How Coinwatch Is Exposing Market Maker Manipulation | Co-Founders Matt Jobbe & Brian Tubergen

In this episode of Bankless, Austin Adams interviews Brian and Matt from Coinwatch about market making in crypto, particularly the toxic behaviors that have emerged, such as market manipulation and insider deals. Matt explains the role of market makers in providing liquidity and how they profit, while Brian details how some projects financially engineer price through low floats and coordinated pumps and dumps. They discuss the prevalence of call options in crypto market making and how these can lead to misbehavior. The conversation explores the differences between market making in traditional finance and crypto, the regulatory risks, and the potential for VCs to be negatively impacted by these schemes. Finally, Brian introduces Coinwatch Track, a new product that brings transparency to market maker activity by allowing projects to monitor their market makers' actions in real-time using API keys within a trusted execution environment.