Bitcoin Forum

I bought some LIZA coin from Feb., Mar. and Apr. this year by both USD and BTC. However, I just found out that there is not any LIZA coins on my account any more. I did check the history, all of the purchases are clear there and tell how many LIZA coins I bought and how much I paid. All of the coins are missing and I could not trade. Does anyone has similar situation? Does anyone know what happened and how should we get all of our LIZA return from yobit?

Thanks!!!

Maybe it was delisted?

Thanks Ekze. Maybe but they should let user know. However, I did not receive any information about it.

Yobit delisted it

Even if they delist it it should still be possible for you to see the coins and also to withdraw them, at least within a certain timeframe. And this doesn't sound like a reasonable timeframe if they completely eliminated the coins from their database. Reach out to them if you can.

Really? do you guys think this is fair and give up all you money and efforts you spent???? Should we join the team here who is haring lawyers to help us on this matter?

It is even more crazy. Yobit even has banned my access to the account as below?!?!?!?!:)

Error 1015 Ray ID: xxxxxxxxxxxxxx • 2018-06-02 14:26:27 UTC
You are being rate limited
What happened?
The owner of this website (yobit.net) has banned you temporarily from accessing this website.

Does anyone have such problem above? Thanks!

I tell people since 2 years that yobit is absolut scam

Hi Lowryda23, thanks but I know this too late. Since I have such serious issue, how should I get some help from yobit besides hiring lawyers?

Best!

They denominate liza. if you have 100M liza earliar then now you have 1 liza. They gave 1 liza against 100M Liza. Their News: https://twitter.com/YobitExchange/status/1001091754785898498

All Liza holders got 1 Liza against 100M Liza.

You are right. Yobit is scam. I posted about them earlier. You may see my earlier post (https://bitcointalk.org/index.php?topic=4237422)

Yobit - machinator, sharper. it is better not to deal with this exchange Yobit.

Thanks All. even though I did not get any. My count is 0 LIZA.

On the other hand, They did not inform me about this denomination. Is this kind of denomination official allowed?

up up

We got the same situation, all my liza tokens are gone....so sad :(

LIZA on Token Store?

https://token.store/trade/LIZA and trading a lot lower. Is that this liza?

The same thing happened to me.

This is the reply I received from Yobit:

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2018-07-11 12:44:20 matveevka
Dear user!

A denomination on LIZA was produced at May, 29.
There was a message on the official Twitter more than 24 hours before: https://twitter.com/YobitExchange/status/1001017986

During denomination balances were divided by 100 m (one hundred million),
the price after the opening of trading rose approximately by the same order.

Old rate-1 liza = 0.00000002 eth = 0.0000000016 (8 zeros) btc = 0.16 btc satoshi
New / current rate-0.14 btc

If we divide the current rate to a 100m denomination multiplier -
0.14 / 100m = 0.0000000014 btc = 0.14 btc satoshi, which is slightly different from the price before the denomination.

Therefore, all your funds are safe.


Old investments in InvestBox were canceled due to overload core Investbox by small investments.
If this is not done, users with a large number of small investments would lose their funds.
Therefore, all funds were returned to balance, investments were closed, and then the denomination was made.
As a result, you have not lost anything: zeros were removed, but the rate remained at the same level.

Sincerely, Yobit support.

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#1 On May 28th, the value of LIZA Coin was 0.00000001 BTC (1 satoshi). If Yobit decreased denominations by a factor of 100,000,000 then it would need to increase price by the same amount (in this instance 0.00000001 BTC x 100,000,000 = 1 BTC). So, LIZA Coin would have had to be equal to 1 Bitcoin (The cryptocurrency benchmark and highest priced coin in the world). Yobit only allows me to see the price on May 30th (which is .47 BTC, not 1 BTC). I'm unable to confirm whether or not the price ever equated 1 BTC. If not, Yobit did not increase the price by a factor of 100,000,000.

