Binance, HitBTC, Huobi, etc.

Other Key Data Worth Pointing Out

As per the report, the folks over at Alameda compared the tx volumes of different exchanges with their average volumes. Not only that, but the research team also weighed a firm’s total exchange order book with its trading volume.

Shockingly, the study revealed that a number of popular crypto exchange platforms such as FCoin, BitfForex, and Coinbene were all found to have indulged in some form of data manipulation or the other.

The study also revealed that a majority of the exchanges that were investigated failed Alameda’s ‘fraction print’ test.

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