Aster’s Binance Debut Under Fire for Alleged Fake Trading Volumes

The decentralized perpetuals exchange, Aster, has faced accusations of artificially inflating trading volumes ahead of its listing on Binance. Prominent analysts and traders have come forward with concerns, prompting DeFi analytics platform DefiLlama to delist Aster from its dashboard due to suspicious activity mirroring Binance’s own metrics. Users on X criticized Aster’s alleged fabrication, alleging that the exchange’s actions highlight the prevalence of financial crime within crypto markets. 0xSisyphus and @knveth expressed skepticism regarding Aster’s legitimacy, echoing a sentiment prevalent in the community.