I also check the time the site was registered, it was on April 18th 2024. The site is so new and it is highly risky to make use of such site.
How did you find out about the site? Who told you about it?
You suppose not to make use of the website at all. There are hundreds of trustworthy exchanges.
I saw a couple of dozen videos on TikTok about this arbitration on this exchange
TikTok is not a place to look for reputable exchanges because it is full of deceptive marketing; you should check if there are articles about the exchange on reputable Cryptocurrency media companies.
This is a lesson learned and a big warning to everyone to do the right thing when looking for a reliable exchange. There's a lot of temptation in trading on these new exchanges, like no withdrawal fee. Do not be tempted; instead, go to a reputable exchange to avoid getting scammed.