To safeguard our platform’s integrity and ensure a fair trading environment, Toobit strictly prohibits unfair trading practices. Users involved in the following activities may be subject to account restrictions or other enforcement measures at Toobit’s sole discretion:
Prohibited Login Activities
1.1 Unauthorized API Usage:
Identified through unusual API request patterns or activity from unauthorized IP addresses.
Response: API keys involved will be immediately disabled, and affected accounts may undergo a security review.
1.2 Compromised Account Activity:
Detected through inconsistent login locations, sudden account setting changes, or high-risk transactions.
Response: Accounts will be temporarily locked until ownership is verified via identity authentication.
1.3 Abuse of Multiple Accounts:
Suspected of coordinated behavior for fraudulent purposes, such as exploiting promotions or manipulating trades.
Response: Accounts flagged for such behavior will be suspended and reviewed for compliance.
Withdrawal Restrictions
2.1 Unauthorized Access:
Identified through login anomalies followed by immediate withdrawal attempts.
Response: Withdrawals will be suspended pending further investigation.
2.2 AML Risk Indicators:
Transactions involving known blacklisted addresses or exhibiting patterns consistent with money laundering.
Response: Accounts will be frozen, and funds reviewed for legitimacy. Toobit may cooperate with relevant authorities if necessary.
2.3 Linked Account Activity:
Accounts showing suspicious funding or withdrawal patterns, such as multiple accounts linked to the same wallet.
Response: Withdrawals to flagged wallets will be paused and accounts subject to detailed review.
Abnormal Trading Behavior
3.1 Market Manipulation:
Engaging in activities such as wash trading, spoofing, or other forms of price manipulation.
Response: Involved accounts may face trading restrictions or permanent bans.
3.2 High-Frequency or Programmatic Violations:
Includes, but not limited to:
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Frequent, rapid trades executed within seconds to exploit price fluctuations.
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Trading behavior where a high percentage of orders are held for less than one minute.
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Abnormally high trading frequency compared to platform averages.
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Using unauthorized trading software, bots, or script-based auto-trading tools to initiate mass orders.
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Placing and cancelling a large number of orders within a short period ("Quote stuffing" behavior).
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Simultaneously trading in opposite directions on different accounts or products to simulate trading volume.
Response:
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Transactions that violate fair trading principles may be invalidated.
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Related accounts may be temporarily restricted, permanently banned, or subject to a full review.
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Toobit may impose additional trading limits or permanently revoke trading access for severe or repeat offenders.
3.3 Unusual Account Collaboration:
Coordinated trading between related accounts to create artificial market conditions.
Response: Accounts involved will be flagged, and profits from such activities confiscated.
3.4 Additional Prohibited Trading Behaviors (Toobit reserves the right to monitor and penalize, including but not limited to):
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Using multiple accounts to fulfill activity requirements (e.g. trading volume for rewards).
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Submitting or editing orders with the intention of misleading the market.
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Simulating trading activity without real market intent (e.g. placing orders far from market price).
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Attempting to use Toobit’s bonus or “guaranteed PnL” features for repeated arbitrage without risk.
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Executing self-trades (i.e. same account acting as both buyer and seller).
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Trading solely to generate commissions without risk-bearing behavior ("fee farming").
OTC Trading Violations
4.1 Account Misuse:
Using accounts on behalf of third parties or engaging in activities with suspicious funds.
Response: Accounts may be permanently banned if found to be in violation.
4.2 Fraudulent Transactions:
Actions such as claiming payment without transfer, or creating falsified transaction records.
Response: Accounts engaging in such activities will face immediate restrictions and potential legal action.
Enforcement Measures
Toobit reserves the right to:
Restrict account access, including login and withdrawal capabilities.
Confiscate any illicit gains resulting from prohibited activities.
Report suspicious activity to regulatory or law enforcement authorities where applicable.
This policy is part of Toobit’s commitment to maintaining a secure and transparent trading environment. For further inquiries or assistance, please contact our support team.