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Official Statement on Abnormal Trading Activities
Dear BYDFi Users,Recently, we have noticed misleading accusations made by the content creator ExtraVOD on social media against BYDFi. To ensure transparency and clarity for all our users, we would like to present the facts of the situation.January 25: Detection of Abnormal Trading ActivityWhen ExtraVOD’s first account reached the perpetual risk limit, he opened a second account to bypass restrictions. BYDFi identified abnormal trading activities and ExtraVOD was reminded of BYDFi’s User Agreement (9.2 and 9.3) and the risk limits for perpetual contracts.January 26: Admission & Request for Content RemovalExtraVOD claimed ignorance of the policy but admitted to creating a second account for high-frequency trading. BYDFi requested the removal of misleading content from his social media.January 28-29: Agreement & Fund TransfersFollowing negotiations, an agreement was reached. All funds in ExtraVOD’s main account remained fully accessible, while deposit funds from the sub-account were merged into the main account.ExtraVOD acknowledged the resolution and publicly confirmed it. Over the next month, he continued trading actively.March 1 - March 5: Contradictory Claims & Renewed DemandsA month later, 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 main account.March 11-15: Threats & MisinformationExtraVOD escalated the situation, 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.He then released a video urging his followers to pressure BYDFi into returning the funds.5 Years. 1 Principle: Rules > Followers.BYDFi upholds 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.BYDFi Team
Latest BYDFi News
2025-03-17
BYDFi’s Half-Decade Anniversary – Don’t Miss Out!
📅 Event Period: March 31 – April 30, 23:59:59 (UTC+8)🎁 Event 1: Lucky Draw for Loyal Users📌 How to Participate:During the event, complete a deposit of $100+ and a spot/futures trading volume of $100+ to receive a lucky draw ticket based on your registration time.Registration Rewards2024-20251 Ticket + 10 Coupon2022-20233 Tickets + 30 Coupon2020-20215 Tickets + 50 CouponRewards are updated every 30 minutesRewards are credited instantly upon claimEach account can participate in the lucky draw once per day🎯 Lucky Draw Prizes:CategoryPrizesTokensUSDT, TRUMP, SOLRewards10, 50 Coupon, 20, 100 BonusVIPVIP 3 for 7 DaysPrizesAirPods Pro 2, iPhone 16 Pro Max 1TBOther"Thank You for Participating"📌 All rewards will be processed after the event ends🎴 Event 2: BYDFi Card Collection📌 How to Participate:Complete tasks during the event to collect cards (updated every 30 minutes).Deposit: Deposit $500+ (one-time task)Spot Trading: Trade $1,000+ (daily task)Futures Trading (USDT-M/Coin-M): Trade $5,000+ (daily task)Invite Friends: Invite a friend to register, deposit $100+, and trade $100+ (one-time task)🎯 Card Types & CollectionCard TypesBYDFi5YearCollect all 7 cards to share $70,000 USDTCollect 6 cards to share $20,000 USDTCollect 5 cards to share $10,000 USDT📌 All rewards will be manually processed after the event ends🎁 Event 3: Daily Gift AirDrop🔹 Time: Daily at 10:00 (UTC+8)🔹 How to Participate:Log in and trade $2,000+ in futures to unlock a giftData updates every 30 minutesLimited gifts available daily, first come first served🎁 Gift DetailsToken TypesUSDTDOGEDOTXPRTRUMP🚀 Join the BYDFi 5th Anniversary Celebration Now!❗Please update to the latest version of the app to participate in the event.Note:Each IP/device can only claim onceDeposit Methods: Buy Crypto& DepositGift Drop Time: Daily at 10:00 (UTC+8) (1 claim per UID per day)Eligible Futures Trading: USDT-M & Coin-M Futures (Exclude bonus trading)BYDFi reserves the final right to interpret this event and may adjust or cancel the event without prior notice.
Latest Events
2025-03-28
BYDFi Lists Berachain Token (BERA), Supporting BERA/USDT Spot and Perpetual Contracts Trading
SINGAPORE, Feb. 07, 2025 (GLOBE NEWSWIRE) -- BYDFi officially listed the BERA/USDT spot trading pair and launched BERA/USDT perpetual contracts with up to 75x leverage. Users can now participate in the 8,100 USDT reward campaign - for more details, please visit the BYDFi website or refer to the official announcements. Berachain: The Innovative Blockchain Powering $BERA As the native token of the Berachain blockchain, $BERA derives its value not only from market demand but also from the strong foundational support of the Berachain ecosystem. Berachain is an EVM-compatible Layer 1 blockchain built on the Cosmos SDK. It utilizes an innovative Proof-of-Liquidity (PoL) consensus mechanism, which differs from traditional Proof-of-Stake (PoS) systems. By linking validator rewards to application demand and liquidity contributions, PoL creates a dynamic incentive structure that prevents token devaluation and liquidity depletion. This groundbreaking economic model fosters mutual value creation between the blockchain and applications built on it, ensuring sustainable growth. On April 20, 2023, Berachain successfully raised $42 million in a Series A funding round led by Polychain Capital. Furthermore, ahead of its mainnet launch, Berachain’s liquidity pre-deposit application, Boyco, attracted over $3 billion within one week, demonstrating strong market interest and adoption. $BERA: The Key Asset of Berachain $BERA, as the native token of Berachain, is primarily used to pay network transaction fees (gas) and can be staked to cover validator activation costs Market Performance: Within just 24 hours of launch, $BERA’s market capitalization surged past $1.5 billion As of the time of writing, $BERA is priced at $7.9191 24-hour trading volume reached $2.187 billion, marking a 2,291.00% increase from the previous day With the continuous expansion of the Berachain ecosystem, the demand for $BERA is expected to grow, driving its market value even higher. How to Trade $BERA on BYDFi One-Click Buy & SellUsers can purchase BERA easily through BYDFi’s “Convert” feature, using credit/debit cards, Google Pay, Apple Pay, or wallet balances. Leverage Trading Supports BERA/USDT cross-margin and isolated-margin trading Leverage options: 1x to 75x VIP trading fee discounts—for more details, visit the BYDFi official website About BYDFi Founded in 2020, BYDFi is recognized by Forbes as a top 10 global crypto exchange, serving over 1,000,000 users. The platform holds MSB licenses in multiple regions and is a member of South Korea’s CODE VASP Alliance. Laying great stress on compliance and development, BYDFi has always guarded the legal rights of all its global users. To protect user assets, BYDFi stores all funds in offline multi-signature wallets with at least a 1:1 reserve ratio and publishes regular proof-of-reserves (PoR) reports for transparency. BYDFi offers 24/7 live customer support, providing efficient and professional assistance in every step of a trader's journey. BUIDL Your Dream Finance. Website: https://www.bydfi.com Support Email: CS@bydfi.com Business Partnerships: BD@bydfi.com Media Inquiries: media@bydfi.com Twitter( X )| LinkedIn| Facebook | Telegram| YouTube
Media Center
2025-02-07
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