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Ketju research: Aster Bridge

RejectedPublished by Ketju Research

This file describes the economic claim, control, loss, and exit evidence. Client action and amount belong to the advisor. Not investment, legal, tax, or compliance advice.

Research summary

This review reaches an adverse assessment based on two standing facts it could not verify around, not on a confirmed exploit. Aster Bridge moves collateral into Aster, a perpetuals exchange whose team CZ has publicly confirmed includes former Binance staff. This review found no named multisig, security council, or specific admin, pause, or upgrade authority for the bridge or core contracts, despite a direct search of Aster's own documentation. That disclosure gap falls into the same category that led this registry to reject other bridges. More decisively, DefiLlama, the same data source this registry relies on for TVL figures throughout, has flagged Aster's self-reported trading-volume data as unverifiable amid wash-trading concerns. A registry that trusts DefiLlama's numbers elsewhere should not dismiss DefiLlama's own credibility warning about this specific protocol.

Observable review triggers

  • Aster Bridge's admin, pause, and upgrade authority is publicly disclosed and mapped to named parties or a multisig with a published threshold
  • DefiLlama or another independent data provider restores and sustains verified, non-flagged volume and TVL reporting for Aster for at least 90 consecutive days
  • Token concentration among the top wallets materially declines from the reported greater-than-96%-in-six-wallets level, independently verified on-chain
  • A proposed-size withdrawal is independently demonstrated to clear without delay under normal and stressed conditions

Facts on file

Verdict
Rejected
Type
Other
Chains examined
Ethereum
Reviewed
Last confirmed

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