BYDFi Sets the Record Straight: A Response to ExtraVODs Misleading Claims
Content creator ExtraVOD recently made some misleading accusations against BYDFi. The leading crypto trading platform has noticed these allegations and wishes to address them as follows.
First, BYDFi noticed an abnormal trading activity on 25 January because ExtraVOD opened a second account to bypass restrictions after his first account reached the perpetual risk limit. He was then reminded of BYDFis User Agreement (9.2 and 9.3) and the risk limits for perpetual contracts.
On 26 January, ExtraVOD admitted that he opened a second account for high-frequency trading even though he claimed ignorance of the agreement. BYDFi requested the removal of misleading content from his social media handle.
Following negotiations and talks, BYDFi reached an agreement with ExtraVOD between 28 and 29 January. All funds in his main account remained fully accessible while deposit funds from the sub-account were merged into the main account.
ExtraVOD acknowledged and publicly confirmed the agreement, after which he continued actively trading on the platform.
However, on March 1, he resumed demanding funds from the exchange, specifically profit funds from the sub-account. BYDFi then reminded him that, since the January agreement, all deposited funds had already been returned to his main account.
On March 11 through 15, ExtraVOD escalated the situation, threatening to take it to social media if his demands werent met. This time, he said the second account belonged to his family and released a video asking his followers to press BYDFi to return the funds.
BYDFi upholds rules over followers
By this press release, BYDFi wishes to publicly state that for the five years of its existence, it has upheld integrity and transparency to ensure a fair trading environment for all users. This is more important to it than to followers.
As far as the platform is concerned, all legitimate funds were returned to ExtraVODs verified account, but trading profits were voided due to rule violations.
Furthermore, BYDFi wishes to state that it will not tolerate defamatory actions and reserves the right to take legal action against any damages caused by misleading claims, as the misuse of multiple accounts to bypass risk limits violates policies across all trading platforms.
Read more: https://zycrypto.com/bydfi-sets-the-record-straight-a-response-to-extravods-misleading-claims/
Text source: ZyCrypto
