The parent company Poloniex employs special tools to deal with Pump & Dump circuits

Cirte Fintech has announced that it will use special monitoring tools in its business to track insider trading and Pump & Dump schemes. This writes the Cointelegraph .

The announcement of the company from Boston, which, in particular, belongs to the famous Bitcoin-Exchange Poloniex, made earlier this week.

To this end, Circle intends to use a tool called Cloud Markets Surveillance (CMS), which was developed by the Israeli company Nice Actimize.

In addition to Poloniex, Circle intends to monitor and stop the suspicious activity of its over-the-counter platform, the volume of transactions on which last year amounted to $ 24 billion .

At the end of last year, the largest European exchange Bitstamp also announced the introduction of software for tracking suspicious activity and market manipulation.

Recall that in December last year, users of the Social Science Research Network, having studied the data of Telegram and Discord messengers, published a study on manipulations in the cryptocurrency market. In particular, only from January to June 2018, they found 4,818 attempts affected 300 different cryptocurrencies.

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