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All moments › Meta's Redemption Arc: Wall Street Is Buying the Muse Hype

Explaining B-booking fraud: fake order books and undisclosed internal desk operations.

From Meta's Redemption Arc: Wall Street Is Buying the Muse Hype · jumps to 1:46:28 · speech

▶ Open at 1:46:28 on YouTube
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They didn't go through to the real market, generate real revenue. So, you know, be booking, if it's disclosed, there's nothing wrong with it. Tons of firms, prop firms, places will be book, right? Be booking is a real thing. But if you're marketing yourself as a centralized exchange, but you have a internal desk that isn't just market making and trading against your customers, but it's a totally fake order book that is completely be booked. You're lying to your customers and it is absolutely most likely illegal, definitely unethical. Yeah, again, retail flow, especially with copy trading and flying to swings is hugely profitable to trade against blah, blah, blah.
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