Subject: File No. S7-32-10
From: Si Bui
Affiliation: Head of Blockchain At Phunware inc

December 22, 2021

Much needed this will help stop market manipulation from crypto exchange.
Crypto is decentralized and all the transaction are available on etherscan. Yet no exchange will provide a link to etherscan to the transaction to provide details of the volatile volume movement.

Here probably an good example of a Coinbase account trying to manipulate the market through Dex Uniswap. Why would someone trade for $2 asset when the fee is $78 taking a lost of $76.

https://etherscan.io/tx/0x3af52bcf033446025b2af3fdde23ff3e971a9d7d98720694d322cda9e42cb792

Base upon the transaction activity it appear this is an employee at coinbase

https://etherscan.io/address/0x8d04ff69834dc694323e11bcd3a4bf07334e63d9

The best signal to look for these activities is look for trade where the value of the asset is 90% less than the transaction swap fee.