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Introducing DEX-Based Insider Trading Detection to HALO

Solidus Labs
May 18, 2023

Today, we're thrilled to introduce decentralized exchange (DEX)-Based Insider Trading Detection, a first-of-its-kind solution built to identify cryptocurrency insider trading taking place on-chain. 

DEX-Based Insider Trading Detection plots trades executed on decentralized exchange liquidity pools against a programmatic listing-event database, pinpointing cryptocurrency addresses that may be trading based on material nonpublic information.

Solidus research shows that since 2021, insiders have bought tokens ahead of more than half of all major crypto exchanges’ ERC-20 token listing announcements using DEXs. These insiders use DEXs to trade with pseudonymous cryptocurrency wallets rather than accounts subject to KYC requirements, and to buy tokens that, in many cases, have never before been listed on a centralized exchange. In doing so, they evade detection from legacy trade surveillance solutions.

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.” 

— Asaf Meir, Solidus Founder and CEO

To learn more about DEX-based Insider Trading Detection:

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