YoBit Cryptocurrency Exchange Launches Fraudulent Scheme

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Cryptocurrency exchange YoBit announced the launch of the scheme of pumping on random coins. The announcement was posted on Twitter on October 10th. It is worth noting that this scheme is a fraud aimed at artificially increasing the value of a coin with the help of a false assessment.

In addition to the announcement on Twitter, the company also published data on the proposed scheme on its official website.

YoBit is a Russian cryptocurrency exchange launched in 2015. The exchange provides support for financial transactions based on hundreds of different assets. It is worth noting that the company’s activities have repeatedly raised doubts. The company has been accused of illegal activities several times. According to CoinMarketCap, the daily trading volume of the exchange is about $ 28 million.

It is worth noting that users immediately responded to the statement of the exchange. Some users suggested that the company account could be hacked. Other users have accused YoBit of fraud. User @Altcoinbuzzio reported:

“…Looks like Yobit is serious about it, unbelievable… surprised to see an exchange do this.”

Another @PsychedelicBart user commented on the exchange’s statement, noting the US Securities and Exchange Commission:

This post is also available in: ruРусский

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