I agree, the version of the paper published for the Workshop on the Economics of Information Security http://weis2017.econinfosec.org/wp-content/uploads/sites/3

I agree, the version of the paper published for the Workshop on the Economics of Information Security http://weis2017.econinfosec.org/wp-content/uploads/sites/3/2017/05/WEIS_2017_paper_21.pdf http://weis2017.econinfosec.org/wp-content/uploads/sites/3/2... has a large number of small mistakes and the statistical analysis performed is pretty poor and badly explained. And you're right, it is not really market manipulation, it is blatant fraud by Mark Karpeles and he will almost certainly be found guilty of that charge in Japan. It is strange that the paper makes no mention of his conviction for fraud.