Crypto investigator ZachXBT shared a statement from EdgeX exchange, where the exchange allegedly admitted to controlling nearly the entire token supply while investigating itself and finding no wrongdoing. This raises concerns about insider control and transparency.
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EdgeX Exchange Accused of Insider Control by ZachXBT
IN SHORT
Crypto investigator ZachXBT shared a statement from EdgeX exchange, where the exchange allegedly admitted to controlling nearly the entire token supply while investigating itself and finding no wrongdoing. This raises concerns about insider control and transparency.
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ZachXBT is a well-known pseudonymous investigator in the cryptocurrency space, often uncovering fraud and misconduct.
A low float refers to a small number of tokens available for public trading, which can make the price more susceptible to manipulation.
Insider control can lead to unfair market advantages, price manipulation, and a lack of trust among retail investors.