Crypto ‘uninvestable’ if exchanges ignore manipulation: DeFiance CEO

A crypto investment executive said the biggest problem with digital asset markets is price manipulation, claiming that collusion between market makers and exchanges distorts token prices. 

Arthur Cheong, founder of crypto investment firm DeFiance Capital, said in an X post that market makers and crypto projects work together to create artificial prices that can be sustained for long periods. Cheong wrote: 

“You don’t know whether the price is a result of organic demand & supply or simply…