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We introduce systematic tests exploiting robust statistical and behavioral patterns in trading to detect fake transactions on 29 cryptocurrency exchanges. Regulated exchanges feature patterns consistently observed in financial markets and…

综合经济学 · 经济学 2021-08-26 Lin William Cong , Xi Li , Ke Tang , Yang Yang

Wash trading is a form of market manipulation where the same entity sells an asset to themselves to drive up market prices, launder money under the cover of a legitimate transaction, or claim a tax loss without losing ownership of an asset.…

综合金融 · 定量金融 2023-05-03 Derek Liu , Francesco Piccoli , Katie Chen , Adrina Tang , Victor Fang

Cryptoassets such as cryptocurrencies and tokens are increasingly traded on decentralized exchanges. The advantage for users is that the funds are not in custody of a centralized external entity. However, these exchanges are prone to…

密码学与安全 · 计算机科学 2021-02-16 Friedhelm Victor , Andrea Marie Weintraud

The smart contract-based markets for non-fungible tokens (NFTs) on the Ethereum blockchain have seen tremendous growth in 2021, with trading volumes peaking at 3.5b in September 2021. This dramatic surge has led to industry observers…

密码学与安全 · 计算机科学 2022-02-09 Victor von Wachter , Johannes Rude Jensen , Ferdinand Regner , Omri Ross

The Non-Fungible Token (NFT) market in the Ethereum blockchain experienced explosive growth in 2021, with a monthly trade volume reaching \$6 billion in January 2022. However, concerns have emerged about possible wash trading, a form of…

计算机与社会 · 计算机科学 2024-09-04 Massimo La Morgia , Alessandro Mei , Alberto Maria Mongardini , Eugenio Nerio Nemmi

The cryptocurrency market is a very huge market without effective supervision. It is of great importance for investors and regulators to recognize whether there are market manipulation and its manipulation patterns. This paper proposes an…

综合金融 · 定量金融 2019-02-07 Weili Chen , Jun Wu , Zibin Zheng , Chuan Chen , Yuren Zhou

Wash trading in decentralized markets remains a significant concern magnified by the pseudonymous and public nature of blockchains. In this paper we introduce an innovative methodology designed to detect wash trading activities beyond…

计算工程、金融与科学 · 计算机科学 2023-12-29 Aleksandar Tošić , Niki Hrovatin , Jernej Vičič

NFTs (Non-Fungible Tokens) have seen significant growth since they first captured public attention in 2021. However, the NFT market is plagued by fake transactions and economic bubbles, e.g., NFT wash trading. Wash trading typically refers…

密码学与安全 · 计算机科学 2024-07-23 Shijian Chen , Jiachi Chen , Jiangshan Yu , Xiapu Luo , Yanlin Wang

As emerging digital assets, NFTs are susceptible to anomalous trading behaviors due to the lack of stringent regulatory mechanisms, potentially causing economic losses. In this paper, we conduct the first systematic analysis of four…

密码学与安全 · 计算机科学 2024-03-18 Yuanzheng Niu , Xiaoqi Li , Hongli Peng , Wenkai Li

Bitcoin is firmly becoming a mainstream asset in our global society. Its highly volatile nature has traders and speculators flooding into the market to take advantage of its significant price swings in the hope of making money. This work…

机器学习 · 计算机科学 2021-10-29 Nathan Crone , Eoin Brophy , Tomas Ward

We develop a new framework to detect wash trading in crypto assets through real-time liquidity fluctuation. We propose that short-term price jumps in crypto assets results from wash trading-induced liquidity fluctuation, and construct two…

风险管理 · 定量金融 2025-04-01 Qi Deng , Zhong-Guo Zhou

Cryptocurrencies have gained tremendous popularity over the past few years. The purpose of this study is to try to understand the factors that are driving cryptocurrency-related trading activities. Focusing on the well-established…

计算机与社会 · 计算机科学 2019-01-04 Natalia Jerdack , Akmaral Dauletbek , Meredith Divine , Michael Hult , Arthur Carvalho

Dark markets are commercial websites that use Bitcoin to sell or broker transactions involving drugs, weapons, and other illicit goods. Being illegal, they do not offer any user protection, and several police raids and scams have caused…

This research aims to identify how Bitcoin-related news publications and online discourse are expressed in Bitcoin exchange movements of price and volume. Being inherently digital, all Bitcoin-related fundamental data (from exchanges, as…

统计金融 · 定量金融 2018-11-09 Marvin Aron Kennis

We mine the leaked history of trades on Mt. Gox, the dominant Bitcoin exchange from 2011 to early 2014, to detect the triangular arbitrage activity conducted within the platform. The availability of user identifiers per trade allows us to…

综合金融 · 定量金融 2021-09-24 Pietro Saggese , Alessandro Belmonte , Nicola Dimitri , Angelo Facchini , Rainer Böhme

In recent years, cryptocurrencies have attracted growing attention from both private investors and institutions. Among them, Bitcoin stands out for its impressive volatility and widespread influence. This paper explores the predictability…

统计金融 · 定量金融 2025-04-29 Grégory Bournassenko

Cryptocurrencies gained lots of attention mainly because of the anonymous way of online payment, which they suggested. Meanwhile, Bitcoin and other major cryptocurrencies have experienced severe deanonymization attacks. To address these…

密码学与安全 · 计算机科学 2022-04-06 Ardeshir Shojaeenasab , Amir Pasha Motamed , Behnam Bahrak

Cryptocurrencies are distributed systems that allow exchanges of native tokens among participants, or the exchange of such tokens for fiat currencies in markets external to these public ledgers. The availability of their complete historical…

In the last years, cryptocurrencies are increasingly popular. Even people who are not experts have started to invest in these securities and nowadays cryptocurrency exchanges process transactions for over 100 billion US dollars per month.…

计算机与社会 · 计算机科学 2024-09-04 Massimo La Morgia , Alessandro Mei , Francesco Sassi , Julinda Stefa

The availability of data on digital traces is growing to unprecedented sizes, but inferring actionable knowledge from large-scale data is far from being trivial. This is especially important for computational finance, where digital traces…

社会与信息网络 · 计算机科学 2016-05-13 David Garcia , Frank Schweitzer
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