RootData transparency alert: Flipster, CoinEx, Reku and other projects are missing core information

Comparatively, the Web3 asset data platform RootData published daily transparency alerts on Twitter (X). The financing information for projects such as Flipster, CoinEx, Reku, Bitvavo, and TruBit Latam was questionable, and called on the project party to submit/update data on RootData to improve its transparency rating. Additionally, RootData said it will continue to monitor and expose “black box” projects that lack core information.

According to reports, the RootData transparency score is used to measure the completeness and timeliness of the project, and is intended to reflect the disclosure of information on the project. There are 5 levels of transparency from highest to lowest. The lower the rating, the more incomplete the disclosure of the project's information, the higher the risk of misconduct, and investors need to be highly vigilant.