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ZachXBT: edgeX Highly Associated with Crypto Trading Platform MEXC
Summary: ZachXBT revealed in a post that during their investigation, they noticed a significant connection between the decentralized derivative trading platform edgeX and some active market-making and funding networks around MEXC. They also proposed a working hypothesis that this network may be related to previous attacks on Hyperliquid through projects like Jelly Jelly and Zerebro. The ...
ZachXBT revealed in a post that during their investigation, they noticed a significant connection between the decentralized derivative trading platform edgeX and some active market-making and funding networks around MEXC. They also proposed a working hypothesis that this network may be related to previous attacks on Hyperliquid through projects like Jelly Jelly and Zerebro. The conclusions are currently based on on-chain and trading behavior analysis, awaiting further evidence for confirmation. Additionally, Amber Group has explicitly listed edgeX as one of the first incubation projects in their accelerator program amber.ac, and their official X account claims to be a permissionless liquidity network incubated by Amber Group.
