Bitcoin Forum

A couple months ago I notice YoBit manipulating its crypto currency prices.  When I alerted them they blocked me from my funds and still will not respond or unblock me so they basically stole my money.  BEWARE OF YOBIT EVERYONE   >:(

Yobit has dozens of similar crypto money exchanges and insecure standing. It is interesting that there is too much volume in Yobit and some exchange.

this place needs really looking into

they freeze wallets and do not update wallets resulting in huge losses for individuals

they will obviously get closed down soon for this kind of thing

I cant believe they have been allowed to get away with it this long.

many of the coins with wallets offline are working perfectly well.

Yobit is always suspect exchange, they do such things so many times before. I wont be surprise if they will take them or run away with people's money.

Yobit is a snake in the grass, very hard to combat without physical office locations and unknown operators. I'm pretty sure that if regulators start to dig in for real, they will be able to knock them off the internet, but what happens after that is they will relaunch just like what BTC-E (now WEX) did and the same problem pops up once again, just under a different name.

The only effective way to get rid of Yobit is to have people stop using that exchange for once. If there is no demand for Yobit, they have no other option than to shut down eventually. No exchange will operate when it costs money instead of makes money. Yobit in the end is nothing more than a reflection of how fundamentally shit this whole crypto space really is. Yobit does nothing other than fill up the demand coming from lunatics.