CryptoSlate Citing Forta: 32 Counterfeit Tokens Maintain Quotes via Restricted Pools, External Sell Simulations All Fail
According to a report by CryptoSlate citing a study released by Forta on November 10, researchers identified 32 counterfeit tokens whose associated wallets maintained prices through repeated trades in restricted liquidity pools. When simulated external wallet sales were executed at the midpoint of each pool's active period, all 32 tests were rejected. Unlike legitimate assets such as USDT, the US dollar balances displayed in the wallets do not indicate that holders can actually sell at those quoted prices. The testing covered only the identified pools and time points, and does not apply to all markets or all times.
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