What were the biggest business ethics scandals in the digital currency industry in 2017?

1 answers

• Shiva ShresthaFeb 17, 2022 · 3 years ago
  The digital currency industry in 2017 was marred by several high-profile business ethics scandals. One of the most significant scandals involved a popular cryptocurrency exchange, which was accused of engaging in wash trading. Wash trading refers to the practice of artificially inflating trading volumes by buying and selling assets to create the illusion of market activity. This unethical practice not only misled investors but also distorted market prices and hindered the development of a fair and transparent market. Another scandal that made headlines was the collapse of a major cryptocurrency mining company. The company, which had raised millions of dollars from investors, abruptly shut down its operations, leaving investors with significant financial losses. These scandals underscored the importance of conducting thorough due diligence and exercising caution when investing in the digital currency industry.
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