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FTX Hires Eventus to Catch Crypto Cheats as Digital Assets Boom

  • Exchange will use Eventus tools to prevent manipulation
  • Insider trading is increasing area of focus for crypto market
Sam Bankman-Fried
Sam Bankman-FriedPhotographer: Sarah Silbiger/Bloomberg

FTX, the cryptocurrency exchange co-founded by Sam Bankman-Fried, is expanding its partnership with surveillance firm Eventus Systems Inc., seeking to prevent market manipulation in the growing ecosystem of digital assets.

Eventus will provide surveillance and anti-market-manipulation tools for all FTX markets across the globe, executives said in an interview. This comes on the heels of increased pressure from regulators and amid institutional investor appetite for the asset class.