Bybit News: BYDFi Clarifies Misleading Claims by Content Creator ExtraVOD

In a recent development, BYDFi, a prominent crypto trading platform, has issued a response to misleading accusations made by content creator ExtraVOD. Here’s a detailed summary of the incident and BYDFi’s official statement.

BYDFi Responds to ExtraVOD’s Misleading Claims

Content creator ExtraVOD made misleading accusations against BYDFi, a leading crypto trading platform. BYDFi noticed abnormal trading activity on January 25 due to ExtraVOD bypassing restrictions by opening a second account. He was reminded of BYDFi’s User Agreement and the risk limits for perpetual contracts. ExtraVOD admitted to opening the second account for high-frequency trading despite claiming ignorance of the agreement. Following negotiations, BYDFi reached an agreement with ExtraVOD between January 28 and 29.

Bybit Hack Largest In Crypto History After $1.5B In ETH Stolen

The recent $1.5 billion hack on Bybit has shaken the crypto market, marking one of the largest security breaches in history. Such incidents often trigger panic selling and increased volatility, causing investors to seek safer alternatives and high-potential assets that can withstand market shocks. While Ethereum (ETH) remains under pressure, other altcoins like Lightchain AI (LCAI) and Cardano (ADA) are gaining attention as possible stabilizing forces. Cardano’s strong ecosystem development and Lightchain AI’s growing market presence could serve as March catalysts to restore confidence in the market.