Dear CoinP users:
In order to maintain a fair and just trading environment and protect the safety of user funds, the platform continues to strengthen risk control supervision and crack down on all illegal trading behaviors. After in-depth verification by the risk control system, the following accounts have maliciously manipulated transactions, illegal operations of related accounts, and hedging arbitrage, which seriously violated the platform's risk control rules and disrupted the market order. Specific violations include:
1. Ordering through API simulator: abnormal user operation mode. By using API simulators to conduct batch and high-frequency operations, they maliciously increase transaction fees, make illegal profits, and disrupt the market.
2. Related account transactions: multiple accounts are involved in abnormal transactions through IP, equipment, ordering behavior, deposit and withdrawal addresses, and capital flow associations to avoid risk control monitoring.
3. High-frequency brushing: the number of daily transactions of a single account far exceeds that of normal users, and the handling fees are brushed through high-frequency transactions.
Such behavior not only damages the rights and interests of other normal users, but also seriously affects the trading ecology of the platform. The platform adopts a zero-tolerance attitude towards such illegal operations.
Announcement of the list of illegal accounts:
Handling measures:
• Permanently freeze the account: All associated accounts involved in the violation have been restricted from withdrawal and trading functions.
• Full confiscation of illegal income: All rebates and arbitrage income of illegal accounts will be deducted to maintain the fairness of the platform.
• Reserve the right to pursue legal responsibility: If the platform and other users suffer losses due to illegal behavior, the platform will pursue relevant responsibilities depending on the circumstances.
The platform is always committed to providing users with a safe and transparent trading environment. Please strictly abide by the rules and jointly maintain a good trading order. If you find any abnormal behavior, please report it through official channels, and we will verify and deal with it as soon as possible.
CoinP Team
June 28, 2025