Bitcoin Forum

hi guys
another SCAM from yobit exchange in YODA and DICE coins YOBIT team dumped YODA
from 250 - 300 satoshi to 3 satoshi in few weeks and also SCAM peoples in DICE this
was the biggest SCAM they dumped DICE from 14000 satoshi to 3000 satoshi in few days only
stay away from YOBIT EXCHANGE and if you have account withdraw fast your money

The word
 scam is strong accusation, do you have proof?
you don't just call out anyone with out backing up with proof or something sort of image otherwise no one can prove you innocent.

It was accused here on the forum many times as a shady scam exchange but honestly, I use their service before I never experienced any issue using them but the coin that I bought from them can not be withdrawn and it stuck forever.

If you want to see more evidence there are many threads that you can read from this thread below.

- Yobit Scam Accusation megathread. "Normal" modus operandi or shady practices? (https://bitcointalk.org/index.php?topic=5134358.0)

When it comes to Yobit, it's quite mild, I could easily find twenty words that fit them better but I won't use them on a public forum.
Yobit is the lowest of the lowest, with the way they mint coins with no blockchain and run Ponzi schemes with their investor's box I don't understand why would somebody else even touch those coins or any of their products aside simple btc<>altcoin exchanges and immediate withdrawal.

Bottom line, there is no more need for proofs when it comes to yobit, but at the same time people got bored calling them out for every scam they come up with, I doubt anyone can keep track of all of them, even the one presented by BitMaxz is missing a lot of them, that topic should get updated at least twice a week!

LISA, LIKE ALISA, X10, PONY, YONE, YODA, all going to zero, 1 satoshi and no buy orders, that's the faith of all.
Oh, did I forgot CORONA? Bleah!
 

If I understood what you're saying correctly, you're calling YOBIT a scam jsut because these coins dropped in price. Right? Well, that's not how the market works bud. That's what you get for holding these casino-ish altcoins— play stupid games, win stupid prizes.

Both YODA and DICE coins are from Yobit exchange and this was supposed to be happened at some point. They create coin out of thin air without any blockchain, create hype, offer lucrative rewards and later dump their shit on the investors face. This is a recycling method, one after another. So, I would call it as scam tricks of Yobit.

Exactly and I agree with you.

To be fair, scam accusations on an exchange should be when it breaks initial ToS, abuse KYC documents of their customers, prohibition on withdrawals without clear evidence and reasons.

In contrast, don't blame on exchanges because of coins' or tokens' price fall over time, to zero value and zero volume. As investors and traders, people have to aware of risks and benefits when they invest in any coin or token. Price pumps and dumps, projects are born and die off. It is life and it is what we call as a market. Price is determined by market, not by any exchange.

Blame on exchanges when they get losses and how about when they get profits? Will they say any kindly words to exchanges on which they earn profit?  :D

this is how the altcoin market also known as the pump and dump shitshow has worked for years starting from early days of that market.

this is what happens to all the altcoins not just these 2 centralized shitcoins owned by Yobit. they get pumped and you have to exit there before the next inevitable stage called dumping starts. when you fail to get out and continue bagholding something that obviously has no future you are begging to lose money.

even though pump and dump is both illegal and scammy people don't consider it that way! simply because they may make some profit from the pumps. and Yobit is a scam exchange for many reasons but not pump and dumping.

Shady ass tactic, but I'm not sure if I would call it a "scam". It's their asset hence they have all the rights to sell how much they want unless they completely stated that they won't be selling any.

It looks like there is a misunderstanding right here you are accusing them as a scammer because of the price of the Yoda drops and the same with their dice.?

I think this is not common because those are the centralized coins they can manipulate any time they want also there are a lot of contents right here on yobit so better to read one of these.


Also, this is a strategy of their platform so you don't have any choice because they handle the market price of this coin. Also base on my experience yobit has one of the worst customer services if you are trying to contact them you must need to get a ticket it depends on your payment if they are going to entertain them.

