Brother Cong is a pure retail investor, it feels a bit unfair, I believe BG can handle it well; support BG in pursuing those professional arbitrage groups, but retail investors should be treated differently, right? @xiejiayinBitget @bitgetglobal
#Bitget Exchange Rights Protection
On April 20, 2025, around 4 PM, I went long on $VOXEL on Binance Futures while shorting on Bitget Futures for hedging, intending to perform cross-exchange arbitrage. Between 16:00 and 16:30, Bitget experienced the well-known "bug exploited by wool party" incident—but I wasn't exploiting any bug, I was just doing normal hedging arbitrage.
Bitget subsequently confiscated my 8070 USDT profit under the guise of a "rollback." Here's the problem:
1. I was doing hedging arbitrage between two exchanges, not exploiting Bitget's bug. My strategy was to go long on Binance and short on Bitget, earning only the price difference between the two markets.
2. Their so-called "rollback period" was from 16:00 to 16:30, during which my actual closing profit on Bitget was only about 4000 USDT. Yet they forcibly deducted 8070 USDT from me, claiming it was "calculated by them." I questioned this, and Bitget's so-called "internal statistics sheet" was just an Excel screenshot, without even basic trading records, completely ignoring the profit and loss screenshots and video evidence I provided from the platform.
This is not an exchange; it's a casino. At Bitget, you can never win against their internal judgment of "what they say goes." Even if you operate compliantly, as long as they think you "earned what you shouldn't have," they can "internally roll back" at any time, directly liquidating your profits without any room for questioning.
I also reported this to @xiejiayinBitget (Xie Jiayin), who asked me to provide Binance screenshots, but after I provided evidence, they just used so-called "internal data" to brush it off, with no fairness or transparency.
I advise all friends doing quantitative trading and arbitrage: Bitget is not an exchange; it's a centralized black-box casino. You never know when or for what reason they will directly take the money from your account. Such a shady platform should be boycotted!
#ContractStrategy #Arbitrage #crypto #binance #QuantitativeTrading #CryptoRightsProtection #CryptoScandal #BitgetRollback
@xiejiayinBitget @GracyBitget @Bitget_zh @bitgetglobal @GracyBitget
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