Tag Archives: issues

Anndy Lian criticizes crypto leaders over decentralized defamation issues

Anndy Lian criticizes crypto leaders over decentralized defamation issues

Anndy Lian, a notable figure in the crypto industry, has voiced concerns over the conduct of leaders within decentralized networks. He suggests that actions often seen within the crypto space, which would amount to defamation, libel, or slander in regulated environments, are seemingly acceptable in decentralization.

Lian’s remarks point to a culture within the industry where leaders and their followers attack each other without accountability, leveraging the unregulated nature of decentralized systems. This situation raises questions about the boundaries of free speech and the extent of legal immunity enjoyed by crypto entities. As decentralized finance (DeFi) continues to grow, stakeholders may need to consider the ethical implications of communication within this space.

 

 

Lian’s observations on the challenges of accountability in decentralized environments align with his longstanding scrutiny of industry practices, including past commentary on the prevalence of market manipulation and influencer conduct within the crypto domain. His commitment to responsible participation in the digital asset space is further underscored by previous guidance urging users to prioritize cold wallet storage and enhanced security measures amid the sector’s rapid evolution.

 

Source: https://tradersunion.com/news/market-voices/show/670532-crypto-leaders-defamation/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
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YZi Labs-Backed Perp DEX Aster Delays Airdrop Over Data Issues

YZi Labs-Backed Perp DEX Aster Delays Airdrop Over Data Issues

Aster (ASTER), the decentralized exchange backed by Binance founder Changpeng Zhao’s investment firm YZi Labs, has postponed its upcoming airdrop after identifying “potential data inconsistencies.”

Key Takeaways:

  • Aster delayed its airdrop after uncovering potential data inconsistencies affecting some user allocations.

  • The postponement follows user complaints about inaccurate results from the project’s “S2 airdrop checker” tool.

  • DeFiLlama also suspended Aster’s trading data amid Binance-like volume correlations.

Originally set for October 14, the airdrop will now take place on October 20, pending internal verification, the team announced on Friday.

Aster Promises Fair Adjustments After Users Flag Airdrop Allocation Errors

The Aster team said it would update “certain users’ allocations where needed,” noting that “for most users, allocations should not fall below the final snapshot RH% in each epoch.”

The cause of the discrepancies was not fully detailed, but the decision follows user complaints about inaccurate results from the “S2 airdrop checker” tool released earlier in the day.

One trader claimed an allocation of only 336 ASTER tokens despite having generated over $9 million in trading volume. In total, 153,000 wallets are eligible for the Aster Genesis: Stage 2 airdrop.

Formerly known as APX Finance, Aster is a cross-chain perpetual futures DEX operating on Solana, Ethereum, Arbitrum, and BNB Chain.

The platform, which aims to rival Hyperliquid, recorded more than $420 billion in trading activity last month, according to The Block.

At the time of writing, ASTER is trading near $1.69, largely steady despite broader market weakness driven by renewed trade tensions following Donald Trump’s announcement of 100% tariffs on Chinese imports.

Last week, DeFiLlama temporarily removed trading volume data for Aster after detecting unusually high correlations with Binance’s perpetual volumes.

Co-founder 0xngmi announced the delisting on October 5, citing data integrity concerns after Aster’s XRP/USDT and ETH/USDT pairs showed nearly 1:1 correlation ratios with Binance.

The analytics site said it lacks the granular data needed to confirm potential wash trading, prompting the suspension until verification becomes possible.

The move has divided the crypto community, sparking debate over whether the volumes were manipulated or simply reflected a liquidity migration from Binance to Aster.

Blockchain investigator ZachXBT criticized Anndy Lian for downplaying the issue, while Lian argued that volume alignment across major projects is normal and that Aster’s activity mirrors broader market behavior.

He added that aggressive spending to gain market share is a business decision, not necessarily manipulation.

Aster Reimburses Traders After XPL Price Glitch Triggers Liquidations

Last month, Aster reimbursed users in USDT after a sudden price spike in the XPL perpetual contract triggered forced liquidations.

The anomaly, which occurred during the transition from pre-launch to live trading, saw the price of XPL briefly surge to over $4, well above its $1.30 average on other platforms.

The exchange responded quickly, completing the first round of reimbursements within hours and compensating affected traders for liquidation and trading fees.