I ain't surprised man, yobit scummiest thing in cryptosphere, they are probably still surviving with this scummy tactics. Multiple accusations have been brought up against them, people should learn to stay away.

Not going to defend YoBit here, but let's be honest here. It's pretty much the same with like probably 95% of all cryptocurrency projects in general. A perfect example being XRP; they pretty much dump on their "investors" pretty much monthly.

So how many big exchanges accept to list XRP on their exchanges? How many of them have scam accusations because of XRP falling price in the last 4 years? How many people still strongly love XRP and believe in its technology, revolution, etc.? How many of people disbelieve in XRP's centralization?

Those questions are simply raised to say scam accusations on Yobit because of price falls are not correct. Accept risks and losses before invest, accept rules and reputation of exchanges before use them.

You shouldn't invest in unknown coins that don't have any impact on real-life applications, knowing that the name itself seems odd enough. If you have the power and the capacity to have coins to some degree, you have the capability to sell it as well. So the owners of that coin would have dumped it because they can, it doesn't mean directly it's a scam. And if it is a scam, why would you invest in an unknown coin too?

This has been going on and on with different coins and different projects. It has been called ICO and some IEO. They can dump what they have on the market, and that's what they are going to do since they can. It's best to find coins that have value and a great developer that for sure won't dump on your face.

Oh, so bitconnect wasn't a scam, onecoin wasn't a scam because people should do their own research first, and "developers" are allowed to do anything they want.
Interestingly, as long as it's written on the menu probably I could serve salmonella filled eggs and also take no blame if my cooks have HIV and they have a habit of cutting themselves over the dishes, after all, I have written in down as a disclaimer.
And ponzi schemes shouldn't be labeled as scams either, you must do your own research, if you invest in them you are to blame and you should go to jail, not the owner.

I'm surprised and amazed how here on bitcointalk people come and defend yobit who is promoting tokens without blockchains, guaranteed 1-5% income daily and many other scenes for which hundreds of websites have been labeled as scams and hundreds of users have been tagged.
Hmm, I must somehow ended on cryptotalk, I see no other explanations for this.

Yobit is categorically a scam.

I do not hide my disdain of the vast majority of altcoins, and I completely agree with the posters above saying that most altcoins, such as XRP, are centralized scams. Yobit, however, takes the scamming to a whole new level.

Have a read of this post I made back in January regarding the "X10" coin which was shilled and spammed on this forum before rightly being banned: https://bitcointalk.org/index.php?topic=5217581.msg53650350#msg53650350

Next, go to Yobit and look up the trade history and order books for the two "coins" that OP has referred to - YODA and DICE. It is the exact same story as it was with X10. Both created out of nothing and sold to their users for BTC and ETH, both without a blockchain or smart contract and unable to be withdrawn, both artificially pumped through Yobit's "InvestBox", and both with hundreds of BTC in sell orders stacked up with no buyers.

With Yobit successfully haven stolen BTC from these users with their false promises, fake advertising, and lies, they now leave them holding bags of a token which does not even exist and will repeat the whole process by launching some new made up nonsense next month.

Hi there.
I have been on Yobit, for almost a year now. Yobit was the first exchange I joined in, and in all honesty, I've loss my early investments there (small investments). Though I expected losing because I am just experimenting. Those was the first months of me...trading. lol. After that, I paused trading on Yobit to reflect what happened and what can I do to avoid losses...and ofcourse how can I win back my investments.

Those coins that are listed there(except ofcourse to those cryptos like btc, eth, xrp, etc.), are literally just for short term trading. Do not hold them. As they will lose their value overtime. That's rest assured.
Digest the lesson @OP. Don't invest on coins that you are not very familiar with. Otherwise you'll find yourself struggling because of the reds on your investments.
Think of some strat to outwit other traders there. ;)

After all, I do not encourage anyone(specially newbies) to trade on yobit.
Proceed with your own risk as they have also been tagged as scam before.

