To maintain fairness, stability, and security within the platform’s trading environment, ASTX has established the following criteria and handling measures for activities that may disrupt market order or harm the interests of the platform and its users.
All users must strictly comply with the contents of this announcement when using the platform’s trading services.
I. Abnormal Trading Behaviors Identified by the Platform
The following actions are classified as abnormal or non-compliant trading behaviors:
Excessively frequent trading: A single user conducts 50 or more opening operations within one trading day, clearly exceeding normal trading needs. Self-trading: Executing trades intentionally between one’s own account and related accounts. Exceeding position limits across related accounts: When accounts determined by the platform to be related hold combined positions beyond the permitted limits. Price manipulation through related accounts: Using multiple linked accounts to perform wash trades or matched trades to influence market prices. Unauthorized or stolen-account operations: Using another person’s account or credentials to conduct trading or transfer funds. Fake transaction volume (wash trading): Creating artificial transaction activity using multiple accounts to obtain incentives or distort market activity. Illegal quant trading or fraudulent arbitrage: Using prohibited strategies or algorithms to bypass platform rules, or engaging in irregular cross-platform arbitrage. A/B positions or mutual hedging between accounts: Coordinating opposite positions across different accounts to manipulate data or evade risk controls. Illegal high-frequency trading (HFT): Using automated systems to place a large number of orders in extremely short timeframes, disturbing the market. Abnormal synchronized trading: Highly coordinated trading patterns across related accounts in terms of direction, timing, and price. Unauthorized proxy trading: Managing another person’s account without permission or trading on behalf of others. Abnormal ultra-short trading (≤ 3 minutes): Frequently opening and closing positions within 3 minutes, affecting system stability. Market manipulation or malicious behavior: Using false information or deceptive orders to mislead or manipulate the market. Exploiting technical vulnerabilities: Using system or rule loopholes to gain unfair profit or affect platform operations. Any other behaviors harmful to market fairness: Any activity deemed detrimental to the trading ecosystem. Multi-device or multi-account arbitrage or fee manipulation: Using multiple devices or accounts for improper hedging, bonus exploitation, or artificial activity.
II. Measures Taken Against Abnormal Trading
Depending on the severity, ASTX may take the following actions:
Account freezing and confiscation of illicit gains Order cancellation and rollback of abnormal transactions Forced liquidation at current market prices to prevent risk expansion
III. Standards for Identifying Wash Trades, Fake Volume, A/B Positions, and HFT
1. Types of wash trading
Account theft for fund transfers Pre-arranged matched trades between related accounts Entrusted trading between principal and agent Criteria for determining related accounts: registration time, device fingerprint, IP address, deposit address, etc.
2. Characteristics of fake trading, A/B positions, and HFT
Multiple related accounts repeatedly trading at similar times and prices Creating artificial long-short hedges to generate false records Large volumes of opening and closing positions within short intervals
IV. Penalties Based on Severity
1. Minor violations
Warning Confiscation of abnormal profits Temporary trading limitations
2. Severe violations
Forced liquidation Long-term account freezing Trade cancellations Platform-wide violation announcements
3. Suspected illegal activities
Report to regulatory or judicial authorities Account and funds freezing Full cooperation with investigations
V. Platform Special Statement
ASTX strictly prohibits:
Any form of price manipulation or malicious market activity Using loopholes or improper means to gain unfair benefits Any behavior negatively impacting market order or platform security Multi-account or multi-device wash trading, arbitrage, or hedging violations
Upon detection, ASTX reserves the right to immediately:
Freeze accounts Execute forced liquidation Restrict withdrawals Submit the case to judicial authorities