Bybit disqualified the first team from the WSOT tournament
Date: 2023-08-17 Author: Karina Ziganova Categories: BLOCKCHAIN, IN WORLD
Cryptocurrency exchange Bybit announced the suspension of the Apolloventures.cz team from participation in the annual tournament among crypto traders WSOT. At the time of disqualification, they were in first place.
Apolloventures.cz consisted of 17 people and showed a return of approximately 4200%. In particular, one of the team's accounts called JoinOurDiscord brought in almost 30,000% of the profit.
Bybit did not explain the reason for this decision. However, a professional trader under the pseudonym DeFi^2 did his own analysis.
According to him, the team profited by manipulating controlled accounts and trading low-cap coins such as CEEK and ALPACA.
He also urged not to buy any products from Apolloventures.cz as "they won't give you a 30,000% ROI".
Now the first place in the competition is occupied by a team called Youtube_Maeuknam. At the time of writing, their profit is 1,862%.
At the end of June, the Bybit crypto exchange received a license in Cyprus.