While the exact cause remains unconfirmed, early speculation points to a misconfigured index price or missing sync with live market data. Aster has pledged to continue its investigation into the incident.

The glitch followed the mainnet launch of Plasma, a stablecoin-focused Layer 1 whose native token XPL rapidly hit a $12 billion valuation.

 

Source: https://finance.yahoo.com/news/yzi-labs-backed-perp-dex-112000943.html

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

AI will also create new ethical and social issues around privacy, bias, accountability, and trust: Anndy Lian

AI will also create new ethical and social issues around privacy, bias, accountability, and trust: Anndy Lian

As part of our rapid fire interview series, Anndy Lian, an Intergovernmental Blockchain Expert shares his quick take on the AI evolution, how it will impact the workforce in APAC, and his favourite thing about AI.

Anndy Lian is an Intergovernmental Blockchain Expert and Best Selling Book Author “NFT: From Zero to Hero”. He has provided advisory across a variety of industries for local, international, public listed companies and governments. He is an early blockchain adopter and experienced serial entrepreneur, book author, investor, board member and keynote speaker.

As part of our rapid fire interview series, Anndy shares his quick take on the AI evolution, how it will impact the workforce in APAC, and his favourite thing about AI.

Can you share with us your background and experience?

I have started to look at cryptocurrencies in 2013 and then blockchain in 2017. The first time I got to know what blockchain can do is at a closed door session with a pharma company. Blockchain’s ability to fight counterfeit is very effective. I have then gone full time into this space since. I gave advice to governments, listed companies, leading crypto exchanges and the list goes on.

As a tech leader, what’s the first thing you do when you start your work?

The first thing I do when I start my work is to check the latest news and trends in the tech world, especially in the areas of blockchain, AI, and cybersecurity. I like to keep myself updated on the current developments and challenges in these fields, and how they affect the society and the economy. I also like to connect with other tech leaders and experts, and exchange ideas and insights on how to leverage technology for positive impact.

What does AI evolution mean to you in one sentence?

AI evolution means the continuous improvement and advancement of AI systems and applications, driven by human creativity and curiosity, to solve complex problems and enhance human capabilities.

What is one way in which AI will impact enterprise security?

One way in which AI will impact enterprise security is by enabling more effective and efficient detection and prevention of cyberattacks, such as malware, phishing, ransomware, and DDoS. AI can help analyse large volumes of data, identify patterns and anomalies, and respond to threats in real time. AI can also help automate and optimise security processes, such as authentication, encryption, and backup.

What do you see as the biggest transformation that AI will bring about in the workforce in APAC?

The biggest transformation that AI will bring about in the workforce in APAC is the creation of new jobs and opportunities that require higher levels of skills, creativity, and collaboration. AI will also augment and complement human workers, by taking over repetitive and mundane tasks, and providing insights and recommendations. AI will also enable more flexible and remote work arrangements, as well as lifelong learning and upskilling.

One challenge which AI will pose for the workforce in APAC.

One challenge which AI will pose for the workforce in APAC is the potential displacement and disruption of existing jobs and industries, especially those that rely on low-skilled and manual labor. AI will also create new ethical and social issues, such as privacy, bias, accountability, and trust. Therefore, it is important to ensure that AI is developed and deployed in a responsible and inclusive manner, that respects human rights and values, and that benefits all stakeholders.

What’s your favourite thing about AI?

My favourite thing about AI is its ability to generate novel and innovative solutions and content that can inspire and amaze humans. For example, AI can write poems, stories, songs, code, and more, using its own words and knowledge. I find this aspect of AI very fascinating and exciting, as it shows the potential and diversity of AI creativity.

AI can also improve productivity and efficiency, by automating and optimising various tasks and processes, such as data analysis, decision making, customer service, and more. AI can help humans save time, money, and resources, and focus on more strategic and creative work. AI can also enhance quality and accuracy, by reducing errors and biases, and providing insights and recommendations.

What is one advice you would like to give organisations when it comes to AI adoption ?

One advice I would like to give organisations when it comes to AI adoption is to start small and scale up gradually, by identifying and prioritising the most relevant and valuable use cases and applications of AI for their business goals and customer needs. I would also advise them to involve and empower their employees and customers in the AI journey, by providing them with the necessary training, support, and feedback. Lastly, I would advise them to adopt a culture of experimentation and learning, by testing and iterating their AI solutions, and measuring and improving their outcomes and impacts.

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j