Crypto Monitoring Startup Solidus Labs Closes $20 Million Series A Funding Round

Solidus Labs, a surveillance company focused on monitoring crypto market manipulation, has closed a $20 million Series A round of funding from FTX, NYDIG, Evolution Partners, 645 Ventures and former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo. With participation from Giancarlo, Solidus was founded in late 2017 to sell monitoring and compliance technology tailored to the digital asset market, which is designed to help companies in the industry identify and report market manipulation by malicious traders. The company said part of the Series A funding will be used to enhance Solidus’ “cross-market monitoring” tools.