Bitget couldn't afford to lose the bet with the user with unlimited margin, and confiscated the assets of normal users, made a profit of 4000U during the rollback time, and forcibly deducted 8000U to make up for his shortfall.
#Bitget Protection of rights on exchanges
At around 4 p.m. on April 20, 2025, I opened a long $VOXEL on Binance Futures and a short hedge on Bitget Futures to arbitrage. ResultsBetween 16:00 and 16:30, there was a well-known "Wool Party Handicap BUG" incident on Bitget - but I wasn't a bug at all, I just did hedging arbitrage normally.
Bitget then confiscated my 8,070 USDT profit in the name of "rollback". Here's the problem:
1. I'm doing hedging arbitrage on two exchanges, not on Bitget. My strategy is to open a long on Binance and short on Bitget, and I only make the difference between the two markets.
2. Their so-called "rollback period" is 16:00-16:30, and my actual profit from Bitget's closing during this period is only about 4,000 USDT. They forcibly deducted 8,070 USDT from me, saying that it was "counted by them". I questioned that Bitget's so-called "internal statistics table" was just an Excel screenshot, which did not even include basic transaction records, completely ignoring the profit and loss screenshots and screen recording evidence displayed by the platform I provided.
It's not an exchange, it's a casino, and at Bitget, you'll never be able to fight the "they have the final say" internal verdict. Even if you do it in compliance, as long as they feel that you "shouldn't have earned", they can "roll back internally" at any time and directly liquidate your earnings, and there is no room for questioning.
I also reported this to @xiejiayinBitget (Xie Jiayin), and he asked me to provide a screenshot of Binance, but after I provided evidence, he only used the so-called "internal data" to prevaricate, which was unfair and transparent.
I would like to advise all those who do quantitative and arbitrage: Bitget is not an exchange, it is a centralized black box casino. You never know when and for what reason it will take the money out of your account. This kind of black platform should vote with your feet!
#合约策略 #套利 #crypto #binance #量化交易 #币圈维权 #币圈黑幕 #bitget回滚
@xiejiayinBitget @GracyBitget @Bitget_zh @bitgetglobal @GracyBitget
26.19K
58
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.