Research says the 2017 bull market may be produced by Bitfinex

Last year, Texas scholar John Griffin caused a stir because of the idea that the 2017 cryptocurrency bull market was manipulated. Recently, the scholar has updated his point of view: behind the manipulation behavior may be a large household, the big seems to have the power to control the price of bitcoin at will. According to his research with another scholar, Amin Shams, the banker's identity is “the entity behind Bitfinex” (they don't specify which entity it is), according to their point of view, this entity The bitcoin price can be increased when bitcoin falls below a certain threshold. Tether opposed the allegation, and its general counsel, Stuart Hoegner, argued in the statement that the paper “has a fundamental flaw” and that the paper is based on an insufficient data set.