BYDFi, a globally recognized cryptocurrency exchange, is addressing misleading accusations made by content creator ExtraVOD on social media. To maintain transparency and clarity, BYDFi is presenting the factual timeline of events.
Timeline of Events
January 25: Detection of Abnormal Trading Activity
ExtraVOD’s first account reached the perpetual contract risk limit.
He created a second account to bypass restrictions.
BYDFi flagged the abnormal trading activity and reminded him of its User Agreement (Sections 9.2 and 9.3) and risk limits.
January 26: Acknowledgment & Content Removal Request
ExtraVOD admitted to opening a second account for high-frequency trading but claimed ignorance of the policy.
BYDFi requested the removal of misleading content regarding the issue.
January 28-29: Agreement & Fund Transfers
Following discussions, an agreement was reached:
All funds in ExtraVOD’s main account remained fully accessible.
Deposits from the sub-account were merged into the main account.
ExtraVOD acknowledged the resolution publicly and continued trading actively for over a month.
March 1 – March 5: Contradictory Claims & Renewed Demands
ExtraVOD re-engaged, demanding profit funds from the sub-account.
BYDFi’s support team reiterated that, per the January agreement, all deposited funds had already been returned.
March 11-15: Threats & Misinformation
ExtraVOD escalated the issue, threatening to expose BYDFi on social media unless his demands were met.
He altered his story, now claiming the second account belonged to his family.
He then released a video urging his followers to pressure BYDFi into returning the voided profits.
5 Years. 1 Principle: Rules > Followers
BYDFi remains committed to integrity and transparency, ensuring a fair trading environment for all users.
All legitimate funds were returned to ExtraVOD’s verified account.
However, trading profits were voided due to rule violations.
BYDFi will not tolerate defamatory actions and reserves the right to take legal action against misleading claims. Bypassing risk limits through multiple accounts is a violation of trading policies across all platforms.
About BYDFi
Founded in 2020, BYDFi is recognized by Forbes as one of the Top 10 Global Crypto Exchanges, trusted by over 1,000,000 users worldwide. BYDFi remains dedicated to delivering a world-class crypto trading experience for every user.
Website: https://www.bydfi.com
