BYDFi Responds to Content Creator's False Allegations

BYDFi, a prominent global crypto exchange, has issued an official response to address false allegations made by content creator ExtraVOD on social media. The dispute centers around trading activities and account management practices, with BYDFi aiming to clarify the facts and maintain transparency for its users.

On January 25, 2025, BYDFi detected abnormal trading activity involving ExtraVOD's accounts. The content creator had opened a second account to bypass risk limits after the first account reached its perpetual risk limit. BYDFi promptly identified these activities and reminded ExtraVOD of the user agreement and risk limits for perpetual contracts.

The following day, ExtraVOD admitted to creating a second account for high-frequency trading but claimed ignorance of the policy. BYDFi requested the removal of misleading content from ExtraVOD's social media platforms. After negotiations on January 28-29, 2025, an agreement was reached. All funds in ExtraVOD’s main account remained accessible, while deposit funds from the sub-account were merged into the main account. ExtraVOD acknowledged the resolution and continued trading actively over the next month.

However, on March 1-5, 2025, ExtraVOD re-engaged, demanding profit funds from the sub-account. BYDFi support reiterated that, per the January agreement, all deposited funds had already been returned to the main account. ExtraVOD escalated the situation by threatening to expose the issue on social media unless his demands were met. He altered his stance, now claiming the second account belonged to his family, and released a video urging his followers to pressure BYDFi into returning the funds.

BYDFi has consistently upheld integrity and transparency to ensure a fair trading environment for all users. All legitimate funds were returned to ExtraVOD’s verified account, but trading profits were voided due to rule violations. BYDFi will not tolerate defamatory actions and reserves the right to take legal action against any damages caused by misleading claims. The misuse of multiple accounts to bypass risk limits is a violation of policies across all trading platforms.

Founded in 2020, BYDFi is recognized as one of the top global crypto exchanges, trusted by over 1,000,000 users worldwide. The company remains committed to delivering a world-class crypto trading experience for every user. BYDFi's official response underscores its dedication to maintaining a fair and transparent trading environment, emphasizing the importance of adhering to established rules and policies.