I was a member of the Yobit Signature campaign in the past (not the last one) and then everything seemed quite OK - the payments were regular, the campaign quite undemanding. I admit that I was quite inexperienced then, but I guess even then a lot of bad things happened in the background, as is the case today.

From time to time I visit this page because surprisingly I still have some active referrals from 4-5 years ago, and recently I was surprised to see on the balance some DICE coin worth a total of 0.07BTC - there is only one small problem, there is no withdrawal nor does anyone buy it so I just picked up the referral earnings and paid an incredible 120 000 satoshi withdraw fee of which 70 000 ended up in YoBit pocket.

I personally would never make any deposit on that exchange - some might say that the whole thing is scam and probably this is true - but what I'm sure of is that it's a very dirty business and it's the crypto exchange with the most accusations for scam.

Where is the part I said it wasn't a scam? Please enlighten me. All I said there is that they can dump whenever they want because they can and they have coins. Developers of legit projects can do that too, but do they? That's just the difference

Scams = They dump
Legit ones = They HODL since they believe in their project

P.S. I don't defend anything, I'm just telling the truth of what developers could do. What matters is what they do with their power.

DICE still can be traded against Dogecoin.

Dice had been airdropped about 14M for each user in yobit I have some of it but I haven't dumped it since I play with it on its dice just for fun. Its not really valuable in the first place when its paired to BTC, its price is just 1 satoshi. Same with Yoda as far as I know and all of them can still be dumped. Don't hold it.

I actually got 14,000,000 DICE. Sold it and got 1200+ DOGE as what I remember. I don't know why I had that much.

You can exchange those satoshis on other withdrawable coins... like XRP. It has much lower transaction fee on yobit, for about 0.5 XRP only.
That's was my way of making withdrawals from Yobit. 1.2mBTC is a huge fee, I'll never withdraw funds with that kind of fee.

I'm a little confused about what you said. Since yobit was your first exchange and you are just almost one year there then why is your bitcointalk account three years old? Don't get me wrong but I'm trying to find the logic in this.

Anyway, about Yobit and the shitcoins, it is not what an exchange that at least trying to look legit would do. All these yobit coins and ICO's are not actual tokens, probably just random numbers on their centralized exchange which they can manipulate at will. Also, I believe that we should not blame the victims as probably they have no idea what is going on. They found this exchange bought some altcoins no one knows about and thought they would pump with the rest of the market. Exactly as investors do all this time. No due diligence or even a simple google search to find what is going on. Still, the dishonest part under these circumstances is not the victims but Yobit.

It was only created a month ago. Even for Yobit, it usually takes a few months for the trade volume to disappear completely. Still, the fact that there is 1,247 BTC worth of DICE sell orders at a single satoshi with zero volume for weeks should tell you all you need to know about this scam.

No worries for Yobit though. They don't care about all their users losing money. All they have to do is come up with a new name and repeat literally the exact same process again next month. Maybe CLONE or PONZI would be a good name for their next scam "coin".

I've never used a single centralized exchange, and I don't plan on ever using one. Using a centralized exchange is not a requirement for being interested in or using bitcoin.

Any coin made my yobit only for their yobit exchange must be a scam. All of the newly launched coins in yobit were getting scam/price goes to near zero after few days or months. Even you should not trust them while you make a deposit in yobit. Because most of the time Some coins withdrawal keeps maintenance. So better to check all info before making any deposit. Otherwise after making deposit you can not withdraw them or you have to sell the coin with loss to withdraw the fund with other coins/token.

@Op, you were waiting for them to prove you that they're scam or what? They've had been scamming people since ages (sarcasm) and they have too many accusations that you can't even count. What made you think that their YODA is worth anything? They started it at around 700 sats (yes, even I got some YODA) and came up with a scheme that you'll need to invest it in their shit investment schemes and play on their dice in order to meet the requirements for getting your Yoda daily % or just forget your coins. That was the worst shit, and stop saying that they're alone responsible for this. What do you think? People who got it for free weren't dumping this shit at all? I'm not defending them but this was a free token and was meant to be dumped.

