So, let me get this straight this is a scam because there was $214k in volume at the price of $0.17 and developer created tons of coins for himself? Couple of t

So, let me get this straight this is a scam because there was $214k in volume at the price of $0.17 and developer created tons of coins for himself? Couple of things which comes to mind: First, how do we know it wasn't simply rounds of wash trading which led to this? Dev(s) selling coins to himself or friends and family to bump up the price and volume? Because it seems people get stuck up on data like market cap, volume etc in crypto which can be faked easily. Second, the only exchange it is trading on is CoinExchange. What role, if any, do exchanges play in running these scams? Because it is harder to pull of volume and price markup without having a reference price feed.