Meet ‘Spoofy’. How a Single entity dominates the price of Bitcoin.
This story is about a trader, or a group of traders, or possibly even Bitfinex themselves manipulates the price of Bitcoin. The past few months I’ve slowly collected screenshots of a trader I like to call ‘Spoofy’. You’ll see evidence of spoofing, wash trading, a sketchy scheme associated closely with Bitfinex known as ‘Tether’ among other shenanigans.
Spoofy makes the price go up when he wants it to go up, and Spoofy makes the price go down when he wants it to go down, and he’s got the coin… both USD, and Bitcoin of course to pull it off, and with impunity on Bitfinex.
Update: August 7th, 2017.
Phil Potter referred to me in an interview on August 6th, and claimed they have not seen the kind of activity I’m talking about.
This is a video showing activity on July 22nd, 2017 and contains Phil Potters comments along activity that he claims isn’t happening.
You be the judge.
Since March 2017, I’ve been warning people about the issues regarding Bitfinex and their disconnection from the traditional banking system.
Read More: medium.com