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🤑 Word of the Day = SPOOFING 🎭
👉 WODL 👈
The term "spoofing" refers to the act of deceiving or tricking someone by impersonating a trusted source, often to gain an unfair advantage or steal information.
In finance and crypto markets, spoofing is a manipulative practice where traders place fake orders they intend to cancel, aiming to mislead other traders about supply and demand. This kind of behavior can distort markets and undermine trust. Understanding spoofing is essential to recognize risks, promote transparency, and foster fair trading environments.
How do you protect yourself from spoofing attempts? Have you ever encountered suspicious activity that made you question the market’s integrity?
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