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

I think there is no doubt about that, unless the owner has changed and moved the headquarters somewhere else - which I sincerely doubt, considering that with their reputation it is difficult for them to do business anywhere except in Russia. The war has no bad effect on crypto exchange, it is an online business that has at least 100+ million potential users from that country alone, not to mention all those who are always looking for an opportunity to make money in extremely suspicious projects.

If you wonder why they are still in business, you should study a little more how things work in that country - pay whoever you have to and be sure that you will function smoothly.

They actually know very well when to use an idea to create the best Ponzi. The last time I used Yobit was in 2017 as far as I can remember. I used this exchange to sell a coin and I did not face any withdrawal issues. But since then, various tempting offers keep coming to my email from Yobit, and a quick check of them can be guessed that they are scams. I got this offer a few months ago.

Here is a name that I had almost totally forgotten about. "Yobit" was a major problem within the forum for a significant period of time with their unbelievable returns on their almost monthly non-blockchain ICO/IEO tokens. If there ever was a ponzi within an exchange, this was it.

It is true the number of claims against them seem to have dropped as far as the forum is concerned, it will be very difficult to ascertain what the situation is with regards to the number of victims that have been generated by their scams.

To my knowledge, that isn't true for every coin and I've seen notices on Coinmarketcap that Yobit wasn't allowing withdrawals for certain ones.  True, I haven't seen that many complaints about them lately, but I'd assumed that's because people smartened up and stopped using them for anything other than gambling.  As an exchange, they're a joke.

Aren't they based out of Russia?  That was probably stated here, but I'm pretty sure that's true and I wonder how the war is affecting them.  And lastly, it still blows my mind that they're still in business after all these years.  Better exchanges have come and gone and yet Yobit is still around.  Nutty, just nutty.

this is not true at all. there were a lot of complaints about the impossibility of withdrawal. a large number of coins from their platform cannot be withdrawn from there. I also remember that there were accusations of withdrawing large amounts of bitcoins.

that Yobit is not without problems with withdrawal, here are some examples only with Bitcoitalk:

Problem from withdrawing from YoBit
【Yobit.NET】The withdrawal is not completed
YoBit withdrawals "cancelled"
Yobit Withdrawal
Yobit is SCAM, Withdraw in process for 3 days and no reply from support

The most remarkable thing about Yobit is that we almost never hear about problems with withdrawals for users. All the currencies listed on Yobit can be withdrawn and I have used the platform for a long time without any problems until it got bad reputation after years of honest work.
The Yobit platform creates other ways to deceive users, mainly by encouraging them to invest in programs made by the platform and not related to the crypto market.
In this topic, I find for the first time cases in which users complain of problems withdrawing their profits from one of these programs: Yobit not paying out YoFarm Rewards. In any case, this platform has never cared to have a good reputation, and its experience here on the forum confirms that.

The question is did you manage to withdraw your assets, or does your withdrawal page show the usual wallet maintenance excuse they keep flashing to customers when they (yobit) want to get hold of their assets illegally?

K. On resume. I got login now by changing browser.

Not sorry!

I can not log in now. Banned from the chat and the telegram and the exchange it seems. And they got my coins.

Repressive bunch!. Don't use it.

No mcdonalds for you yobit1!!!

Russian Ultra Nationalists runs the show.

I was banned again. You laugh? I come to your exchange!

---

They only wanna play and they don't wanna pay.

[moderator's note: consecutive posts merged]

I was able to break trough the Telegram channel of Yobit and they at least unfrozen my account.
But still for many coins the Wallet is in Maintenance and they let people trade the coin but not buy and withdraw.

any update regarding this issue ?

pqoeM18vCaU youtube

Give it to the Russians. Jesus Christ Super Star.

Tell Richard to buy a bitcoin if his shit fails. Before. Most progressive mindset.

I got the yankie bar. I kill monsters in fallout 76 while your profits grows. The deal.

