Analysis: Insider Trading Suspected in PancakeSwap's July Trading Competition
BlockBeats News, September 12th, according to an article by Cointelegraph, PancakeSwap claimed that the winners of its July trading competition were randomly selected. However, blockchain records show that out of 1700 winning wallets, about half belong to interconnected wallet clusters.
This competition was the second of its kind hosted by PancakeSwap. Investors earned points by trading five Binance Smart Chain project tokens, including League of Traders (LOT), Bedrock DAO (BR), MilkyWay (MILK), NodeOps (NODE), and Moonveil (MORE). The competition's prize pool was worth $250,000.
A Cointelegraph investigation found that at least 850 winning wallets were funded by other winning wallets, which transferred BNB to each other to artificially increase trading volume and meet the threshold requirements. A League of Traders representative stated that these wallets were directly interconnected and all got selected, making the probability of this happening randomly close to zero. The prize distribution was unfair, and the winners seemed to be "manually picked" rather than randomly drawn.
También te puede interesar
Ganadores
Últimas noticias sobre criptomonedas
Zama: Sealed-Bid Dutch Auction Token Sale to Start on January 12
Michael Saylor hints at more purchases, 100% win-rate trader predicts market going long again
BiyaPay Analyst: HashKey's Listing Imminent, Hong Kong Stock Market Welcomes First Cryptocurrency Compliance Giant
Abraxas Capital has allocated half of its funds to purchase HYPE spot, with a position reaching $56 million.
BNP Paribas: Fed to Continue Cutting Interest Rates Next Year, Room for Further Decline in US Bond Yields
Atención al cliente:@weikecs
Cooperación empresarial:@weikecs
Trading cuantitativo y MM:[email protected]
Programa VIP:[email protected]