Aster, money-laundering trade allegations raised…"Abnormal correlation with Binance trading volume"

Allegations of money laundering have been raised against decentralized derivatives exchange Aster (ASTER).

On the 6th (local time), according to The Block, on-chain data platform DefiLlama removed Aster from its data tracking list. This was because Binance's perpetual futures trading volume and Aster's trading volume showed an abnormally high correlation.

0xngmi, co-founder of DefiLlama, said, "In recent days, Aster's trading volume has shown an abnormally high correlation with Binance's futures trading volume," and "Since last weekend, Aster's and Binance's volumes have moved in almost identical patterns." He went on to raise suspicions about money-laundering trades, saying, "Verification is difficult because access to lower-level data such as who places and executes orders is impossible."

Accordingly, DefiLlama also said, "We will exclude Aster's derivatives trading volume from the data platform until verification," and added, "The people who made this decision do not hold Aster or competing platform Hyperliquid (HYPE)."