Victoria, Seychelles, March 17th, 2025, Chainwire

Recently, BYDFi has noticed misleading accusations made by the content creator ExtraVOD on social media against BYDFi. To ensure transparency

Victoria, Seychelles, March 17th, 2025, Chainwire

Recently, BYDFi has noticed some misleading accusations made by the content creator ExtraVOD on social media against BYDFi. To ensure transparency and clarity for all users, BYDFi would like to present the facts of the situation:

When ExtraVOD’s first account reached the perpetual risk limit, he opened a second account to bypass restrictions. As a result, BYDFi identified abnormal trading activities and contacted ExtraVOD, reminding him of BYDFi’s User Agreement (9.2 and 9.3) and the risk limits for perpetual contracts.

ExtraVOD claimed ignorance of the policy but admitted to creating a second account for high-frequency trading. Following this, BYDFi requested the removal of content that might mislead his audience and an acknowledgment of the cooperation with BYDFi on his social media.

After some negotiations, an agreement was reached. All funds in ExtraVOD’s main account would remain fully accessible, while deposit funds from the sub-account would be merged into the main account. In return, ExtraVOD would cooperate in removing or editing any deceptive content and publicly confirm the resolution of the situation.

Finally, ExtraVOD agreed and acknowledged the cooperation with BYDFi in a video shared with his followers. After this resolution, ExtraVOD continued trading actively on the platform for about a month.

However, a month later, ExtraVOD contacted support again, demanding that the profit funds from the sub-account be returned.

BYDFi support informed him that, per the January agreement, all deposited funds had already been returned to the main account, and the sub-account had been closed. Moreover, due to the violation of the User Agreement and risk limits, trading gains from the sub-account were voided, as stated in the terms and conditions.

Despite this, ExtraVOD escalated the situation, threatening to expose the issue on social media if his demands weren’t met and changing his statement to claim that the second account belonged to a family member.

After this, he shared a video message with his followers, urging them to pressure BYDFi into returning the funds and fibbing about the cooperation reached with BYDFi to his audience.

5 Years. 1 Principle: Rules > Followers

In an industry often plagued by ambiguity, BYDFi remains committed to upholding integrity and transparency to ensure a fair trading environment for every user. This case involved a content creator who, despite being notified of the platform’s terms and conditions, chose to prioritize his followers’ pressure over understanding and complying with the rules.

In summary, the content creator's actions led to the creation of a second account in violation of the terms of service, ultimately resulting in the cancellation of the sub-account and the loss of trading gains. However, all legitimate funds were returned to his verified account.

While BYDFi values the community and strives to maintain open communication, the fibs and fabrications shared by the influencer with his followers will not be tolerated. Any further actions that damage BYDFi’s reputation and brand will be met with legal action.

Finally, it’s important to note that the misuse of multiple accounts to bypass risk limits is a violation of policies across all trading platforms.

About BYDFi

Founded in 2020 and recognized by Forbes as one of the Top 10 Global Crypto Exchanges, BYDFi is trusted by over 1,000,000 users worldwide. The company remains committed to delivering a world-class crypto trading experience for every user. BUIDL Your Dream Finance.

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This press release has been provided by BYDFi. The statements and claims contained herein are solely those of BYDFi. Chainwire does not independently verify the accuracy of the information and encourages readers to conduct their own research before drawing conclusions. Chainwire, its parent company, affiliates, and partners shall not be held responsible for any losses, damages, or consequences arising from reliance on this press release.

Contact

Senior Marketing DirectorChloeBYDFi Fintech LTDchloe@bydfi.com