Home » Solidus Labs Raises $3 Million to Combat Crypto Market Manipulation

Solidus Labs Raises $3 Million to Combat Crypto Market Manipulation

Solidus Labs, a trade surveillance firm whose team includes former Goldman Sachs fintech engineers has raised $3 million to combat crypto market manipulation. The funding round was led by Israeli venture capital firm Hanaco Ventures.
news - Solidus Labs Raises $3 Million to Combat Crypto Market Manipulation

Solidus Labs, a trade surveillance firm whose team includes former Goldman Sachs fintech engineers has raised $3 million to combat crypto market manipulation. The funding round was led by Israeli venture capital firm Hanaco Ventures.

Solidus Labs plans to further develop its crypto-oriented market surveillance tools designed for financial institutions and exchanges interacting with crypto assets.

By implementing artificial intelligence (AI) and machine learning technologies, Solidus analyzes trading patterns and detects anomalies in real time, enabling compliance officers to react immediately.

According to press release, the Solidus Labs software-as-a-service application has managed to reduce trading manipulation false positives by 30 percent to date, which reportedly contributed to improving manipulation detection techniques.

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