Anti-Fraud and Abnormal Trading Policy
BTCC Support13 days ago
1. Definition of Abnormal Trading Activities
The Platform reserves the right to identify and penalize any of the following activities as fraudulent or abnormal:
• Exploitation of Platform Incentives: Utilizing platform-issued incentives (including but not limited to trial funds, vouchers, USDT airdrops, coupons, or any form of cashback) for risk-free arbitrage. This includes simultaneous long/short hedging across multiple accounts, or opening opposite positions immediately after closing. Attempting to withdraw principal while leaving trial funds to circumvent loss-sharing is strictly prohibited.
• Commission & Volume Manipulation: Engaging in wash trading (opening and closing positions within seconds) on high-liquidity pairs without genuine market risk exposure, solely for the purpose of inflating trading volume to earn referral commissions.
• Abuse of Promotional Rewards: Registering multiple accounts to claim incentives repeatedly. Using VPNs, proxy servers, or distributed network environments to obscure identity while claiming rewards will be deemed a fraudulent act.
• Self-Dealing & Wash Trading: Executing trades where the buyer and seller are the same entity, or performing hedging activities on low-liquidity (small-cap) tokens.
• Identity & Device Falsification: Providing fraudulent device IDs, manipulated User-Agent strings, session identifiers, or utilizing "mule" accounts (purchased KYC or identities).
• Non-Standard Protocol Exploitation: Probing or scanning non-public APIs, or utilizing unauthorized third-party tools to claim rewards from the Reward Center.
• Multi-Device & IP Correlation: Detecting accounts linked through identical IP addresses, WiFi environments, mobile IMEI numbers, or hardware serial numbers.
• Ultra-Short-Term Trading & Scalping: Engaging in prohibited short-term high-frequency trading. The Platform will perform multi-dimensional analysis on all associated accounts (including IP, device, fund flow, and trading patterns).
• Hedge Arbitrage (AB Accounts): Utilizing two or more accounts to execute opposite positions (e.g., Account A Long, Account B Short) to wash funds or manipulate bonuses.
• Market Manipulation: Exploiting system vulnerabilities or engaging in any malicious market behavior (e.g., self-matching) to secure illicit profits.
• Account Custody & Money Laundering: Renting, lending, or entrusting account access to third parties, or acting as an intermediary for unauthorized crypto-to-fiat transactions.
• Sybil Attacks & Batch Operations: Utilizing multiple identities (including family members or purchased KYC data) to claim multiple bonuses. High-frequency synchronization of actions (registration, claiming vouchers, opening positions) across multiple accounts within milliseconds will be identified as Sybil activity.
2. Enforcement and Remedial Measures
To maintain a fair and secure trading platform, the Platform may take the following actions against accounts identified with abnormal behavior without prior notice:
• Asset Freezing: Immediate suspension of withdrawals and freezing of account principal. Assets will remain in a "non-withdrawable" state until the user provides satisfactory identity verification.
• Forfeiture of Illicit Profits: Deducting all profits gained through system vulnerabilities, settlement anomalies, or fraudulent activities.
• Account Restrictions: Implementing restrictions on opening new positions, mandatory liquidation of existing positions, or suspension of deposit/withdrawal functions.
• Enhanced Due Diligence: Requiring additional documentation, including but not limited to: Video KYC verification, bank statements, and proof of source of funds.
• Administrative Penalties: For severe violations (e.g., highly correlated bot farms, systemic volume manipulation), the Platform reserves the right to deduct a percentage of the account principal as an administrative processing fee.
• Clawback of Rewards: Revocation of all issued trial funds, vouchers, and any profits derived from such incentives.
• Account Termination: Permanent suspension or termination of access to the Platform and its services.
• Mandatory Fund Reversal: Executing a compulsory refund of funds to the original source.
3. General Compliance
The Platform reserves the right to take any other measures necessary according to business rules to ensure system security and maintain normal trading order. Any attempt to exploit server vulnerabilities or interfere with the experience of other users will result in immediate sanctions.
4. Provisions for Affiliates and Introducing Brokers (IB)
• Mandatory Audit for Initial Withdrawals: All initial withdrawal requests from newly registered Affiliates or Introducing Brokers (IB) are subject to a rigorous manual compliance audit.
• Immediate Termination of Partnership: Collaboration and all associated "Monthly ETA Deals" will be terminated immediately upon the detection of any abnormal activities or systemic fraud originating from the Affiliate’s referral network.
• Commission Nullification: The Platform reserves the right to nullify and claw back any commissions generated through the abnormal activities defined in Section 1. No commissions shall be paid for volume generated by accounts deemed to be under the control of the same entity or group.
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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.