#2 If the price did indeed reach 1 BTC (0.00000001 BTC x 100,000,000), then my initial purchase price on February 16th, 2018 of .00000578 BTC would need to rise to 578 BTC (.00000578 x 100,000,000) in order to maintain market value, given that the amount of approximately 6,133 LIZA Coins was divided by 100,000,000 = .00006133 LIZA Coins. However, as far as I can tell, the price was never increased by a factor of 100,000,000 to begin with - an increase which would have made LIZA Coin equal to the price of Bitcoin. Again, as on May 28th LIZA Coin was 0.00000001 BTC (1 Satoshi), so 100,000,000 times 0.00000001 = 1 BTC). On May 30th, the price reached .47 BTC (still making LIZA Coin the 2nd most valuable coin in the world, after Bitcoin). As expected, after the involuntary LIZA Coin Amount denomination decrease of 100,000,000 and the spike to .47 BTC, there was a massive sell-off resulting in the current LIZA Coin price of 0.00321999 BTC (instead of the 578 BTC I would need for fair market value) roughly about 6 weeks later, today July 11th - when I'm now checking my LIZA Coin Balance.

Let's pick an arbitrary number to hold constant to calculate how much was lost. Let's say that Bitcoin was $10,000 USD then and now. 6,133 LIZA Coins at a rate of 0.00000578 BTC = 6,133 LIZA Coins x $0.0578 USD = $354.48 USD. After the involuntary denomination which reduced my coins by a factor of 100,00,000 the amount of LIZA Coins I have = 6,133 / 100,000,000 = 0.00006133 LIZA Coins. 0.00006133 LIZA Coins x the current market rate (On July 11th 2018, 3:00 EST) of 0.00300100 BTC ( Again, holding Bitcoin constant at $10,000 USD)  = 0.00006133 x $30.01 USD = $.00184051.

So the value in USD has decreased from ~$355 USD to ~$0 USD. My investment in LIZA Coin has been reduced to nothing.

In order for it to return to par (the original market value of ~$355 in this scenario where the price of Bitcoin was held constant at $10,000 USD), LIZA Coin would have to achieve the implied price of 100,000,000 x the price (1 Satoshi at that time) = 1 BTC. In my case, LIZA Coin would need to achieve 578 BTC.

Now a whole new set of eager buyers will likely jump at the chance to purchase LIZA Coin at the current market rate of 0.00300100 BTC (which would be $30.01 USD if Bitcoin was $10,000; Actually $21.21 USD given the current Bitcoin Price). Seemingly a bargain given the max rate of .47 BTC ($40,000 USD) on March 30th 2018.

I'm of the mindset that Yobit knew exactly what would happen through this involuntary LIZA Coin Reverse Split of 100,000,000 to 1. As Yobit already decreased the price of LIZA Coin to the lowest allowable amount in cryptocurrency (1 Satoshi = 0.00000001 BTC), it had to find a means to retain the all the funding from those who purchased LIZA Coin. So it orchestrated this involuntary 100,000,000 to 1 Reverse Currency Split (something that only exists with stocks which are securities/assets, NOT currencies) to retain the funding it had already received while simultaneously attracting new investors, unkowing of the fate which is likely to befall them.

This is a perfect example of why Yobit is referred to as a SCAM.

eLOVE

Aye!
What can u say more about LIZA. This is pure HYIP game done by Yobit.
10% a day, but coin down 20 to 50 % a day.
And Re-Denomination.

Rinse and Repeat!  ;D

I COMPLETELY AGREE!

I'm not one for Cryptocurrency Regulation (and have long since moved on from sites like these, from a time when I didn't know any better) but there should at least be some minimal regulation against these types of Scam Exchanges / Coins.

& Upon further inspection, I don't even have 0.00006133 Coins. I have 0.000006133 (5 zeroes).  So instead of 6,133 / 100,000,000 = 0.00006133, Yobit used a re-denomination factor of 1 Billion in my case. 6,133 / 1 Billion = 0.000006133. Smh

Liza Update: now percent in IB for Liza is dynamical: 2-10 days - from 2 to 10%, more than 20 days - 12%, more than 30 days - 14%, more than 60 days - 16%. Any sell of LIZA or Yobicode action on your account leads to percent reset to 1% / day.

Buy LIZA here: https://token.store/trade/LIZA