WEEX platform rules for abnormal trading behaviors

Dear WEEXers,

WEEX actively oversees and regulates cryptocurrency trading activities to uphold transparency, market integrity, and risk mitigation while safeguarding participants' rights. In the event of detecting any abnormal trading behavior, prompt measures will be implemented to uphold the platform's fairness and security.

Section 1: Agreement amendment

We retain the right to periodically amend this agreement, with notifications communicated via our website. The updated agreement becomes effective immediately upon publication. Users are expected to routinely review and acknowledge these updates. Continued use of our services constitutes acceptance of the revised terms.

Section 2: Definition of abnormal trading behavior

Abnormal trading behavior encompasses a wide range of activities, including but not limited to:

1. In cases where multiple accounts or a single account are flagged for suspicious trading activities, the platform reserves the right to freeze user funds and transactions. In severe instances, the platform may deduct any illicit gains obtained by the user.
2. Utilizing arbitrage via various product mechanisms, which may involve the use of multiple devices and accounts to generate fees, commissions, or bonuses.
3. Employing web scraping techniques to extract data from WEEX's app and webpage, which the platform reserves the right to classify as abnormal behavior. This includes scraping market data and platform information.
4. Instances where users gain additional earnings resulting from anomalies in the platform's settlement system, allowing the platform to deduct such earnings. Conversely, if users incur additional losses due to system anomalies, the platform may offer compensation.
5. Profits generated during periods of abnormal index pricing shall be entirely deducted, while losses incurred will be fully compensated.
6. Any profits considered unreasonable by other platforms may be subject to deduction.
7. Engaging in trading activities that involve affiliated accounts, including practices like wash trading or market manipulation that violate platform rules to gain profits.
8. Unauthorized trading behavior, such as clients unlawfully acquiring others' account credentials or conducting illegal transactions and fund transfers using affiliated accounts.
9. Conducting exceptionally high-frequency or quantitative trading that violates the platform's API management policies.
10. Participating in price manipulation or any other malicious market behavior.
11. Actions that may harm other users or the platform by exploiting vulnerabilities or using unreasonable means while utilizing this service.
12. Suspected involvement in money laundering, fraud, or malicious trading in OTC transactions.
13. Engaging in any other activities deemed detrimental to the market by the platform.

Please note that this list is not exhaustive and the platform reserves the right to take appropriate action against any behavior it deems inconsistent with fair and lawful trading practices.

Section 3: Management of abnormal trading behavior

The management of abnormal trading behavior involves various measures, including but not limited to the following:

1. Users are expected to refrain from maliciously spreading rumors or disseminating false information. If such actions result in adverse impacts on the platform's market reputation, the platform reserves the right to deduct user funds as platform losses.
2. The platform holds the discretion to determine whether to continue cooperation with users. Should the platform deem a user ineligible for continued cooperation, associated affiliated accounts (comprising IP addresses, devices, funds, trading activities, and other relevant information) will be barred from cooperation. Profits acquired through violations may be subject to deduction in such cases.
3. The platform maintains the authority to dynamically delist or suspend trading for specific assets, or modify leverage limits, among other operational adjustments. It's important to note that the platform does not offer compensation for such actions, and users are not entitled to file claims based on lack of prior notification.

Please be aware that these measures are part of our ongoing commitment to uphold fair and secure trading practices on the platform.

Section 4: Characteristics of abnormal trading behavior

4.1: The platform conducts a comprehensive evaluation of abnormal user behaviors, considering all associated accounts (including, but not limited to, IP addresses, devices, funds, similar trading activities, and referral relationships). In severe instances, the platform may implement specific measures to address the situation.

4.2: Users are explicitly prohibited from engaging in illicit arbitrage through multiple accounts or devices, including actions such as fee manipulation, commission exploitation, or bonus abuse. The platform utilizes multidimensional feature recognition within its system to detect fraudulent behavior. Upon detection, appropriate actions may be taken against users involved in illegal arbitrage, including but not limited to account suspension, asset freezing, login restrictions, and advanced identity verification.

4.3: Users are strictly forbidden from conducting AB (A and B) trading behavior, whether through their individual accounts or multiple accounts.

4.4: Prohibited activities encompass violations of quantitative trading or arbitrage policies, engagement in market manipulation, or any other malicious activities that aim to harm other users or the platform through unreasonable means.

Section 5: Types of OTC suspicion

The types of OTC suspicions encompass, but are not confined to:

1. Usage of accounts by an individual other than the authorized account holder, including instances of selling, lending, renting, or entrusting one's account for use by others. Such actions or involvement in trading activities that raise suspicion of potential money laundering.
2. Receipt or introduction of digital assets or funds from illegal sources, whether knowingly or under reasonable suspicion.
3. Failure to provide valid payment information consistent with the user's authentic identity or presenting inconsistent payment methods to the platform.
4. Scams perpetrated by falsely claiming payments or fabricating transaction records for deceptive purposes.

These are representative examples of OTC suspicions, and the platform remains vigilant in identifying and addressing any activities that may pose risks or violate established guidelines.

Section 6: Punitive measures for violative trading

In accordance with applicable regulations, WEEX is authorized to impose appropriate penalties for violations. These penalties may include warnings, service terminations, restrictions on account operations, or the recovery of exceptional funds. Users found in violation may face various measures depending on the severity of their actions, such as warnings, suspension of trade openings, account freezing, or designation as a "market ban-listed" individual. In instances involving suspected breaches of national laws, the platform will collaborate with legal authorities.

Disclaimer: By utilizing WEEX for cryptocurrency trading, you voluntarily acknowledge and accept this "Abnormal trading monitoring statement and handling method," along with its subsequent versions. WEEX reserves the right to modify, amend, or revoke this notice due to market fluctuations without prior notice. In the event of any disparities between the Chinese and English versions of this notice, the English version shall prevail.

WEEX community: For inquiries, please contact the official WEEX email at [e-mail]. We are committed to providing exceptional service and promptly resolving your queries.

Risk warning: Investing in digital assets involves significant risk. Cryptocurrency prices are highly volatile, and investments can experience substantial fluctuations. Users are accountable for their investment decisions, and WEEX disclaims liability for potential losses. Past performance does not guarantee future results. This material should not be regarded as financial advice. WEEX reserves the right to modify, amend, or revoke this notice at any time and for any reason without prior notice.

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Thank you for your support for WEEX!

The WEEX Team

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