anti-manipulation

Extended

2026-08-11 02:10:43

Extended DEX Purges 5.04M Manipulated Points, Cap Stays at 70M

According to ChainCatcher, Extended — a perpetual contracts DEX developed by former Revolut team members — has published updated results for its points program. The project removed 5,038,989 points generated through inorganic or manipulative activity, including cross-account volume pumping, self-referral abuse, Sybil wallet clusters, and coordinated multi-account behavior. Cross-account volume pumping refers to users running multiple accounts to inflate trading volumes, while self-referral abuse means recommending oneself to farm bonus points. The adjustment covers 4,017 affected accounts and 35 identified Sybil operations, which the program treats as prohibited conduct. After the cleanup, the total points supply stands at 64,673,031 as of August 10, 2026. Those excluded points were transferred back into the program budget, meaning legitimate participants can earn them later. Extended also confirmed the program's overall distribution cap remains at 70 million points. All changes were applied under quantitative rules written into the program terms. ChainCatcher published the update on August 11, 2026.

1980

Policy Regula

2026-08-08 10:12:51

CFTC Warns Regulated Entities on Event Contract Pricing Displays

The U.S. Commodity Futures Trading Commission (CFTC) has issued a notice reminding regulated entities that list, promote, or accept trading in event contracts to provide consumers with clear and accurate product pricing information. The notice stresses an obligation to display accurate derivative pricing and to avoid misleading market participants. The CFTC's Division of Market Oversight and Division of Market Participants stated that registered firms and associated persons must comply with regulatory requirements, ensure users fully understand product attributes in CFTC-regulated markets, and strengthen disclosure oversight for intermediaries, affiliates, and partners. The agency specifically flagged that using common American odds to show event contract prices can mislead traders about the nature of the product, and may prevent users from accessing key trading information such as market depth and price impact. The CFTC also said market participants should clearly present that products are event contracts on CFTC-regulated exchanges, and warned that misleading pricing displays connected to regulated products may violate U.S. federal rules prohibiting manipulative trading practices.

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