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Spartan Group Managing Partner: Short Position Information Leaked by a Major Cryptocurrency Exchange

Spartan Group Managing Partner: Short Position Information Leaked by a Major Cryptocurrency Exchange WikiBit 2023-11-28 17:24

Spartan Group Managing Partner: Short Position Information Leaked by a Major Cryptocurrency Exchange

Spartan Group Managing Partner Kelvin Koh stated on the X platform that while trading on a significant large centralized crypto exchange, they discovered that the exchange leaked their short position information to certain contacts within the industry. He mentioned that this breach violated the confidentiality of customer information. As a result, they decided to terminate their trading activities on this exchange.

Kelvin Koh expressed shock over the incident, especially at how easily this information was shared. If any exchange employee can access customer trading positions and share them with random parties, it suggests that the exchange lacks proper control measures. Additionally, the exchange in question is one of the largest centralized exchanges, prompting him to call for stricter regulations on centralized exchanges.

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