FinCrime Intelligence
Crypto markets have long grappled with the challenge of insider trading, and recent research suggests that insiders may exploit as many as 25% of all token listings through Decentralized Exchanges (DEXs). This revelation indicates that the enforcement actions targeting insiders on centralized exchanges and NFT marketplaces may only scratch the surface of a much larger problem.
Addressing this alarming market manipulation phenomenon head-on, Solidus Labs, the leading provider of crypto trade surveillance solutions, has unveiled the industry’s first DEX-Based Insider Trading Detection tool. This groundbreaking technology, already utilized by regulatory agencies and select clients, combines on-chain and off-chain data to monitor major DEXs for suspicious token swaps indicative of insider trading.
Solidus Labs’ founder and CEO, Asaf Meir, emphasizes the significance of this transparent solution, stating, “Providing this level of transparency is a major step toward de-risking DeFi – allowing the industry and regulators to assess the true magnitude of insider trading in cryptocurrencies, investigate and root out rogue traders, and uphold fundamental market integrity and consumer protection standards.”
The DEX-Based Insider Trading Detection tool marks the latest addition to Solidus HALO, the firm’s comprehensive suite of crypto-native market integrity solutions. HALO, currently deployed to monitor over 1 trillion events daily across 150 markets, safeguards the interests of more than 25 million retail and institutional entities.
Solidus Labs stands at the forefront as the industry-defining provider of crypto-native triple T (3T) market integrity solutions, encompassing trade surveillance, transaction monitoring, and threat intelligence. With a steadfast mission to foster safe crypto trading across centralized and DeFi markets, Solidus Labs has spearheaded initiatives like the Crypto Market Integrity Coalition and DACOM Summit, exemplifying its commitment to shaping the future of financial markets.
Crypto exchanges, financial institutions, and regulators worldwide rely on Solidus HALO, the firm’s real-time, comprehensive, testable, and future-proof platform. By safeguarding businesses from known forms of market abuse and emerging crypto-specific risks, Solidus Labs enables its clients to grow faster and safer within the rapidly evolving crypto landscape.
As the cryptocurrency industry continues to mature, the need for robust surveillance and compliance measures becomes increasingly vital. Solidus Labs’ cutting-edge solutions empower regulators and market participants to combat insider trading, maintain market integrity, and build a foundation of trust in the crypto ecosystem. By leveraging the power of advanced technology and comprehensive data analysis, Solidus Labs is shaping a more transparent and secure future for crypto trading.
In an era where decentralized finance (DeFi) is gaining momentum, the launch of the DEX-Based Insider Trading Detection tool marks a significant milestone. By proactively addressing market manipulation on DEXs, Solidus Labs provides regulators and stakeholders with a valuable tool to identify and mitigate illicit activities. This pioneering solution serves as a catalyst for the growth and maturation of the crypto industry, reinforcing its commitment to transparency, fairness, and investor protection.
As the crypto landscape continues to evolve, Solidus Labs remains at the forefront of developing innovative solutions that enable safe and compliant trading. By partnering with industry players, regulators, and market participants, Solidus Labs contributes to building a resilient and trustworthy crypto ecosystem that can unlock the full potential of decentralized finance.
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