Binance CEO Calls Ribes Study a “Good In-Depth Analysis”

HitBTC is a low liquid touch and can be seen small differences due to various reasons. Ribs said that the result of Binnance was "more complicated", but it notes that the exchange is "a very restrictive policy in the case of API trading".

Ribs explains, "inspecting their volume history does not show any apparent suspicious activity"

After the release of the report, Biao's CEO Zhao Changpeng said that the study of Ribs was "good analysis". SOURCE https://news.bitcoin.com/study-finds-3b-worth-of-faked-cryptocurrency-volumes-and-wash-trades/