No one got nuked. And M.O.A.B ended up on a museum. You have the nukes for power cores. It can be used for power cores.

Mint extra coins. To clean up finance. Power core is a battery so escotic it will make you beg for energy.

I called Richard. His shit is crashing. Despite the T-shares. I wanna see infinite beers (Conflict of intend).

He used a share on revenge. No way he is victimizing the users. I owe him no more.

---

You tell Richard his wealth is recognized. I hate Rolex. Lemmings wise.

An investor would need reason to get in!

---

Gonna buy some shares in my bank tomorrow.

Quantitative model.

My bank reports to the state.

You seek loss you try the inflation model. Judged down by punks and replaced by ATM's. The technological environment.

Being nice is still not downrated. I go to the shop when it's open.

[moderator's note: consecutive posts merged]

Fixed your post a bit 
There are at least 25 coins that you can deposit at least occasionally but can never withdraw.
There are coins that at times, deposits & withdraws are opened but they never actually send or credit the coins.

Sadly there are people who should know better who get burned by this.

-Dave

Yobit continues to list sexcoin drawing in unsuspecting investors who then can't withdraw.

I'll add the little I know - the sexcoin blockchain forked (at Yobit's end), or, their withdrawl function just doesn't work.  Either way investors and day traders of sexcoin lost out trading on Yobit which their Forum profile Yobit has known since 2016-01-08, 19:39:41 and has chosen not to deal with much less rectify.

@dogedoge737, so sorry for your loss, let us hope you will still get back your funds. But know that yobit is an exchange, yobit has shaddy ways that can make people to lose their funds with too many shit coins it has that are not even listed on platforms like Coinmarketcap and Coingecko, but this is not the issue now, the issue is that you can not login. Supposing you are using noncustodial wallet and you have your seed phrase protected, it will be easy for you to get access to your doge. This is not only about yobit, but also any other centralized wallet or exchanges, you should not use them to hold, custodial platforms will tell you that you are in control, but unknowing to you that they have the full control, and they are able to overide you because they have the private key. Not your key, not your coin. Do not leave your cryptocurrencies  on exchanges.

Let us hope you will recover back your funds, but if you do not, the funds are with yobit, and yobit have the capability of making use of it.

dogedoge737, i have had an account on that crypto exchange for at least 5 years because I used to be in their signature campaign a long time ago, and only 2FA I had was the one through email, which still works today without any problems.

As far as I can see there is an option to disable 2FA, have you maybe tried that?

2FA Disable Request

Ugh, that's horrible.  As an aside, I didn't think that investbox function was available back in 2018--or did you use the doge for that sometime later? 

Anyway, if you're challenging Yobit to prove their integrity you can forget about it.  They don't respond to any of the scam accusation threads here, even though they have an account on the forum.  It's beyond me why they can't help you log into your account if you have all of your information.  It could very well be that they want to steal your funds or it could just be their notoriously shitty customer service.

OP, keep at it with them and don't give up.  It sounds like there's a lot of money at stake here.  Also, please update this thread if you do end up resolving your issue, because I'm sure the community would like to know the outcome. 

This is yet another example of why you don't want to leave your coins on an exchange, especially not for years.  OP, I'm sure you've learned that the hard way, but newbies should take notice and not make the same mistake.

I have an account at yobit in 2017, in 2018 I once made a DOGE deposit there, more than 2 million doge from Indodax Exchanger.

This is proof of my deposit there
txid: 31228a13f5775154f003ce2aa8918001188e009ab8c802858b7608f7fc33ae7b

At Yobit Exchange there was an investbox offer that made me interested in making a deposit there, after my deposit entered my DOGE into their investbox, at that time I was doing a periodic login there, everything was fine, after that I never logged in again.

in 2021 i remember that on yobit i have an account , when i try to open it they reject my 2fa authenticator , the system refuses with the reason my 2fa is wrong.

