Billionaire Mark Cuban Warns of Next Crypto Implosion Coming From Wash Trades

Billionaire Mark Cuban Warns of Next Crypto Implosion Coming From Wash Trades


Mark Cuban, a Shark Tank star and the owner of the NBA team Dallas Mavericks, has warned that the next crypto implosion could come from “the discovery and removal of wash trades” on centralized exchanges. The billionaire’s comments followed the collapse of crypto exchange FTX which wiped out billions of dollars of customer funds.

Mark Cuban on the Next Crypto Implosion

Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, shared his thoughts on the next crypto implosion with The Street, published Friday. The billionaire said:

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I think the next possible implosion is the discovery and removal of wash trades on central exchanges.

“There are supposedly tens of millions of dollars in trades and liquidity for tokens that have very

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