I am a blockchain forensic analyst at QingShield. We recently investigated the architecture of the SISVIDA exchange platform.
Here is the technical reality behind their "Secure" marketing:
Custody Risk: Unlike decentralized exchanges (DEX) or regulated CEXs using multi-sig cold wallets, SISVIDA deposit addresses appear to be simple hot wallets controlled by a single private key structure. This is a single point of failure.
The Matching Engine: We observed that order execution on SISVIDA often deviates from global market prices. This suggests the use of a "Dealer Plug-in" or a "Virtual Dealer" script, allowing the admins to manually manipulate price spikes (slippage) to liquidate user leverage positions.
Lack of Proof of Reserves: SISVIDA has not published any Merkle Tree Proof of Reserves.
From a DevSecOps perspective, this platform is not a secure exchange; it is a data silo designed to trap funds.
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