I asked them about this, I want to try resetting 2fa, their reason is that this facility is no longer available, resetting 2fa can't be done, I've never reset 2fa so far and I'm restricted to login.

I've had many conversations through tickets only given the same answer without a solution.

Reset 2fa is limited, login using 2fa is rejected, does this include fraud from Yobit Exchanger.

In this discussion is a proof of Yobit Exchanger SCAM or not.

My 2fa status is active and I never change it.

If it's true that Yobit Exchanger is not a SCAM exchange, please prove it to me, open my account, don't freeze my account.

Below is my account name
Nickname : HL12301

I have contacted Yobit Support many times, but their service is very slow.

If you are proven innocent, open my account, if you don't do that it is proven that you have committed fraud against users' accounts.

this is where all will be answered, I am really waiting for your answer YOBIT EXCHANGER.

Let us all hope more people search online for Yobit reviews before they deposit any money at their website because in the end they will end up losing it all.

Some of us are completely surprised how Yobit is still operating and has not been shut down by multiple law enforcement agencies.

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.

I was new to crypto , I didnt knew. But still I consider it scam. Cause why is it possible to do this action? 
Its a loophole. Cause they can give the money back if they want, cause it has been transfered to them.

I really hate defending Yobit, but they literally warn you about this when you click to deposit ETH.

In red:

Watch out for Yobit! They scammed me big time, I lost 2,3 K

I made a ETH deposit on Yobit and then I never got the deposit but they kept my ETH

All they said was "Yobit did not support contract deposit" and we can't help you

This is just to update this thread with the most recent wrongdoing of Yobit.

Yobit had an airdrop of YoDollars (YODA) in December if I'm not wrong and listed the coin in their exchange this month.
But when users went to the TG bot to withdraw YODA they complained that the balance was zero. 700 Yoda was worth BTC 0.028 or more at some point after exchange listing.

I am sorry to read about you losing out on 2.1 BTC but could you please elaborate on what you posted: "They stole my 2.1BTC and I could do nothing"

How exactly did they steal it? Did they selective scam you via the age-old KYC or suspicious flag excuse or are you just referring to their investbox ponzi scam?

Yobit is scam exchange.
They always use different theory to scam people by ico ieo freecoins airdrop etc.
First they let you earn small and as soon as you deposit big and they scam you without you realize.
When you realize you scammed then it's too late.
I advice do not let them steal your hard earned money.
If you have funds with yobit withdraw as soon as possible this exchange may go away anytime and they do not publish admin information not even whitepaper.
Do not leave your funds at yobit or else you will loose all sooner or later and you can do nothing after that.
They stole my 2.1BTC and I could do nothing.

Since there is more recent activity in the Reputation board I thought is was important to thank AdolfinWolf for the thread and to link the new threads here too:

https://bitcointalksearch.org/topic/m.53424339
https://bitcointalksearch.org/topic/yobit-signature-campaign-5211944

its going a bit offtopic here  

what do you understand as " worked for" ?

Actually yes,

I found Mr TillKoeln very suspicious,

Looks like he worked for Yobit in 2014
Then worked for Cryptopia in 2015 - 16
Then worked for other exchanges 2017 - 18
And is running his own assethylene exchange in 2019

Are you investigating something? LOL!

He will not post the list here probably, maybe he has a lot of shitcoins which he has created before 2017 when cryptonians were noobs, who invested in every coin listed in an exchange. Anyways, ask him in private... 

So far we knew 4 of his coins, PONZI, PONZ2, 1337 and SCITW and wondering how many more are there and how much money he made with these shitcoins.

