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:
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Prohibited Login Activities
1.1 Unauthorized API Usage:
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Identified through unusual API request patterns or activity from unauthorized IP addresses.
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Response: API keys involved will be immediately disabled, and affected accounts may undergo a security review.
1.2 Compromised Account Activity:
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Detected through inconsistent login locations, sudden account setting changes, or high-risk transactions.
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Response: Accounts will be temporarily locked until ownership is verified via identity authentication.
1.3 Abuse of Multiple Accounts:
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Suspected of coordinated behavior for fraudulent purposes, such as exploiting promotions or manipulating trades.
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Response: Accounts flagged for such behavior will be suspended and reviewed for compliance.
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Withdrawal Restrictions
2.1 Unauthorized Access:
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Identified through login anomalies followed by immediate withdrawal attempts.
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Response: Withdrawals will be suspended pending further investigation.
2.2 AML Risk Indicators:
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Transactions involving known blacklisted addresses or exhibiting patterns consistent with money laundering.
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Response: Accounts will be frozen, and funds reviewed for legitimacy. Toobit may cooperate with relevant authorities if necessary.
2.3 Linked Account Activity:
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Accounts showing suspicious funding or withdrawal patterns, such as multiple accounts linked to the same wallet.
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Response: Withdrawals to flagged wallets will be paused and accounts subject to detailed review.
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Abnormal Trading Behavior
3.1 Market Manipulation:
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Engaging in activities such as wash trading, spoofing, or other forms of price manipulation.
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Response: Involved accounts may face trading restrictions or permanent bans.
3.2 High-Frequency or Programmatic Violations:
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Frequent, rapid trades designed to exploit platform inefficiencies or market conditions unfairly.
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Response: Transactions may be invalidated, and accounts restricted from further trading.
3.3 Unusual Account Collaboration:
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Coordinated trading between related accounts to create artificial market conditions.
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Response: Accounts involved will be flagged, and profits from such activities confiscated.
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OTC Trading Violations
4.1 Account Misuse:
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Using accounts on behalf of third parties or engaging in activities with suspicious funds.
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Response: Accounts may be permanently banned if found to be in violation.
4.2 Fraudulent Transactions:
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Actions such as claiming payment without transfer, or creating falsified transaction records.
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Response: Accounts engaging in such activities will face immediate restrictions and potential legal action.
Enforcement Measures
Toobit reserves the right to:
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Restrict account access, including login and withdrawal capabilities.
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Confiscate any illicit gains resulting from prohibited activities.
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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.