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www.wired.co.uk stated that a newspaper by researchers at the University of Texas at Austin's department of finance indicates that someone at Bitfinex cryptocurrency exchange may have artificially inflated the price of coins including bitcoin, ether, and Zcash. The responsible for this appears to have been Tether, a cryptocurrency with the same CEO as Bitfinex.
What are your thoughts about this? Do you think they really manipulated the price? Is it possible?
It's common practice among exchange and whales I have seen that happening so many times in the past and until now, in fact there are a lot of group on telegram that do pump on particular coins on exchange, Yobit is very notorious on this it's the home of the pump and dump coins.