Rules for Abnormal Trading Behaviors

Abnormal Behaviors

To ensure a fair and transparent trading environment, it is crucial for our platform to maintain stringent standards against improper or abusive trading practices, including but not limited:

(a) any fraudulent act or scheme to defraud, deceive, trick or mislead;

(b) trading ahead of another user of the Services or frontrunning;

(d) accommodation trading;

(e) fictitious transactions;

(f) prearranged or non-competitive transactions;

(g) cornering, or attempted cornering, of any Perpetual Contracts;

(h) violations of bids or offers;

(i) spoofing;

(j) manipulation;

(k) spoofing;

(l) knowingly making any bid or offer for the purpose of making a market price that does not reflect the true state of the market

(m) entering orders for the purpose of entering into transactions without a net change in either party’s open positions but a resulting profit to one party and a loss to the other party, commonly known as a “money pass.” ;

(n) engaging with a significantly high proportion of trades held for less than 1 minute and trading frequencies above the average within a specified timeframe;

(o) other behaviors deemed abnormal by AlphaX.

Management Rules

The rules are designed to enhance risk management for abnormal trading activities in the crypto market. The platform will implement the following measures against any account or user exhibiting such behavior, without prior notice.

a) Exercise its right to decide whether to continue its cooperation with users and once confirms the termination of cooperation, the platform will prohibit the offender and associated accounts (based on IP, device, funds, trading behaviors and other factors) from accessing its service and deduct ill-gotten gains.

b) Freeze the funds and/or all transactions of offenders.

c) Deactivate the accounts involved and forfeit the remaining account assets.

d) Impose restrictions on the withdrawal and deposit of involved accounts.

e) Restrict position opening, demand position closing within a stipulated time and conduct forced liquidation.

f) Restrict, suspend or cut off the offender's access to AlphaX's official website.

g) Demand a report regarding trading from users.

h) Take other applicable measures in accordance with the Exchange's business rules.

Disclaimer

Users are expected to adhere to local laws and AlphaX rules, and acknowledge that their trading activities will be subject to oversight by the Exchange. AlphaX may address abnormal trading behavior as allowed by law, which may include restricting the trading activities of affected accounts. AlphaX is not responsible for any economic losses resulting from rule violations and reserves the right to the final interpretation of these rules.