What is Crypto Spoofing?

Spoofing in the context of cryptocurrency refers to falsely presenting oneself as the owner of a particular digital asset to deceive and defraud others. One example of crypto spoofing is when a trader places large buy or sell orders on a cryptocurrency exchange to manipulate the market. By creating the illusion of high demand for a particular digital asset, the trader may be able to cause its price to move in a certain direction. For example, a trader may place…