Post
Topic
Board Scam Accusations
Re: Bitrue.com exchange is a scam
by
mijgan
on 01/02/2019, 22:37:57 UTC
Actually, guys, you will appreciate the beauty of the situation:
I am a happy API user, I am going to trade with the bot and honestly report it.
No one warns me that arbitration is prohibited:

https://imgur.com/a/PLURSIX

And this is very logical.
What is the fundamental difference between n-angular arbitrage and any other trading strategy? No differences. Bought cheap, sold expensive. But very fast.
But the API was invented precisely for this!

And as soon as I started earning (I note - *EARN*, legally and in full compliance with all the rules) I am told:
HFT is a violation of the bitrue's principles.

https://imgur.com/a/93MdSHt

Here I must explain what happened.
The main part of the profit my bot earned on  gusd/usdt, gusd/btc, gusd/xrp trading pairs.
I was not the only one who suffered, the accounts of other users (non-APIs) who traded on these pairs was frozen too, afaik.

The truth is that these trading pairs were used by the exchange to pump up fake trading volumes. And I (along with other users) just unwittingly crossed the road for them - because I was smarter and faster.

Vicente, do you know that cheating with fake trading volumes is a serious crime, and you can even be in prison for that (for example, in South Korea) ?

Why did you withdraw gusd pairs from trading? (coingeko remembers everything)

Can you officially confirm here that you are an official employee of the bitrue.com exchange?