CoinTelegraph - Can exchanges create imaginary Bitcoin to dump price? Crypto platform exec answers
An executive of virtual currency exchanges claims that in order to manipulate the market, some exchanges can create and sell BTC that exists only in their systems, not on the blockchain.
If someone wants to dump the market, just go to this unaudited offshore exchange and borrow $100 million worth of BTC with $10 million in Tether as collateral .
Then, the internal market maker team sell this Bitcoin, causing the price of Bitcoin to collapse on all exchanges.
Are you a Bitcoin holder too? Be careful with this dump!!
