***Wash trading on Blitz is strictly prohibited and explicitly banned under Blitz’s Terms of Use.
Attempts to wash trade on Blitz in any capacity, whether to manipulate the Blitz Points system or for any other reason, will be dealt with swiftly and appropriately.
Wash trading typically involves two accounts trading directly against each other to induce artificial market activity with specific intent. The trading usually comprises the vast majority of their volume and is trivial to detect. It is difficult to accidentally wash trade, and suspected cases of wash trading will be flagged rapidly as evidence emerges.
Addresses involved in wash trading on Blitz will be excluded from all Blitz Points. Complicit accounts will be added to a list of excluded wallets from the Blitz Points program. Further actions deemed necessary may also be taken against wash trading accounts based on the circumstances.
Any impact across relevant exchange data (e.g., volume, trading fees, etc.) from wash trading on the Blitz Points program for a given epoch will be vacated, meaning regular users' Blitz Points will NOT be diluted by wash trading activity.
