So basically those scam exchanges are sending fake volume through their API. They should be banned by CMC.
Everyone does, the only difference is by how much and how much they are paying CMC.
I've always told people that those billions in trade are all fake and every time somebody decides to throw a thousand or so in bitcoins in a dump we go down by 10 or 20% on something that shouldn't even make the charts blink.
It's becoming worse and worse, every damn thing is fake, the volume is fake, market cap if fake, fake news after fake news (no joke) after fake teams and companies, instead of becoming more mature the whole environment is just more toxic.
Unfortunately, a lot of newbies will go there, start trading, fill the pockets of owners with enough to bribe CM to shut up.
Probably the only way that *** will be delisted is not by angry emails for ten or twenty persons which CMC staff will not even read, but by one of the big boys like Binance getting annoyed by it.