Hibt Announcement on Strict Actions Against Violating Accounts in Event Contracts

Dear Hibtizens,

To maintain a fair trading environment for Event Contracts and protect the legitimate rights and interests of users, Hibt has recently conducted a dedicated risk control review targeting abnormal trading activities in Event Contracts.

Based on monitoring by the platform’s risk control system, and multi-dimensional analysis including account login environment, device information, network conditions, fund flows, order frequency, trading behavior, and account associations, certain accounts have been identified with clear abnormal trading characteristics, including but not limited to:

• High-frequency, large-scale, and highly concentrated order placements significantly beyond normal user behavior
• Use of multiple accounts to bypass platform rules and risk control restrictions
• Strong correlations across multiple accounts in terms of devices, networks, fund flows, operational behavior, and trading patterns
• Coordinated trading, abnormal transactions, or rule arbitrage through associated accounts
• Gaining improper profits through non-standard trading methods, disrupting market fairness

Following investigation, multiple accounts were identified as engaging in serious violations. The following is a partial list of affected user UIDs. Hibt has taken actions against the relevant accounts in accordance with platform rules:

Event Contracts are products that require strict standards in execution timing, order frequency, and trading fairness. Normal users participate in trading based on platform rules and independent decision-making. However, violating accounts gain unfair advantages through high-frequency operations, bulk order placement, and multi-account coordination, enabling them to execute large volumes of trades within extremely short timeframes—far beyond what normal users can achieve.

Such behavior does not constitute normal trading or legitimate profit generation. Instead, it involves exploiting abnormal high-frequency strategies and account fragmentation to bypass platform rules, thereby undermining fair competition. These actions may negatively impact normal users in the following ways:

1. High-frequency trading enables violating accounts to significantly outperform normal users in speed, frequency, and responsiveness, leading to missed opportunities or unnecessary losses for legitimate users
2. Multi-account coordination amplifies trading capacity beyond standard account limits, breaking the fairness boundaries of the Event Contracts market
3. Abnormal trading strategies crowd out normal users’ trading opportunities and disrupt execution experience and risk control

Therefore, Hibt’s actions to restrict or ban such accounts are necessary measures based on platform rules and risk control principles, aimed at preserving a fair and orderly trading environment.

Based on the above findings, Hibt has taken measures against the violating accounts, including but not limited to:

1. Restricting or disabling Event Contracts trading functions
2. Freezing, deducting, or canceling abnormal gains derived from violations
3. Restricting withdrawals, transfers, and other account functions
4. Permanently banning accounts involved in severe violations
5. Reserving the right to pursue further actions against related misconduct

Hibt reiterates that any form of abnormal high-frequency trading, multi-account arbitrage, wash trading, malicious order sniping, rule exploitation, or any activity that disrupts market order is strictly prohibited. Any behavior that gains unfair trading advantages, harms legitimate users, or interferes with market fairness will be dealt with strictly upon detection.

If users have any objections regarding account actions, they may submit an appeal through official Hibt customer support channels. The platform will review based on trading records, device environment, fund flows, behavioral data, and account associations, and handle cases according to unified standards.

Hibt will continue to strengthen risk control monitoring and maintain a fair, secure, and stable trading environment.

Thank you for your understanding and support.

Hibt

April 24, 2026

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