On March 25th, the Beijing News published a paper entitled "Volume Sweeping, Malicious Downtime, Assisting Money Laundering, and Demystifying the Virtual Currency Routine." The article points out that in recent years, the speculation of virtual currency speculation has prevailed, and even under strong supervision, many exchanges are still committing crimes. According to the survey, the "Cutting Leek" routine of the virtual currency trading platform is frequent.
Routine 1: Abnormally high transaction volume, attracting customers to enter through fake transactions
Routine II: Malicious downtime forces leveraged trading to “crash” and manipulate the market
Routine 3: Use the characteristics of anonymization and decentralization of virtual currencies to launder money for criminals
Routine 4: The project party and the exchange are "family-like", with a team full-time "pull the disk"
Routine 5: New financing method goes online, pulls heads suspected of pyramid schemes
Routine 6: "Foreign Account" for Exchanges