Interesting, so where can i find a list of all the coins you have worked?

hey fratoshi
i think thats going offtopic now ;-)
if you have any questions to me
feel free to ask them on discord or pm or twitter.
cheers


and yeah, i think on cryptopia was [1337] listed ,   which was published by me

Interesting, can you tell me more about your work at Cryptopia?

lol yeah. wait
https://github.com/Tillkoeln/ponzi

i have a coin named ponzi released.

and  [SCITW]

Shittest Coin i the World, .

this is very interesting, i always though that yobit was a good exchange, not the most legit but good,
then i see that TillKoeln is the owner of another exchange that have connections with tradesatoshi owner,
this exchange that belongs to TillKoeln mimic yobit, it has no company incorporated anywhere,
then TillKoeln is knows as the creator of some PONZI coins, listed on yobit.

Let me tell you this Mr TillKoeln, i will not rest until i found out the link between all those scams you are involved, and from now on i will not support yobit anymore, i will add it to my scam signature list when i discover the connection.

See you later Mr TillKoeln , we will be watching

I don't know of TillKoeln's involvement in other exchanges but his involvement in Yobit is for his PONZI & PONZ2 coins if I'm not wrong then. Maybe he has more coins there which I don't know.

It is hardly a joking matter when you use a signature of a known shady exchange. There is no logical reason to use it and putting a humorous spin on it does little for justification.

One thing for sure is "join the cool kids" is just not working as a tag line and nor is that signature for those familiar with Yobit.

Hummm!

Mr TillKoeln, can u tell me more about your involvement with Yobit, C-cex, Cryptopia, Tradesatoshi Unnamed Exchange and Cryptobridge?

lol guys ..
no ^^



i just used yobit`s signature design and added "better play with the cool kids" 
i had expect that atleast the one or other understand these joke.

Interesting, there are rumors that unnamed exchanged uses assethylene script developed by cryptopia founder and tradesatoshi owner adam clark, this adam clark was interacting with cryptobridge and notsofast about why cryptobridge implemented KYC because they lower the fees and they need to cut server fees, that signature is identical to yobit, so now makes me think that there is the possibility that all those exchanges are run by the same criminal organization. I still use yobit now and then, and never had a problem, but i am starting to think is maybe better to stop using yobit for the moment

Well the signatures match but is there any evidence the two websites are related?

I think the owner covered it here: https://bitcointalksearch.org/topic/unnamedexchange-unnamed-exchange-official-thread-5169189.msg52778885#msg52778885

May be it's related to yobit. I found a thread here- https://cryptotalk.org/topic/370-%E2%98%85-unnamedexchange-unnamed-exchange-official-thread-%E2%98%85/
Not certain but it seems like behind the scene yobit is the team there.

Very interesting to see that after a post like this one you have still decided to wear a signature which will continue to support this shady exchange full of dishonest practices.

Not that it matters, but wasn't it boats and bitches? Good times lmao.

Is this related to Yobit or did they just rip off the signature design?

https://bitcointalksearch.org/topic/unnamedexchange-unnamed-exchange-official-thread-5169189


Edited 2020-11-30 to fix a broken image

I see Yobit are once again spamming threads with fake accounts in an effort to continue their scam - loads of nuked accounts so far, fair play to moderators:

https://bitcointalk.org/modlog.php

This does not give me confidence about my withdraw/support ticket being answered, or me getting my coins back, at yobit.

The reason they are on Yobit and no other exchange is because those coins are trash and a scam invented by Yobit.

With all due respect sir, I just found out about this. And I am not on one side. I rarely play at Yobit, I trade there because there are indeed some coins and tokens that only exist in the Yobit that are not in another exchange. I talked about the obstacles there, and I did not find any obstacles such as deposits and withdrawals (that happened to me) and I did not know about other people who had problems with deposits, withdrawals and coins that suddenly disappeared at Yobit.
I'd better see the development of this case. And start being careful with Yobit.

New Personal Message: Deleted Post
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Bitcoin Forum <[email protected]>
Tue, Apr 30, 9:55 PM (2 hours ago)
 to me

You have just been sent a personal message by Bitcoin Forum on Bitcoin Forum.

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A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.

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I asked about a link to URANIX website and Whitepaper to better understand what is the coins purpose since it was issued by Yobit, and how is this of topic, since this thread it's about both ?

