Topic: Yobit Scam Accusation megathread. "Normal" modus operandi or shady practices? - page 2. (Read 2561 times)

i google yobit i find this

Yobit is a Scam
https://techlister.com/general/yobit-is-a-scam/1503/

Be careful with Yobit; it is a SCAM
https://www.reddit.com/r/Bitcoin/comments/akz09m/be_careful_with_yobit_it_is_a_scam/

Yobit.net is a scam
https://steemit.com/cryptocurrency/@lil-gunner-1/yobit-net-is-a-scam

WARNING YObit is a scam
https://bitcointalksearch.org/topic/warning-yobit-is-a-scam-2979897

've Been Scammed on Yobit - 5% Daily BTC Investbox
https://bitcointalksearch.org/topic/ive-been-scammed-on-yobit-5-daily-btc-investbox-5028032

do not use yobit investbox
after holding those useless Yobit tokens for many months, the price of the token will hit rock bottom and there will be no buyer for that token and you will be left

Domain is one of the way we are going to use to identify the yobit legal address, but currently they use Protection Service of REG.RU from Russia in Moscow to hide the Address.

But googling the site name hope there will be a legal address as viparmenian said and I find out that the exchange CEO was once arrested which implies that there could be a chance to start legal action against the site or is there something I am missing. Besides, their domain owner could also have some hints about the address.

The last time I checked their Terms and Conditions did not list any company details. They are hiding behind anonymity.

Do anybody have legal adress of Yobit to start the actions with lawer?

Could you explain a little bit more about your experiences with Yobit? It would be good to understand what happened in your circumstances.

So final answer? If I deposit say $100 to buy some bitcoin will i be getting said bitcoin or kissing the $100 goodbye? ty

Looking for new purchase options, for some reason my card no longer works on crypto.com app

Maybe they don't need to exit, if by exit scam you mean taking all their hot&cold wallets and disappearing. Obviously I don't know their exact numbers but I wouldn't be surprised if running a few dozen of these investbox scams is better "business" for them than running.  They certainly don't care about their reputation. Maybe they still list some shitcoins that are not listed elsewhere so they have some captive audience.

They have basically turned into a gambling site. Scammy, shitty gambling site with unknown odds, not provably fair, but very fitting for the whole shitcoin/craptoken ecosystem, to which the blockchain and everything that comes with it is just a tool to exploit greed and stupidity. Yobit cut the blockchain out of it since they already have a website full of idiots who trust centralized custodial wallets and probably wouldn't want to run their own nodes anyway.

That's almost exactly what I wrote in another thread about Yobit's new scheme:

And this is pretty much exactly the same crap that every "HYIP" or Ponzi puts forth: give us your money, we'll do something with it that you don't need to understand, and then we'll send you your profit. 

I'm not sure if Yobit is moving toward an exit scam, but based on some of the new features they've been offering (like the Investbox), they're definitely becoming more shady.  If we knew anything about Yobit, i.e., where they're located, who owns it, etc., then people might have more faith in them, but they don't offer that information--and because they don't, that could be interpreted as them paving a clear path toward an exit scam.

Another method used by Yobit to scam users which is Yobit Virtual Miner. It's something ambiguis that hasn't any valid description on how this cal be made. From what i can understand, a user has to buy a virtual miner with his btc to mine an unknown token within the exchange itself.
I made a topic discussing this scam technique which can be added to op list here: Virtual Miner: Another scam offer from Yobit.

Thanks Suchmoon who suggested this thread :

yes YOBIT is a big SCAM EXCHANGE they dumping coins and ban accounts with no reasons

How much funds did you have in the account balance when your accounts was frozen?

Hello,

My account has been frozen for over a year.
---Your account is freezed.---
---Access to some actions is limited.---
---You are banned until 18.01.2019 12:21:40---

I was ban in a serial CHAT HACK over many users.
I need an account unlock procedure please.

Now we are the 2020-07-21.

Thanks

I know nothing should surprise me anymore about Yobit but still...

https://yobit.net/en/fork2/timer/


So if I'm reading this right they're creating a Bitcoin "fork" (without a blockchain) and giving people 72 hours to deposit more bitcoins so they could get 10000x scammy tokens.

Sadly we don't have Yobit signature spammers around anymore so I'm guessing we won't get anyone to entertain us with an explanation how this is not a scam.

In your case I doubt anything feasible can be done, all you can do is keep contacting them on all channels, either they block you or you get your money back but I'm leaning towards the former. They're bigger scammers than I thought after reading 20kevin20' post above.

