Shark Tank star and Dallas Mavericks owner Mark Cuban has predicted the next crypto crash.
The billionaire's remarks followed the collapse of crypto exchange FTX, which lost billions of user assets.
Cryptocurrency exchanges have long worried about wash trading to boost trading volumes.
The Securities and Exchange Commission prohibits wash trades and other manipulative techniques (SEC)
Global regulators are tightening down on cryptocurrency wash trading.
The Shark Tank star labelled gold investors and said bitcoin is an excellent investment.
He also invested in crypto because smart contracts will “have a huge impact on building profitable applications.”