Asaf Meir News

Solidus Labs, a leading entity in crypto-native trade surveillance and risk monitoring, has recently unveiled that a minimum of $2 billion worth of cryptocurrency has been wash-traded on Ethereum-based decentralized exchanges (DEXs) since 2020. This revelation is part of Solidus Labs' latest Crypto Market Manipulation Report.

Over 20,000 crypto tokens have been manipulated via decentralized exchange (DEX) wash trading in the last three years, according to market surveillance firm Solidus Labs.

The Crypto Market Integrity Coalition (CMIC) announced the induction of eight new members, the organization announced on Sept. 29. The organization now has 38 members.

The announcement comes on the backdrop of record breaking crypto and DeFi adoption - with some estimates placing total value locked (TVL) in DeFi at more than $200 billion in the beginning of 2022 - which has seen Solidus Labs quadruple its team over 2021 amid massive demand.In March, the firm unveiled its all-in-one crypto-native risk monitoring suite, Halo, which is currently monitoring more than one trillion trading events per day in more than 150 markets. The platform deploys over 50 different proprietary market abuse typologies, shielding investors and safeguarding crypto businesses from new threats unique to the crypto and decentralized finance space.“For Web3 and the DeFi economy to truly fulfill their massive potential, there’s a need to mitigate new risks - both in terms of liquidity enablement and on the consumer and investor protection side.

Market surveillance firm Solidus Labs completed a $15 million strategic round led by Liberty City Ventures on Friday. GSR and Exor Seeds also participated in the financing. This follows the company's $20 million Series A that concluded in May. Solidus' investors also include former CFTC Chair Christopher Giancarlo and former SEC commissioner Troy Paredes.