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.
Вам также может понравиться
Растущие активы
Последние новости криптовалют
A whale has deposited 1.01 million USDC into Hyperliquid to leverage 10x long on HOOD.
Trump to Announce Plan to Roll Back Car Fuel Efficiency Rules
Юпитер выпустил HumidiFi Token WET ICO Guidelines
Цена акций компании по добыче криптовалют, поддерживаемой семьей Трампа, "упала" вдвое за 30 минут.
Deutsche Bank: Если следующий председатель ФРС не сможет эффективно справиться с инфляционными рисками, доллар США может столкнуться с понижательным давлением
Служба поддержки:@weikecs
Деловое сотрудничество:@weikecs
Количественная торговля и ММ:[email protected]
VIP-программа:[email protected]