Finance

Anomalous trades on Gate.io

Recent order size distribution on Gate.io deviates from other markets and contradicts Benford's law.

Spot market trades on Gate.io show signs of falsified numbers. Below are the distributions of leading, second, and third digits for the size of executed trades as compared to Benford’s law expected distributions. Evidence based on Benford’s law has been used by ACFE to discern naturally occurring statistical deviations from fraud.

Gate.io demonstrates a noticeable overuse of certain numbers, possibly indicating non-standard trading activity on the exchange. Recent order size distribution for various coins deviates from other markets and contradicts Benford’s law. It’s worth mentioning that these anomalous trading patterns have been observed across trading pairs listed on this exchange.

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