🚨 According to a report from Solidus Labs, over 20,000 crypto tokens have been manipulated via wash trading on decentralized exchanges (DEXs) over the past three years.

• Of the 30,000 Ethereum-based liquidity pools, about 70% have experienced wash trades since September 2020, representing about $2 billion in crypto.

• Wash trading is a form of market manipulation where an entity buys and sells the same asset, creating a false impression of market activity.

• Market manipulation remains a significant problem in the crypto industry, especially as regulatory scrutiny and institutional adoption increases.