With what I know Yobit has an airdrop or promotion giving away free YODA, It is understood that more people have that coin, so if people got it for free they are willing to sell it no matter what is the price. That could be the reason of dump or just market movement that's how it works in crypto. On the other hand I believe yobit is a shady exchange, if you visit scam accusation board there is a lot of topic about them.

This is a good explanation, probably I didn't give it too much thought. In fact many wouldn't want to use a CEX at any point. Also someone might just have interest in Bitcoin and doing some research to understand what is going on before investing. I did something similar for months, although I was looking into a few wrong sources.

Do I need to trade on exchanges upon my registration on Bitcointalk? Does it matter?

Since the day that I joined here, I just participated on bounties and campaigns. I never invested on anything, specifically I did not invest on trading. That is because I am afraid that I'll just lose my money.  And there's a lot more that I need to know before using my money on any investments. I only started trading in the year 2019 because that was the time I got the some courage to do so.

Best advice for Yobit exchange would be to AVOID and never use it.
All their fake coins without blockchain are pure pump&dump for them to profit and earn more bitcoins.

I know most altcoins have very low withdraw fees, but honestly I’m not a fan of them and I’m willing to pay a much higher price just so I don’t have to play with them. As I said in a previous post, the only reason I visit that exchange sometimes is because I have some active referrals that generate passive profit for me - not much, but it would be stupid to leave it there.

I will definitely try to sell that DICE for anything, and if I can get some DOGE, I wouldn’t mind that ;)

There is a difference between "upon" and "two years later".  Anyway I have already answered on my post above.

Dice and Yoda do not have blockchain and were created as discarded coins, only airdrop and all Yobit account members have 7 million DICE each. Sell ​​and have fun to get free DOGE.

Yobit is one of the shadiest exchanges out there and there are many open scam accusations against them.
Even if you exchange their shitcoin for doge you will get aro~2$ worth of doge.

It looks like they are promoting their new scam shitcoin now (DLRS). Just to understand how shady they are and how far they would go to deceive their customers: when you visit their website you will see
dollars!! How deceiving is that!

You don't roam much in this forum or you are not frequenting the scam section so you can check if Yobit is a clean exchange or not, there are so many scam accusations on Yobit, so if anyone comes here even without a proof people will just agree, I don't agree that you just posted without proof but it's Yobit and they are notorious on this, so people will just advice to stay away from this forum to protect their investment.

This is not new we all know that yobit is one of the poorest exchanges right now and this is the reason why only a few people are using this exchange but still there are some playing in this platform which is the use of their dice.

I'm previously part of their platform because I want to try different exchanges most of the time I'm using their altcoins which is ripple for making transactions. One day I experience a little traffic and error and it takes 2 days before they make an action because you need to pay them before you will use their service.

Also right now they dump the dice and I've got now almost 7000 dice if you are trying to look this it's already dumped. I'm not saying this is a scam but still, the market is volatile so no one knows what if the dice again goes up.

It is normal to Yobit to support pumps and dumps. Actually they are announcing it if they will pump some coin( at Yobit & their twitter).
We know that supporting pump and dump scheme is not good. That is one of the main reason why Yobit is called as a scam. Shady scam because they are running these kind of schemes. But you will not lose your money if you did not invest on those shitcoins  that they are commonly launching.

Are you really that stupid? Remove this post, you are callling an airdrop a scam!
They gave you free money and because you dont understand how a crypto market works it is a scam?
Yobit doesnt owe any trader to support their airdrops wich they actually did. Opening price doesnt mean anything, demand and supply.
Many enjoyed the free money and made more, you are really a sad person. Where are your posts that bitcoin gold and bitcoin diamond are a scam or any airdropped coin that lost value?
There is even an investbox giving % daily!
And all those people agreeing with the topic, are we 8 years old?
It is disgusting, a gift isnt good enough. You want them to mail you a 100$ with some cold beers every week?

