The market has just shown some signs of recovery, various events are frequent.
The existing incident involving the BG Exchange and the Luzi team has now seen a new event.
Recently, social media exposed a chat record involving communication between an employee (A) of XT Exchange and a former employee (B) (who had previously worked at Weex), discussing the issues of agent sharing and profiting from customer losses.
Specifically includes:
A previously went to Weex, but now wants to return to XT due to a decrease in compensation.
A asks whether the compensation is still the same as before (90 base salary + 40% bonus)
Attention! The 40% bonus refers to customer losses, that is, how much money users lost at the exchange, and how much they can take away.
Reduction in sharing ratio:
A (suspected HR) now clearly states that only 30% of the share can be given, and to receive 40%, losses from users under B must exceed 100,000 USDT.
And if the client profits, the principal cannot be directly deducted, only profits can be deducted, and the share is still only 30%.
Customer loss mechanism publicized:
B clearly tells the agent: Client loses, platform takes, agent takes 30%.
And emphasized that 'there are no longer any customer loss bonuses outside', meaning: we are already giving the most in the market.
Afterward, XT Exchange refuted this rumor.
One of the chat records shows XT employee Jacky also came out to refute rumors.
This conversation exposes the ugly reality of centralized exchanges profiting from customer losses. Discussing 'sharing' and 'customer losses' openly in a chat is a huge blow to the integrity and trust of the entire industry.
And this time has severely impacted the reputation of the industry for those who are truly working hard to build and promote the development of the blockchain industry (such as the builders of infrastructure, contract development, and project operations), affected by these short-sighted profit-driven behaviors.
In fact, the reality is that small and medium-sized centralized exchanges collaborating with market makers to profit from customer losses is the survival strategy for many exchanges, and many industry insiders may know this to some extent. But if this can be discussed and shared without restraint, then is there still a bull market in this industry?