Industry-tracker ZachXBT recently published a post highlighting a notable on-chain linkage between a decentralized derivative platform edgeX and active market-making and fund networks around MEXC. The observation rests on on-chain signals and transaction traces, remaining preliminary in nature.
ZachXBT’s working hypothesis posits that this network may align with prior attack patterns against Hyperliquid via projects Jelly Jelly and Zerebro, but on-chain corroboration is required before drawing conclusions.
In Amber.ac‘s accelerator announcement, edgeX was listed among initial incubation projects, and Amber Group‘s official X account described edgeX as an incubation-supported, permissionless liquidity network.
Market participants should treat these claims as preliminary and rely on independent verification; ongoing reviews aim to clarify governance, risk controls, and liquidity dynamics within the decentralized derivatives ecosystem.
Source: https://en.coinotag.com/breakingnews/edgex-under-investigation-linked-to-mexc-market-making-networks-and-past-hyperliquid-attacks-as-amber-group-lists-edgex-as-incubated-project
