As was published in last months Bitforex has become the biggest wash trading exchange in the world with 99% of the daily trading volume being fake.
And to think that they even offer IEO services to new projects. I would not be surprised if someday we hear that they fake the token sale figures as well just like the accusations against IDAX before.
Actually, it has started. Projects are now lamenting on being defrauded by these wash trading exchanges.