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The Spartan Group: Will no longer use the platform where short positions were disclosed without consent.

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The Spartan Group: Will no longer use the platform where short positions were disclosed without consent.

The Spartan Group's co-founder Kelvin Koh stated that the company's trading information was leaked by the exchange, which he believes is highly detrimental to client confidentiality.

The Spartan Group: Our Short Positions Have Been Leaked!

The Spartan Group founding partner Kelvin Koh said:

"Today, we were surprised to learn from an industry insider that a major cryptocurrency exchange CEX we are trading on has disclosed our short positions to them. This is a significant breach of client confidentiality, and we will be ceasing our trading activities on that exchange. I will not publicly shame them."

Kelvin Koh mentioned that investors from the exchange shared information with a project that has no relation to The Spartan Group business, revealing what our trading positions were doing.

Kelvin Koh declined to disclose the name of the exchange, only indicating that it is an unregulated large exchange. However, he also stated that he has no evidence that it was the exchange that leaked the information.

The Spartan Group: Exchanges Should Be Subject to Strict Scrutiny

What is even more alarming about this incident is how easily this information was shared. If any employee of an exchange can access client trading positions and share them with anyone, it means that the exchange does not have proper control measures in place. This is one of the largest exchanges we are talking about. This is why centralized exchanges need to be regulated and subject to stricter scrutiny.

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