1/ Breaking News: Crypto Market Maker GSR Accused of Bribery and Insider Trading Scandal
GSR, a prominent crypto market maker, is facing allegations of bribing centralized exchange teams to gain access to sensitive market trading data.
According to the allegations, GSR used these bribes to obtain detailed trading information from various exchanges, giving them a competitive edge.
With this privileged information, GSR is suspected of engaging in insider trading, a practice where trades are executed based on non-public information before other market participants can act.
The GSR bribery scandal was sourced by a former employee of GSR and https://t.co/NRQVcfmTYC has reviewed the evidence confirming the source.
Additionally, it was alleged that GSR has aggressive business development efforts in the US to assist US-based coin projects to avoid US securities law and enforcement by setting up overseas foundations out of jurisdictional reach.
Industry insiders agreed with the source, citing Ocean and Worldcoin as possible candidates that fit the description.