Victoria, Seychelles, March 17, 2025, Chainwire
Recently, BYDFi has noticed false assertions made by the content creator ExtraVOD on social platforms against BYDFi. To provide users with a clear and accurate picture, BYDFi aims to present the facts of the case:
- January 25: Observation of Unusual Trading Behavior
Upon reaching the risk threshold with his first account, ExtraVOD created a second account to circumvent limits. BYDFi detected these irregular trading patterns and reminded ExtraVOD of the User Agreement clauses 9.2 and 9.3 addressing risk limits for perpetual contracts.
- January 26: Acknowledgment & Petition for Content Removal
ExtraVOD professed ignorance regarding the rules but admitted to establishing a second account for high-frequency trading. BYDFi requested that any misleading posts be deleted from his social platforms.
- January 28-29: Agreement & Fund Transfers
After discussions, a resolution was achieved. All funds from ExtraVOD's primary account remained fully accessible, whereas the deposits from the secondary account were merged with the primary one.
ExtraVOD accepted the resolution and affirmed it publicly. He continued active trading throughout the subsequent month.
- March 1 – March 5: Inconsistent Claims & Renewed Requests
One month later, ExtraVOD repeated his demands, seeking profits from the secondary account.
BYDFi support reiterated that as per the January agreement, all deposited amounts were already consolidated into the primary account.
- March 11-15: Threats & Misinformation
ExtraVOD escalated matters, threatening to unveil the dispute online unless his demands were met. He revised his claim, stating the second account was family-owned.
He then issued a video plea for his followers to pressure BYDFi into refunding the funds.
5 Years. 1 Principle: Rules > Followers
BYDFi values honesty and openness to guarantee a balanced trading landscape. All legitimate monies were refunded to ExtraVOD's verified account, but profit gains were nullified due to breach of rules.
BYDFi rejects defamatory actions and retains the right to pursue legal measures against any harm caused by misleading assertions. Misusing multiple accounts to bypass risk thresholds breaches policies across all trading platforms.
About BYDFi
Founded in 2020, BYDFi is recognized by Forbes as a leading global crypto exchange, trusted by over one million users globally. BYDFi is dedicated to providing an exceptional crypto trading experience for all users. BUIDL Your Dream Finance.
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This press release has been issued by BYDFi. The declarations and assertions contained here are exclusively those of BYDFi. Chainwire has not independently confirmed the information's accuracy and encourages readers to do their own research before concluding. Chainwire, its parent company, affiliates, and partners shall not be liable for any losses, damages, or consequences resulting from reliance on this press release.
Contact
Senior Marketing Director
Chloe
BYDFi Fintech LTD
[email protected]
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