Victoria, Seychelles, 17th March 2025, Chainwire
Recently, BYDFi has noticed deceptive accusations originating from the digital content creator ExtraVOD made publicly through social media against BYDFi. In an effort to maintain clarity and transparency, BYDFi feels it's important to outline the situation for all its users:
- January 25: Discovery of Irregular Trading Patterns
Upon reaching the maximum perpetual risk threshold, ExtraVOD initiated another account to circumvent limitations. BYDFi noticed these unusual trading behaviors and informed ExtraVOD of both the User Agreement (clauses 9.2 and 9.3) and the limitations surrounding perpetual contracts.
- January 26: Acknowledgement & Request for Removing Content
ExtraVOD professed unawareness of the guidelines but conceded to setting up a secondary account for intensive trading. BYDFi requested the removal of any misleading posts from his online profiles.
- January 28-29: Agreement & Fund Transfers
Following discussions, a consensus was achieved. Access to all funds within ExtraVOD’s primary account was uninterrupted, while the funds deposited in the secondary account were consolidated into the main one.
ExtraVOD accepted the outcome and announced his compliance to the public. Throughout the following month, he maintained an active trading schedule.
- March 1 – March 5: Conflicting Statements & Fresh Demands
About a month later, ExtraVOD resurfaced, making demands regarding the profits from the secondary account.
BYDFi support once again clarified that, as per the January agreement, all funds had already been transferred back to the main account.
- March 11-15: Threats & Misinformation
ExtraVOD escalated tensions by threatening to publicize the matter on social media unless his conditions were met. He revised his story, now attributing ownership of the second account to a family member.
He subsequently posted a video urging his followers to pressure BYDFi into reimbursing the funds.
5 Years. 1 Principle: Rules > Followers
BYDFi maintains its commitment to integrity and transparency, ensuring a fair trading environment for all users. All acknowledged funds were returned to ExtraVOD’s verified account, however, profits were nullified due to policy breaches.
BYDFi stands firm against defamatory actions and holds the right to pursue legal measures for any harm caused by false allegations. Bypassing risk constraints with multiple accounts breaches policies across all trading platforms.
About BYDFi
Founded in 2020, BYDFi is recognized by Forbes as one of the Top 10 Global Crypto Exchanges, trusted worldwide by over 1,000,000 clients. BYDFi is dedicated to providing an exceptional cryptocurrency trading environment for everyone. BUIDL Your Dream Finance.
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This announcement has been released by BYDFi. The opinions and claims expressed belong strictly to BYDFi. Chainwire has not independently confirmed the accuracy of these statements and advises readers to perform their own due diligence before making any conclusions. Chainwire, including its parent company and affiliates, denies responsibility for any damages or impacts resulting from reliance on this information.
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Senior Marketing Director
Chloe
BYDFi Fintech LTD
[email protected]
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