Billionaire investor Mark Cuban has suggested that the volumes on centralized exchanges are fake and that this will be the cause of the next crash.
The new year continues with expectations and rumors for the crypto industry. Many crypto projects are working hard to survive under heavy rumors. On the other hand, maximalists think that the bear market is over and that the uptrend will begin. One of the most important agenda topics of the sector was the cryptocurrency exchanges. Billionaire investor and Dallas Mavericks owner Mark Cuban has claimed that the volumes of centralized cryptocurrency exchanges are fake.
Mark Cuban Hits Central Cryptocurrency Exchanges!
Billionaire Mark Cuban, known for his crypto investments, has targeted centralized cryptocurrency exchanges. Cuban explained the reason for the subsequent collapse in the crypto market.
Cuban argued that 2023 will not be filled with crypto scandals compared to last year. Cuban, who supports several crypto projects and Web3 initiatives, touched on the direction of the industry. Cuban stated that the next collapse scenario will be experienced by the influence of centralized cryptocurrency exchanges.
The billionaire pointed out that there is tens of millions of liquidity in uninteresting tokens on centralized exchanges. Cuban claimed that these liquidity and volumes are fake data generated by centralized exchanges.
Stating that his claim is a guess, the billionaire added that he has no proof yet.
