CoinMarketCap, one of the central crypto price listing websites, has been used as a vehicle to present newly arrived exchanges. Usually, those new markets show up with immense volumes, rising to the top while aiming to become industry names.
LAToken’s Crypto Volumes Once Again in Spotlight
LAToken, one of those exchanges, has caught attention for its specific brand of shady activity. The market operator looks undercapitalized while reporting disproportionately high volumes.
CryptoTwitter is currently lambasting LAToken, for reporting volumes on par with Binance, while showing rather scant resources.
Great thread breaking down LAToken
I agree that @CoinMarketCap should be getting more heat for aiding and abetting these exchanges
$900mill reported daily volume vs only a few k ETH in exchange wallet
IEO sales going straight to EOS ICO https://t.co/BSSgUTcql4
— Su Zhu (@zhusu) January 1, 2020
To be sure, CoinMarketCap has wised up on the disparity between reported and adjusted volumes and has started excluding exchanges with…