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Hyperliquid Founder Fires Back at CZ’s ‘Dark Pools’ Proposal – Details
- On Sunday, Binance founder Changpeng Zhao suggested creating a decentralized exchange inspired by dark pools, designed to keep transactions, holdings, and user funds confidential to safeguard traders.
- This proposal follows Zhao stepping down as Binance CEO in 2023 and responds to growing concerns about transparency enabling front-running, MEV attacks, and liquidations on current DEXs.
- Experts note the DEX would need to be trustless, non-custodial, cross-chain, and use atomic swaps and zero-knowledge proofs to ensure privacy while preserving decentralization.
- In light of recent developments, Zhao suggested that it could be an opportune moment for a developer to create a dark pool perpetual DEX, while Shekhawat emphasized that the first platform to achieve this could establish a new standard for privacy-focused DeFi.
- If realized, the platform could unlock institutional-grade DeFi by reducing slippage, manipulation, and front-running risk, thereby fostering a new privacy-driven phase in decentralized finance.
26 Articles
26 Articles
CZ’s 'Dark DEX' Vision Renews Push For Privacy-Preserving Yet Verifiable Crypto Trading Infrastructure
CZ proposes a dark DEX to protect large trades from front-running and manipulation. Zero-knowledge proofs are key to ensuring privacy without sacrificing verifiability. Industry debate grows on balancing transparency with secure, private trading infrastructure. A proposal by Binance founder Changpeng Zhao (CZ) has reignited debate across the crypto industry over the structure and privacy standards of decentralized exchanges. In a recent public s…
Bot Manipulation Undermines Binance Alpha Program, Triggering Immediate Security Upgrades and Fairness Measures
Binance has addressed flaws in its Alpha Points program. The crypto exchange recently announced that people have been misusing bots to try and improve their Alpha participation, which hurts the fairness of the initiative. Binance’s openness and fairness have been compromised, so the exchange has enhanced its provisions to notice and respond to these risks. The Impact of Bot Manipulation on the Alpha Points Program The Alpha Points program is mea…
Binance’s CZ Suggests Dark Pool DEX to Address DeFi Risks
Transparency Problem on DEX Binance co-founder and former CEO Changpeng Zhao (CZ) has ignited a new debate in the DeFi world with a proposal that could fundamentally reshape crypto derivatives trading. On June 2, CZ took to X (formerly Twitter) to question a core tenet of decentralized exchanges: radical transparency. Given recent events, I think now might be a good time for someone to launch a dark pool perp DEX. I have always been puzzled wi…
Revolution in Crypt Trade! Binance goes Against Manipulation In a bold move to transform cryptocurrency trade, Binance, led by its charismatic founder CZ, faces market manipulation. With the launch of a new dark DEX, the platform seeks to protect traders and ensure fairer and safer transactions against the constant challenges of the crypt world. Binance and CZ: Pioneers in Protection of Binance Trader, under the leadership of CZ, has always been…
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