Is this not the name of this thread  ?

Yobit Scam Accusation megathread. "Normal" modus operandi or shady practices?

Reply to this Personal Message here: https://bitcointalk.org/index.php?action=pm;sa=send;f=inbox;pmsg=9538646;quote;u=0

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WHY DO YOU DELETE MY POSTS ?

So, since registering here in April 2016 you have promoted numerous scams on the Indonesian thread & now you're posting here trying to say that you've never heard of Yobit being a scam? Who are you kidding? New sig campaign?

Wow... I just found out about this, about Yobit. Since the first time I used Yobit until November 2018, I have never found obstacles such as deposits and withdrawals as experienced by people according to the links in your thread. Did this incident really happen? Is Yobit Dot Net running a modus operands? or a scam?

It could be that it was very off topic?

Could you link the thread that you posted this in so we can have a better understanding of the context?
If it wasn't about yobit it probably didn't have much place in the conversation.

---

Not that you would have garned any response, because i'm pretty sure  there is no whitepaper for URANIX..  

Bitcoin Forum <[email protected]>
Apr 28, 2019, 9:25 PM (5 hours ago)
 to me

You have just been sent a personal message by Bitcoin Forum on Bitcoin Forum.

IMPORTANT: Remember, this is just a notification. Please do not reply to this email.

The message they sent you was:

A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.

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A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.

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Can anyone post a link to Uranix website, or White Paper for Uranix ?

Reply to this Personal Message here: https://bitcointalk.org/index.php?action=pm;sa=send;f=inbox;pmsg=9535466;quote;u=0

Yet here you are still wearing the sig & shitposting at a rate of one per minute....


@shasan: You realize you're talking to a Yobit account right? It's promoting another of it's scams, that's why it has re-posted the deleted post.

The Yobit investbox is meant for them to use your BTC for Pumps on their personal ICO's. They know you won't withdraw the coins for some time and it gives them enough credit to play with. If everyone would cash out from their Investbox they would not have enough funds to pay everyone back.

I received an email that they are going to do IEO, this is not good and not recommended for traders, we all know it's reputation they are ban in this forum, they are the exchange that has the most number of traders that scammed traders, who know you will become its next victim, because they are very notorious.

It's not actual IEO what's happening in Yobit last few weeks. I'm 99.99% sure that those IEOs are Yobit's own and it's not from any entities.

So it is very obvious to not have any whitepaper or any other info of those tokens. This is just another way of scamming Yobit users by Yobit.

Afair, already 4 IEOs held so far and another one is coming. So Yobit have earned 3000+ BTCs without any effort and of course in no time.

There is no information about Uranix. You can't see any social media profile, any website, any contact info, whitepaper, roadmap and also you can't see the team. It is own coin of yobit (I think).

I've tried, but nothing, and then i mean absolutely nothing shows up when you google any of these terms.

I highly doubt there's a whitepaper, and if so, they've done a fabulous job of hiding it.

Even better, there's not even any discussion about them/it. It's amazing and shocking at the same time how little is known about all these tokens, and yet people are still buying them like crazy..

Good for yobit i guess.

There's no one either who knows how many of these tokens really are in circulation, and whether or not they actually exist on protocol level, or if yobit is just editing their own database to generate more whenever it suits them.

Wow this has got to be one of the longest compilation of YOBIT scam complaints, and with this kind of report I don't think theymos and other moderators will allow them to promote their platform here, they have become the enemy of traders, they can look for other forums to post.

Probably they will run again another big promotional campaign on forum:
https://twitter.com/YobitExchange/status/1119228178743083009
And unfortunately a lot of forum users are ready to wear their signature!

About some users review, a lot of newbie lost their coins on yobit using maintenance wallets/ send the wrong token to an ERC-20 address.

Investbox is not a scam by itself.
Obviously it turn to be a scam since they are using to pump/dump and promote project like "LIMBO" "LAMBO" etc etc.

