A Vanishing $212M Bitcoin Order Caused Chaos for Traders. Is Spoofing Back in Crypto?

Quick Summary:

Despite increased scrutiny, spoofing remains a challenge in crypto, highlighting the need for better surveillance and stricter regulations.

The order was then removed when the U.S.market opened as the price moved towards filling it.

Spoofing, or a strategy that mimics a fake order, is illegal, but for a young industry such as crypto, history is rife with such examples.

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Article Details

Author / Journalist: Oliver Knight

Category: Crypto

Markets: United StatesCuba

Topics: Bitcoin Finance Market analysis Exclusive Price Manipulation Market Manipulation News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-29 @ 13:06:04 (5 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 1011 words

Reading Time: 6 minutes read

Sentences: 61 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 28286864

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Main Topics: Crypto

Official Website: coindesk.com

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Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

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