Topic: [SCAM Alert] Yobit's IEO without any kind of information. (Read 211 times)

Nowadays crypto investors are enough experienced and most of them know where to invest there money. There was a time when people were so interested about ICO tokensale because it was really profitable to purchase some tokens in low price and sell 2x,3x higher after getting listed on exchange. At that time investors were not enough careful about team, whitepaper and project background. It was like a addiction to join any tokensale and wait for listing. After facing big smount of losses people start to leave this field of investment.

In recent time scammers have changed their old techniques and by dishonest trading platforms help they start another game. This time they know they can take the advantage of shady trading exchange users and start to list their IEO projects on exchange like Yobit, crex24 and much more. Exchanges are well notified that some projects will not last for 3 month in real but they continuously giving their support for a handsome amount of listing fee and total sale percentage. There is some common activities which are done by exchanges to attract investors on any IEO project. Such as,

1. Regular IEO tokesale notification to registered users.  
2. Announcement on their social media but don't care about people's reaction.  
3. Disable token trading for buyers for a limited time to create fake price bump.  
4. Purchase all token by their own and declare all sold just in 5 to 10 min.
5. Unexpected price bump and sell all token in high price.
6. Using trading bots for keeping the trade live on a particular level

Finally investors make their entry and token price drop down to grave. Personally i believe some of these exchange launch their own ICO/IEO project and make investors fool. All they need is just some easy money.

Correct. I have also notified about it yesterday. And this happens always. They don't forget to do it.

Since I have not faced any problem with yobit about withdrawal and deposit. I don't like it when they launch these ICO?IEO without more information on any project. Even the project has not any official website. There work is only set an ICO/IEO hold the ico price for a few days and suddenly dump the coin 50-70% in price. This behavior is not professional indeed.

Yeah, I often receive e-mails like this from yobit, who knows what they have to offer, I don't really understand about IEO / ICO on yobit, which obviously has no useful coins that have been launched on yobit.

Although many coins have been issued with various airdrops, for me, this garbage is of no value and every airdrop must have a cover picture with a sexy photo and maybe you are right, this is suitable for Pornhub.

As for the DICE token that is for me this is useless and there is no clearer info about the use of this coin.

These people are enabled by 'experts' from this forum itself. You will find a lot of Yobit defenders from their cryptotalk forum signature campaign. Newbies realize that they cAN continue to play the game of selling tokens to each other. What is required is that nobody raise uncomfortable questions.

Yobit now have their own forum to shill newbies about random IEOs, ICOs. They already had an exchange where they can immediately list these "tokens". The liquidity and shilling content is provided by the army recruited during that Sig campaign, especially from the local subs. A lot of those yobit apologists have occasionally been DT1 too. Yobit have set themselves up pretty nicely I'd say. The sheep will continue to line-up for the culling.

If i am not wrong then i think yobit is notifying their registered user about an listed IEO/ICO project. Its nothing new from them and they always love to hit their users email heavily. I don't think they have enough traders on their platform and listing a project there is nothing but a waste of time for crypto project owners. Although they never miss any chance to promote their exchange but achieving trust is a different thing.

Here is their IEO announcemnt on twitter. Nice cover photo on their official account which may fit for pornhub.

We should have a special format for Yobit for this board to make them easier to browse through

Yeah, I got that mail too, dunno why I keep the subscription alive, probably because I know that even if I opt-out they will still spam me.


Who? They have a whole flock of sheep on cryptotalk that will cheer for this new project! They are even praising the investment box and the talk token, dive for a few minutes on that board and you will soon find out how good/great/awesome this new IEO is.


If they would have scammed all their users the exchange would be empty by now, what they do is selectively scam, by blocking accounts, manipulate volume and rates, pump and dump schemes, if you just trade a pair at the same rate as other exchanges  and withdraw, yeah you will not have problems, actively trying to trade with the shittokens there or depositing in the investbox you will lose your money.

I have an account in Yobit. Sometimes I get the same notifications in the mail but I never checked and I don't understand anything about the mail of the pump.
But sometimes I traded and withdrew some tokens, everything happened without any problem.

What happened: Yobit's IEO without any kind of information.

Another IEO of yobit came to steal customers funds. I didn't get any information about their ieo, so how do they launch this ieo! OH! I forgot it's yobit!  One thing I don't understand yet is who invests in such scams of yobit? Because those who have an idea about crypto will not invest in such scams.