Nice work Awolf and thanks for putting all the pieces together.
Please put all the scam accusation thread in op, not just some. Make this thread Yobit's Scamopedia.
Anyway, why haven't you mentioned the Liza, Lizun, Limbo, Lambo, Bambo, Rambo scam story? Do you know about it?

The ticker fraud is new to me and now I'm wondering everything is possible for yobit.

I used them 2017 now i wanted to login again an the email auth code was never sent,
so i registereed a new acount withgoogle  2fa (because i thought it will replace the email auth code)

I logged in and out to test if it works without authcode, then i transfered some litecoins (~7eur + 6eur ripple)
then i wanted to login again and bam suddely the email authcode problem occured and i was locked out.

i am not a noob i tested many things, 4 different browsers, 2 accounts , 2 pcs, 2 differnt email providers.
i never got the email code BUT i get the ico promotion emails and the support answers just fine!

i waited 2 days and got in total only 1 sentence per "support" ticket.
she/he claims its my fault and i have to fix me servers? wtf.
Btw since i cant login i had to open everytime a new answer.

after the third mail i got so mad i wrote him f*you (i never did this in years)

this lazy arrogant sucker reminds me of the BTC-e dude back then (BTC-e answeres where usually 1-3 word only!)

I haven't seen any exchange that hasn't had any scam accusations against them. Hitbtc owner has negative trust on the forum but still the exchange is running fine and has paid me over 0.4 BTC per withdrawal without any delays and their support also responds in time and same goes for Yobit though there have been many accusations against them. Cryptopia also was considered scam when they got hacked but they paid me along with other users

None of the exchanges show any liability towards customers and just refuse paying huge withdrawals without giving any reasons but if they do selective scamming, that raises a doubt so none of them could be trusted completely nor considered 100% scam till they scam all their users.

Yobit has freebies and launches their own IEOs which is shady and they have many shady options like dice system and so on but they are still processing user's withdrawals. Many coins are still being traded on their exchange and at normal market rates and still many ICOs consider to list their coin on yobit.

Note: I don't say Yobit is safe but it stands among the exchanges that have been considered scam like hitbtc, cyrptopia, bittrex and even coinbase in that regards.

The fact that they essentially incentivise pyramid-like activity on their platform with things like ROMs (Rise only markets) and their Investbox (which is essentially somewhat of a HYIP in itself) makes them shady at best.

This is not to mention the fact that their customer support has demonstrated time and time again that they are completely unreliable and will not help you out when you encounter any sort of issue with them. That is a fact given the absurd numbers of complaints you see on this forum on a regular basis.

Is it a normal business model for an exchange to encourage manipulation and even make a new type of market, and the IEOs, solely for manipulation? Definitely not. Is the Investbox a ponzi? I'd say so, and it'll eventually collapse sooner or later given the unsustainable rates they offer. But anecdotal evidence alone should be sufficient to accuse them of not being a legit exchange, at the very least, not a safe exchange.

I used Yobit before but luckily I don't encounter any major problem, there is only one thing their servers are slow and it causes lag.
I'm not defending yobit but with those proof and so many evidence of scam accusation, why yobit still exist? It should be taken down already. Someone
needs to step up and file a case.

Thank you for putting this together. I knew some of it but not all. Ticker fraud would sound quite hilarious if it wasn't so damn scammy.

The only thing i see on their twitter is users replying that their deposit hasn't been credited, or that they've been scammed in a different way.
(Perhaps because they don't get a reply on their ticket? (I'm just guessing here...))

https://twitter.com/YobitExchange/status/1101219941095755781
https://twitter.com/YobitExchange/status/1118118913861148672
https://twitter.com/YobitExchange/status/1100776509680377861

Are those users commenting scammers too? 

i used . yobit since 2017 . and i dont have any problem with it ;deposit and withdraw instantly
There are some scammer on offecial page twitter yobit (https://twitter.com/YobitExchange) claim themselves as support employees (if you have any issue you must open ticket)

Yobit is definitely a scam. Read those scam accusation linked again and again.

