You are right probably that they do manipulate with orders and price limits.
When LTC price was very volatile, there were stuck orders due to inappropriate price limits of system.
10 July - 11 July night before settlement.
796 guys didn't cancel "stuck" large orders (several thousand LTC bids $4.5-5.5 when LTC price was $3.7-4).
As soon as they have changed price limits (without any notification) after several hours of waiting these bid orders were instantly (less than in 1 second) executed completely.
Only 796 admins could know exactly when to sell to these stuck orders. Why didn't they cancel them BEFORE changing limits?
People have lost a lot of money due to that, to say nothing of "socialized" or expropriated 73.97% of week profit of all their customers.
https://796.com/ltcFutures/settle?lang=en
If there is any scam accusations topic here, please post a link.
Topic: Warning! 796.com manual insert order book. (Read 1053 times)
I'm sorry if wrong box, No. They not scam. I just want to say they not fair on trade.
What's box i post this thread? Thank.
What's box i post this thread? Thank.
You should move this post to scam accusations.
Today i have an oder bid at 364.04. It make vol at possion is 10 BTC oder 364.04. 30 seconds after price 364.04 is matched, i saw it on bicoinwisdom. Volume matched is 10 BTC and on order table on 796.com is cleared my order.
But surprisingly is 5 seconds, my oder is come back on bid order.
I think the boss of exchange is control to insert some oder of him.
It's so bad for a chinese exchanger.
But surprisingly is 5 seconds, my oder is come back on bid order.
I think the boss of exchange is control to insert some oder of him.
It's so bad for a chinese exchanger.
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