That's not a scam, is that YODA not a airdrop? If the price of a token dumped it's never the exchange fault, this is wrong accusation unless you have a genuine proof to back this up? I don't like using Yobit and Hitbtc because of past reasons but this accusation of yours doesn't make sense

I have reported this post and i ask others to do the same. Calling free money a scam and giving false info on how much it got dumped isnt just insane but ungratefull. Please remove this post, quality of bitcointalk is going down because some 20 year old is angry because he lost money. Yoda was 50$ for free, dice was 5$ for free in dogecoin. What other exchange gives that for free? What idiot complains about the price of an airdrop?

in the case of yobit, as far as I could see, people had to meet certain requirements to be able to have this yoda, so it was not free, it was payment for the service that people provided and yobit paid them. of course the price would fall because there would be no demand since this altcoin had no purpose and yobit is very fond of creating altcoins without any purpose


most people complain because they had to do some task in order to earn these coins, so they expect the price to be something big

Well they just put the wallets on "maintenance" and i can't get any of my Dice coins...

Its quite frustrating... and the support doesnt give a damn... :(

Yobit has the worst customer care ever, they keep dump ear to their customers alot of times, it would take longer time for them to resolve your issue. Honit had been known for their scamming activities, fraudulent teams, slow platform with lost of complain, I wouldn't recommend any body to consider using yobit exchange for any thing, unless you deserve to be in a mess.

the problem is in the bad management or greed that the owners of yobit have. it was unnecessary to create DICE, YODA, YO, TALK TOKEN, and many other token that they created. for example in the case of Talk Token they took months to open the deal, people kept asking what was the meaning of creating talk token and they replied that the yobit administrator had big plans with Talk Token but never revealed such big plans that so much he spoke and at the end of the talk token he had a dump to 4 satoshis. dice Is the same thing.

I heard that cryptotalk returned to making payments in bitcoin, yobit is not serious, makes false promises and lacks commitment. reveals that he has no long-term planning. any chance they can have to make money they don't let it pass even if it means lying and deceiving people

"Get"? Isn't dice one of those yobit coins without a blockchain?
I assume you mean you can't access them in order to sell them so that nothing new, they usually do this kind of "maintenance" with their won coins either when they prepare to pump a bit the coins to attract newbies or when they are adding more coins to cover the investbox.

If you're ignoring the value drop the good part is that you will get your coins, yobit don't care about stealing them as they can print them for free.


Those coins are necessary, necessary for yobit to survive and to attract users with fake promises.
They have nothing else to advertise, they need to grab attention somehow and they've chosen the roue of a legal ponzi the investment box where you can get those 1% daily indefinitely as they can continuously print more and more to cover all demand. And you're going to be amazed how many people fall for that, I've been browsing crypto talk for a few days months ago and a lot of users were enthusiastic about how they can double their coins in 70 days with the investment box and how that's such a bulletproof way of getting rich.

This.

"DICE" doesn't exist. It isn't a coin or a token. It has no blockchain, no nodes, no miners, no wallets, no addresses. You cannot deposit or withdraw it because it literally doesn't exist. It's just a number on Yobit's internal database. If you look through all the different markets, there are around 2 trillion "DICE" stacked up in sell orders with zero buyers. Yobit create a fake token, people buy it from them for bitcoin, Yobit profit, and users are left bag-holding a non-existent scam.

Rinse and repeat. Yobit have been doing this for years. I cannot fathom how people are still falling for it.

