According to ArcaneResearch analyst Vetle Lunde, the ratio of open interest to reserves of MEXC and Bitget is as high as 457% and 428%; the ratio of spot daily trading volume to reserves is as high as 1348% and 57...

Wu said that according to ArcaneResearch analyst Vetle Lunde, the open interest and reserve ratios of MEXC and Bitget are as high as 457% and 428%; the daily spot trading volume and reserve ratios are as high as 1348% and 570%, this data from other exchanges Generally lower than 100%, it shows that the transaction data displayed by MEXC and Bitget official API are very suspicious and suspected of fraud.