Gate News reports that on March 25, Web3 asset data platform RootData posted a daily transparency alert on X (formerly Twitter), pointing out that decentralized exchanges such as Hydration, Hyperbot, SideShift.ai, Lynex, and Beets lack core information including team details, key calendar events, and token data. RootData urges the relevant project teams to submit or update their information on the platform to improve transparency scores and states that it will continue to monitor and expose “black box” projects that omit essential information. It is understood that RootData’s transparency score measures the completeness and timeliness of project information, rated from high to low as A, B, C, D, and F. The lower the score, the less complete the project’s disclosures, and the higher the risk of malicious activity, requiring investors to remain highly vigilant.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Zondacrypto Exchange Faces Allegations of Misappropriating $350 Million, CEO Publicly Denies
One of Poland’s largest cryptocurrency exchanges, Zondacrypto, announced on April 16 via social media that its CEO, Przemysław Kral, said the exchange could not access a wallet holding 4,503 bitcoins, worth more than $350 million in current value. Kral published the address of the wallet in question to rebut allegations of misappropriation, but this disclosure immediately triggered a large-scale withdrawal.
MarketWhisper2h ago
CryptoQuant: KelpDAO Exploit Triggers the Most Severe Crisis Since 2024, Aave TVL Plunges 33%
According to CryptoQuant’s assessment on April 23, the KelpDAO exploit attack that occurred last week created potential bad debt risk for Aave of $124 million to $230 million within 72 hours, with TVL crashing 33%. USDT and USDC borrowing rates jumped from 3.4% to 14%, and ETH borrowing rates rose to the highest level since January 2024 at 8%.
MarketWhisper3h ago
CoW DAO Proposes Discretionary Grant Program to Compensate Domain Hijacking Victims
Gate News message, April 24 — CoW DAO has proposed establishing a discretionary grant program to compensate users who suffered losses from the April 14 cow.fi domain hijacking incident. The program will provide up to 100% loss reimbursement through a one-time allocation from the legal defense
GateNews3h ago
Poland's Largest Exchange Faces $350M Swindling Allegations
Zondacrypto is facing allegations of fund misappropriation, as its CEO, Przemysław Kral, claims the exchange lost access to a wallet containing over 4,500 BTC. Kral stated that the wallet was sold to the exchange, but its former owner disappeared before delivering the private keys.
Key
Coinpedia5h ago
JPMorgan: DeFi Security Exploits and Stagnant TVL Limit Institutional Adoption
Gate News message, April 23 — JPMorgan analysts led by managing director Nikolaos Panigirtzoglou said that persistent decentralized finance (DeFi) exploits and weak growth continue to limit institutional interest in the sector. The recent Kelp DAO hack wiped approximately $20 billion from DeFi's tot
GateNews11h ago
