🚀 Solidus Labs research: $2 billion was washed away on decentralized Ethereum exchanges! 😱

Solidus Labs, a cryptocurrency trading platform, has discovered that $2 billion of crypto assets have been flushed away from Ethereum-based decentralized exchanges (DEXs) since 2020. This indicates the prevalence of market manipulation in the world of decentralized finance (DeFi).

🔍 Highlights:

- About 30,000 DEX liquidity pools were studied, and flushes were found in 67% of them.

- In manipulated pools, flushes accounted for 16% of total trading volume.

- Flushes were used by scammers to attract investors to “carpet-pulling” projects.

📣 Discuss in the comments: how to deal with manipulation in the DeFi market?