From Cointelegraph

June 2, 2025 6:50 am:

Binance co-founder CZ proposed a dark pool perpetual swap DEX to prevent market manipulation. He highlighted the need for privacy in trades to avoid front-running and MEV bot attacks. The liquidation of $100 million in Bitcoin long positions sparked concerns about coordinated attacks. Tron’s Justin Sun and Eric Trump were rumored to show interest in the project.

Dark pools are private trading venues where large orders are hidden until executed. Implementing decentralized dark pools would require complex systems like ZK-proofs. CEO Maria Carola emphasized the challenge of balancing privacy and verifiability in building a dark pool-style perp DEX. Regulatory hurdles also complicate the launch of onchain dark pools.

Zhao stressed the importance of trade privacy in derivatives markets to prevent coordinated attacks on large traders. Transparency can benefit market makers but also expose traders to manipulation attempts. Carola noted the need for adaptive risk engines and behavioral anomaly detection in a ‘dark’ perp DEX. Zhao urged developers to create an onchain dark pool DEX with perpetual swaps for enhanced privacy.

Read more at Cointelegraph: CZ proposes dark pool DEXs to curb manipulation