---

Here is a post I made over a year ago about another non-token called "X10" in which Yobit did the exact same thing: https://bitcointalk.org/index.php?topic=5217581.msg53650350#msg53650350
And here is another post showing the order books for 4 other non-tokens, filled with sell orders with zero buyers: https://bitcointalk.org/index.php?topic=5217581.msg53670926#msg53670926
Here is a post I made a few months ago about yet another non-token they had just launched called "MINEX": https://bitcointalk.org/index.php?topic=5272982.msg55121849#msg55121849.
If you go look at the "MINEX" markets on Yobit, you'll see I was proven right.

---

Yobit is a scam.

Does someone remember his Yoda token? And his huge airdrop 700 yoDollars? they very vilely called the token a dollar.
here it was a great battle because of their signature campaign and Yobit promotion of the Yoda token and Investbox. For a long time completely worthless just stinks on their platform.
Every month they create a new IEO token only to take money from naive people. they repeat the same thing.
I'm surprised where new people come from and why they still trust them holding money there.
I think it's a matter of days before they close the business and go away with all money.

they are online since 2014 despite TONS of scam accusations (and shady behaviour) like listed even fake coins (coins with same ticker of most famous coin)... and they are always able to find new user for their platform.
Wallet in maintenance after big pumps, high transactions fees for ERC20... they are earning enough money with this model, it's very improbable they decide to close this business.

In the meantime, many things are changed from 2014 until now. For example, EU and KYC regulation, as I know Yobit is not in accordance with any laws. if they feel they are close to some punishment in a conspiracy to break the law, will leave the whole business immediately. Remember the case of BTC-e exchange.
Also, they had many unsatisfied and scammed formerly users, you never know what they are ready for.

Because you never use yobit and dont understand what is going on, why would you even post about it. If you dont know what you are doing or you are just too lazy or dumb just skip the exchange. Noobs like you destroy the reputation so it is impossible to see if there are shady things going on. There is zero proof of any scams going on and where you complain i made money on those coins in zero risk spots. Just like the guy starting this topic, he cant write in a normal way and posts wrong info. And idiots react, it is like 'Dumb and dumber' here.

I followed this story... what yobit did wrong in my opinion was that they performed an airdrop without having laid out the rules beforehand and worse they did not even say the date that these coins would be listed on yobit, many people participated in the yodollar airdrop, but after people registered and received 1700 yodollar the yobit was silent for many months, he didn't say what the next steps would be, then they appeared to say that people should follow certain steps and when people started to follow the steps there were a lot of people who didn’t have Tik Tok accounts, they only had twitter accounts.

then a few weeks passed and the yodolar was listed on yobit, but many people did not receive yodollar and that meant that yobit had gained free publicity thanks to a hundred people

with cryptotalk it was the same, they had no serious plan for how the talktoken would be sustainable in the long run, people when asked yobit just said that they have big plans for talk token


I already imagined what the yobit was playing:

Yobit created cryptotalk so that after months many sites would pay advertising on cryptotalk and run signature campaigns on cryptotalk because that way it would be a business where everyone would win. but the problem is the shady methods that yobit uses

create altcoin just for pump and dump definitely Is something to say:  it's bad

then they not only limited themselves to staying in the dark scheme of creating meaningless altcoins for pump and dump, but also creating investbox, and have you seen the rules of investbox? is something insane, that definitely is something insane

they last year made people participate in an airdrop and after people received it, yobit put the coin in the investbox and worse than it in the investbox people should make 10 games on the dice with a 1000 satoshi bet, that is, people should spend 10,000 satoshi to withdraw 2000 satoshi from investbox that were what the airdrop coin was worth, they have done very shady things

I use this exchange, my opinion here is based solely on personal experience with this exchange. Yes, I skip this exchange, I don't want to give them chance to scam me for one single satoshi's. Because of many true scam accusations against them, I will be very happy to warn others about this risk. This includes warning about fake protectors like you, you will defend them just to earn some money for that.

When you saying about zero proof, I think here on the forum is enough evidence already posted. But you can for example to give us proof or any real explanation about what is the purpose of any coin/token created by Yobit? does at least one of them really exist, have blockchain, contract address, anything and why not?