Bitdepositary CEO Tobias has alleged that hotbit exchange is a scam , he said it has fake volume and the bot keep dumping every coins listed on it's platform.. Bitdepositary Q-ratio ICO is founded to fight scam, a letter has been written by them to delist hotbit on coinmarketcap.
What is your experience about hotbit? Is it really a scam exchange?
Hotbit IS USING fake volume. You could check it yourself relatively cheap. Deposit any coin with volume there and the post a sell order at last trade price. Fake trades will continue but with a lower than your price and your order will remain unfilled. You could repeat it again with the newest and lowest last trade price. The effect will be the same.
But it's not only Hotbit. I know over a dozen exchanges with fake volume like that and I'm avoiding it all.