Even the signature campaign is managed by a reputed manager or escrowed, yobit is still shady as hell. Resolve those tons of scam accusation first before trying to cover those scams with their paying campaign.

I wasn't aware of any issues with Yobit (I'm not really an active trader). I'll start reading all your reference links. I'm not going to wear a signature for a scam/shading exchange. Will definitely remove it if Yobit is a proven scam.

Let's have a healthy discussion as to why Yobit is/might be a shady exchange, and whether or not the promoters of said service should face any repercussions for the damages they do against customers who are unknown to Yobit's business practices. (Which is to squeeze as much money out of every customer possible.). Or if this is completely healthy, and everyone just has to do their own due diligence before using them.

---

Table of Contents:
I. Prologue.
II. List of various accusations against yobit. (Cannot be effectively proven, as we only have other people's accusations.)
III. Yobit selectively scamming users and freezing withdrawals. (Cannot be effectively proven, as we only have other people's accusations.)
IV. Yobit' site owners orchestrating pump & dumps.
V. Yobit's InvestmentBox .
VI Yobit's ticker ignorance/fraud.

---

Sources.
[1]
[2] https://cointelegraph.com/news/cryptocurrency-exchange-yobit-investigated-in-russia-on-fraud-claims /  http://forbes.net.ua/news/1428269-komanda-forbes-ukraina-stanovitsya-mind-ua (?)
[3] https://bitnewstoday.com/news/exchange/businessman-connected-with-yobit-arrested-in-moscow/ / http://www.coinfox.info/news/8864-millions-of-nem-stolen-from-coincheck-transferred-to-russia-related-exchange-yobit (?)
[4] https://twitter.com/yobitexchange/status/1050035464609124352?lang=en / https://twitter.com/yobitexchange/status/1050777225505705984?lang=en
[5] https://www.reddit.com/r/CryptoCurrency/comments/7wobq0/reasons_why_i_avoid_yobit_and_why_you_probably/
[6] https://bitcoinexchangeguide.com/warning-russian-crypto-exchange-yobit-uses-ticker-name-to-fraud-traders/
[7] https://medium.com/@rdbritannia/the-exchange-ticker-scam-from-russia-with-love-7d6e206c3b64
[8] https://cryptoinsider.com/yobit-net-scammers-incompetence/

---

I. For those who don't know about yobit, they're a russian exchange[1], with various features which i think are quite controversial. They've been investigated for fraud in the past[2]. And have unknown owners. Although it is rumored that the actual owner was arrested on fraud charges[3]. It's unclear to me whether or not this is actually true though(?).

I might have a wrong view of certain business practices conducted at Yobit. If my accusations against them are false/ungrounded, please feel free to refute them.

---

II. This is pretty shocking. Over the years Yobit garnered hundreds of scam accusations, most of which have gone unanswered despite them having a BTT account. I haven't seen this number of scam accusations against any other exchange.

Just a few examples;

https://bitcointalksearch.org/topic/how-yobit-scammed-me-2163490  HOW YOBIT SCAMMED ME
https://bitcointalksearch.org/topic/yobit-scammed-me-1520780976-ethereum-2831618 YOBIT SCAMMED ME 15.20780976 ETHEREUM
https://bitcointalksearch.org/topic/yobit-scam-need-to-boycott-this-scam-exchange-next-crypty-scam-ico-1880931
https://bitcointalksearch.org/topic/yobit-scam-exchange-4327871 YOBIT Scam Exchange
https://bitcointalksearch.org/topic/yobit-scam-trade-lost-money-4319301 Yobit scam ? Trade lost money
https://bitcointalksearch.org/topic/yobit-scam-syscoin-withdrawal-3948962 Yobit SCAM - SYSCOIN withdrawal
https://bitcointalksearch.org/topic/1000-eth-blocked-yobitnet-wont-explain-or-resolve-3636433 1000+ ETH blocked: Yobit.net won't explain or resolve
https://bitcointalksearch.org/topic/yobit-scam-class-action-law-suit-3109307 YOBIT scam - class action law suit
https://bitcointalksearch.org/topic/yobit-seems-wants-to-steal-my-money-are-they-scammed-3893592 YoBit seems wants to steal my money. Are they scammed?
https://bitcointalksearch.org/topic/scam-market-yobitnet-and-yobitio-3659923 Scam market YObit.net and YObit.io
https://bitcointalksearch.org/topic/yobitnet-scamming-my-deposit-3307444 Yobit.Net Scamming My Deposit