Thanks for all the response. What can you do to get it back? They don't answer tickets. I am in their Telegram chat. And all these modds say is
"didnt you see warning" can't help you, own fault"

Also there is a whole "scammed by Yobit" Telegram group, with people that got scammed, with each their own stories. That says enough.

Not this one.

Most exchanges will eventually give it back, quite a few will charge hefty fee for their inconvenience but you should still get (most of) the frozen money back. You can pester them everywhere but don't get your hopes up, it's not a trustworthy exchange.

I have been part of the YoBit signature campaign for about two days until Yahoo banned me from it for burstposting. That was a very good wake-up call and I thank him for it because that's when I also found the scam accusations against this exchange.

I've tried using YoBit for a while just for testing purposes. Keep in mind that I've made transactions worth a ton of money through different other exchanges a few years ago and I still know the mechanism of an exchange pretty well. If you're interested to hear my story, keep reading.

---

I participated in the non-existent YoDollars launch. This was a shady game from the start all the way 'till the end and I tried taking all their advertisement game down to 0 as much as possible.

In order to get the 700 YODA (and IIRC, they had a promotion for something like 400YODA/referral but I preferred not advertising this shithole to anyone), you had to do a lot of work. Mostly tweeting the shit out of the YODA scam so they could maximize the advertisement. Smart game, but I was able to fool it my own ways.

After a delayed launch of their YODA shithole, I have finally been able to receive my 700 YODA. But guess what: I did not receive it in my YoBit wallet. They put it in my InvestBox and I could only withdraw 1% of it per day, so I have actually only received 7 YODA a day instead of 700 at once. Anyways, I said that's fine - I can wait.. Next day, I wanted to withdraw 2 days at once (the first and the second), which accounted for somewhere around 14 YODA. As soon as I tried to withdraw, only 7 YODA were sent to my wallet because I had just found out (all by myself, no warnings anywhere) that if you do not withdraw once, your money will be non-withdrawable. Now I had 7 YODA sent to my wallet and 707 YODA sitting in my InvestBox. I said it's fine and I kept going..

Third day comes and I still have 707 YODA in my InvestBox. I had no more to withdraw and I was wondering what the hell is going on. I then found out I had to actually post an advertisement tweet in order to receive my shitty 7 YODA. Now I had to wait about 23h in order to receive my next 1%..

The following day, I still had 707 YODA in my account. I opened up a support ticket and asked them for my 7 YODA back because I had done exactly what I needed to receive it. The 7 YODA were then worth somewhere around 0.0003BTC so I asked them for that much BTC in case they solve the issue later when YODA is worth a satoshi. I still haven't received a reply to my ticket until today. After a quick look over my history of tickets, I found out I still have one open since 2019 which also has never been replied to.

In the following days I found a way to fool their tweet mechanism so that I would not advertise their shitcoin anymore but still receive my 1%. All went well except the fact that the coin kept losing value every single day. Weeks later, they changed the game: you had to play 10 Bitcoin Dice rolls EVERY DAY in order to receive your 7%. Because their minimum roll is 1k satoshis (or was it 10k?), considering today's YODA value of 150 sats, you will have to risk 0.0001BTC (0.001 if 10k was the minimum roll) EVERY DAY for something worth 0.0000105BTC. Where the fuck is the logic?

---

I would not recommend anyone this "exchange". It's not even an exchange, it's more of a give-us-your-money and advertise-us-for-free website. The ONLY thing I can positively say about them is that the withdrawals work but the fees are fucking high.

You'll be better off not using any exchange at all than going for YoBit.

Being new in crypto or a new tech doesn't mean you shouldn't read the big warnings, asking or googling before doing something (especially risking money). If you didn't knew you were sending from a contract, then ok, maybe it wasn't that easy for you to know. But if you knew, you should have read the warning. In all cases, learn from your mistake and be more careful next time.

We can't know how their infrastructure is done. What if they have no easy access to the wallets as a security measure? I know that some exchanges require some specific people on their dev teams to manually go through a wallet and recover the funds, which requires time. And because of this, many charge a big fee and only recover amounts higher than X if you do a mistake like this. Maybe this is Yobit's case, or maybe they simply don't care and are a scam (they are very close to scam in my definition). Anyways, they are not the only ones that do this (not support this kind of ETH deposits). Some exchanges recover them easily, while others don't. I'm just being devil's advocate here.