A slew of recent articles has demonstrated that the issue of crypto exchanges faking trading volumes is not going anywhere.
There seems to be no clear solution to this problem yet. Many have suggested more transparency on how the exchange works, such as the exchange order book maybe even publishing their full order book for all to see (if this is possible) so as not to disappoint investors and users on the platform.
More importantly, maybe we need a better crypto exchange that takes security more seriously and has more safeguards to protect investors from unexpected losses. After all, as traders, our goal is not to predict the market, but rather to take advantage of existing price inefficiencies to make a profit, not a stalemate.