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Aster Derivatives Exchange Sees Suspicious Trading Activity as 10 Traders Drive $18.2B Volume
Aster Derivatives Exchange Sees Suspicious Trading Activity as 10 Traders Drive $18.2B Volume
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BTCCSquare news:
Aster, a decentralized derivatives platform, has drawn scrutiny after blockchain analyst 'dethective' revealed that just 10 traders accounted for $18.2 billion in volume—triple the $5.6 billion handled by competitor Hyperliquid. The activity suggests potential wash trading or airdrop farming, with one wallet generating $4.2 billion in trades for only $14,000 in profit.
Two wallets, funded simultaneously with identical amounts, executed $1.7 million in volume each, raising suspicions of sybil attacks targeting token rewards. Despite the questionable activity, Aster has emerged as one of DeFi's top fee generators, highlighting the platform's growing influence amid regulatory gray areas.
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