CoinEfficiency

BYDFi Addresses Misleading Accusations and Reaffirms Commitment to Fair Trading

BYDFi responds to claims by content creator ExtraVOD, providing a detailed timeline of events and emphasizing its dedication to maintaining a fair and transparent trading environment.
Published on 2025-03-17

BYDFi Clarifies Dispute with ExtraVOD

In a recent statement, BYDFi addressed accusations made by social media content creator ExtraVOD, outlining the facts surrounding the situation. The exchange emphasized its commitment to transparency and fairness in resolving the matter.

Key Events and Resolution

  • January 25: BYDFi detected abnormal trading activity in ExtraVOD's second account, which was opened to bypass risk limits. The platform reminded ExtraVOD of its User Agreement and risk policies.
  • January 26: ExtraVOD admitted to creating the second account for high-frequency trading but claimed ignorance of the policies. BYDFi requested the removal of misleading content from his social media.
  • January 28-29: An agreement was reached, merging deposit funds from the sub-account into the main account. ExtraVOD acknowledged the resolution and continued trading actively.
  • March 1-5: ExtraVOD renewed demands for profit funds from the sub-account, but BYDFi clarified that all deposited funds had already been returned.
  • March 11-15: ExtraVOD escalated the situation, threatening to expose the issue on social media and altering his stance by claiming the second account belonged to his family. He released a video urging followers to pressure BYDFi.

BYDFi's Stance on Fairness and Compliance

BYDFi reiterated its principle of "Rules > Followers," ensuring a fair trading environment for all users. The platform stated that while all legitimate funds were returned to ExtraVOD’s verified account, trading profits were voided due to rule violations. BYDFi will not tolerate defamation and reserves the right to take legal action against misleading claims.

About BYDFi

Founded in 2020, BYDFi is a Forbes-recognized Top 10 Global Crypto Exchange, trusted by over 1 million users worldwide. The platform remains dedicated to delivering a world-class crypto trading experience.

For more information, visit BYDFi's website or contact their support team at CS@bydfi.com. Follow BYDFi on Twitter, LinkedIn, Facebook, Telegram, or YouTube for updates.

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