---

III.
I'm kind of reluctant to show these as proof that yobit is a shady exchange, or scamming customers, as i don't know the ins and outs of each case..
However it is obvious that with yobit there's far more users complaining that they can't withdraw coins/their wallets have been frozen.

Some accusations, again.
Please unfreeze my YoBit account
Support tickets about NewYorkcoins should be directed to Yobit
yobit about to take off ?
WARNING YObit is a scam (User was able to login but had no support offered whatsoever.)
You can google far more examples of users not getting answers to their tickets, and thinking that they've lost their funds.

---

Now onto the observable questionable behavior:

---

IV. This one is quite obvious, and they're not shy from hiding it.

What they used to do is just call it a pump and dump, and  add a timer as to when they were going to "release" it (the pump). It was announced on all of their social media, "Pump and dump in X hours"[4] https://yobit.net/en/pump/timer/

It's unclear to me whether they still do this. (but don't worry, they replaced it with an instrument just as bad!)

So, after a boatload of criticism, i guess they changed it to "New ICO in X hours, (what's now a new "IEO"), so that it isn't really market manipulation anymore. (I'm guessing?)

They're still doing this as of today. You can see the countdown timer here. https://yobit.net/en/ico/timer/

Basically, they launch a non-existing project, and users can buy their sack of shit, hoping an even bigger fool will buy it from a higher price from them. I guess one could argue that this isn't against any laws, but it sure as hell is shady. And perhaps it is actually quite unethical to serve your customers a literal pile of dogshit with atleast some of them not knowing that what is on the menu is not edible..

From someone who participated in them.

---

V. Their InvestBox. despite them stating the obvious;
If it's not a ponzi, (which, well, it really does have all the looks of it.), it for sure is a nice way to get more people into a shitcoin, of which the dev can then just dump all the coins of slowly to 1 sat. I believe this is what has been happening, and is the entire purpose of the "InvestBox".

Take a look at the "MOON" and "URANIX" investment plans, and it becomes fairly obvious.
https://yobit.net/en/trade/MOON/BTC
https://yobit.net/en/trade/URANIX/BTC

Again, as i see it, this is just another way for yobit and shady coin developers to squeeze some more money out of ignorant/new traders.

---

VI. Yobit's ticker ignorance, or plain fraud? I'm not sure.

There are a couple articles about this explaining it, but basically it went like this. Yobit (or was it a third-party? No one knows...) created a shitcoin called Boat's n Boobs', and listed it as BNB.
through washtrading they kept the price ~x% under the actual marketprice BNB (Binance Coin) was trading at, and defrauded investors who thought they were buying actual BNB coins.


The coin got "delisted" after some controversy.

Some articles/ reddit threads; [5] [6] [7] [8]

---

Now there are multiple questions to answer, the first one being as to what extend this sort of behavior is fraudulent, (If fraudulent at all, you decide.), and if it is, to what extent the promoters of Yobit are complicit in this.

People who promote ponzi schemes in Gambling threads, or advertise pump&dump groups are usually tagged/ ushered away rather quickly. If Yobit was proven to also engage in that behavior, wouldn't wearing their signature be essentially the same as promoting a ponzi/pump&dump scheme? (I don't know..)