Exchanges

11/10/18 09:13 UTC-4

"Pump&Dump" on Yobit: scandalous statements on Twitter

YoBit is going to allow and support the scheme
YoBit is going to allow and support the scheme "Pump and Dump" for traders

The YoBit exchange is going to allow and support the "pump and dump" scheme for traders.

Post about pumpPump & Dump
– is a manipulative gambling scheme with a view to making quick money. The essence of the scheme is an artificial increase in the exchange rate of the currency on the market, the stock exchange with its subsequent collapse, or vice versa: a collapse followed by a rise. Details
on YoBit was published on October 10 on the official Twitter of the exchange. In addition to the application for the legalization of fraud, a countdown sensor to "Pamp-dump YoBit" appeared on the website of the exchanger.

Users reacted ambiguously. Immediately after the publication of the message about the "pump-dump", a lot of comments appeared: among them are negative, as well as assumptions about hacking Twitter and the site of YoBit.

 

More details in overview "Yobit: description, algorithm of operation, pros and cons of the exchange site"

 

YoBit – the Russian tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
platform – several times already got into ambiguous situations and headlines about "suspicious activity". Several times there have been reports of user problems with the withdrawal of money from online wallets.

According to the data provided by CoinMarketCap, the daily trading volume of YoBit is about $ 28 million.

Editor: Yuliya Soroka

#Yobit #exchange #pumpdump

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