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Author Topic: YOBIT holding coins to profit from POS interest -  (Read 1553 times)
nwo99 (OP)
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June 24, 2018, 10:06:51 AM
 #21

yobit does this all the time. i don't think that it would come as a surprise to anyone, if they are benefiting from POS interest and not declaring that to the customer/not compensating customers for holding their funds when pos interest was earned.

You are right. I will tell you if they solve my problem

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nwo99 (OP)
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June 25, 2018, 04:33:19 AM
 #22

NOTHING till now
SINCE 11/6
Guys we need to unite and arrange something. We can't let them go on like that


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The Sceptical Chymist
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June 25, 2018, 04:39:06 AM
 #23

It's not really expected of any exchange to give you PoS profits per se,
That's what I was thinking, and I posted a question about this in another thread that was related to this.

I'm definitely not an expert on crypto, but my understanding is that you have to keep a POS coin in a staking wallet in order to earn the interest.  Isn't that the case?  If that's true, then is it not possible that exchanges like yobit are NOT keeping POS coins for customers in a staking wallet?  I didn't think that if you kept coins like PIVX on an exchange, for example, that you'd be entitled to any interest on it, because it's not necessarily generating any.  I know if I hold PIVX in my Coinomi wallet, I won't be earning anything because it's not a staking wallet.

I'd like to hear responses to the above, and perhaps see how this is related to OP's problem.

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nwo99 (OP)
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June 25, 2018, 07:35:23 AM
 #24

It's not really expected of any exchange to give you PoS profits per se,
That's what I was thinking, and I posted a question about this in another thread that was related to this.

I'm definitely not an expert on crypto, but my understanding is that you have to keep a POS coin in a staking wallet in order to earn the interest.  Isn't that the case?  If that's true, then is it not possible that exchanges like yobit are NOT keeping POS coins for customers in a staking wallet?  I didn't think that if you kept coins like PIVX on an exchange, for example, that you'd be entitled to any interest on it, because it's not necessarily generating any.  I know if I hold PIVX in my Coinomi wallet, I won't be earning anything because it's not a staking wallet.

I'd like to hear responses to the above, and perhaps see how this is related to OP's problem.

I can see my wallet address on the blockchain and POS is being credited to it.
124 coins so far of POS and nothing of them shows in my wallet
It's even possible those scammers even gave me someone's wallet address to deposit at!!

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June 26, 2018, 03:27:42 PM
 #25

After opening this thread I am watching in horror how many similar cases....
Some stories are real horror
They are holding 10 Bitcoins from someone since January (when 1 BTC= 16k USD) and not giving it to him even till now (June 2018, 1 BTC = 6k USD)

i.e that person LOST 160k USD because he trusted yobit and even if they fix it now (which i doubt would happen) he would still lose 100k USD   Roll Eyes

https://bitcointalk.org/index.php?topic=2718718.0


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June 27, 2018, 08:56:17 PM
 #26

After opening this thread I am watching in horror how many similar cases....
Some stories are real horror
They are holding 10 Bitcoins from someone since January (when 1 BTC= 16k USD) and not giving it to him even till now (June 2018, 1 BTC = 6k USD)

i.e that person LOST 160k USD because he trusted yobit and even if they fix it now (which i doubt would happen) he would still lose 100k USD   Roll Eyes

https://bitcointalk.org/index.php?topic=2718718.0



Unfortunately, this is how bad yobit's reputation is on the forum.

If you search up 'yobit scam' on the forum, you'll be rewarded with probably a few thousand threads that all complain about one thing or another that has gone wrong with yobit. That's why we tell people not to use them.

Surprisingly, this person actually got his problems resolved somehow: https://bitcointalk.org/index.php?topic=4448488.0, and I think you've already seen that thread. It's a waiting game. I'd consider your funds lost for now, at least. Don't expect too much from them, and just avoid these shady exchanges in the future.
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June 29, 2018, 03:44:31 AM
 #27

Just noticed that Wallet of the coin has gone to "maintenance" and consequently I am thinking maybe Yobit isn't intentionally holding the coins.
But still I haven't heard from support which is not a very good thing.
Will let you know if it's a proper scam or simply customer support itsn't in the best shape.

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June 29, 2018, 08:16:59 AM
 #28

Posted on telegram asking (very politely) why they've put the coin's wallet on maintenance, was banned in 1 second!

I will not stop until I get my coins back. In case it's all a misunderstanding, I don't mind to clear yobit's name

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June 29, 2018, 08:26:19 AM
 #29

Posted on telegram asking (very politely) why they've put the coin's wallet on maintenance, was banned in 1 second!

I will not stop until I get my coins back. In case it's all a misunderstanding, I don't mind to clear yobit's name
What does "wallet maintenance" mean, exactly?  I never quite understood that.  Seems like a nebulous claim any exchange can make in order to delay withdrawals.  It may not be that, but if anyone can explain it to me I'd be grateful.

That's not good if they banned you for asking a question about your problem.  Do you have a screenshot or something to prove that happened?  That's a good piece of evidence that they're scamming you, and it ought to be documented here.

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nwo99 (OP)
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June 30, 2018, 01:04:39 AM
 #30

Posted on telegram asking (very politely) why they've put the coin's wallet on maintenance, was banned in 1 second!

I will not stop until I get my coins back. In case it's all a misunderstanding, I don't mind to clear yobit's name
What does "wallet maintenance" mean, exactly?  I never quite understood that.  Seems like a nebulous claim any exchange can make in order to delay withdrawals.  It may not be that, but if anyone can explain it to me I'd be grateful.

That's not good if they banned you for asking a question about your problem.  Do you have a screenshot or something to prove that happened?  That's a good piece of evidence that they're scamming you, and it ought to be documented here.


Yes I have screenshots  Angry
So here is my stuck transaction from 11/6:



I have been opening support tickets since 12/6 on a daily basis and haven't got a single reply.
Yesterday I noticed that Yobit put the wallet on maintenance:



However today the wallet is back on but still my transaction is stuck and haven't heard back from support:



I tried to complain yesterday but was banned in 1 second. And someone told me "no solving unless you give yobit btc"



Today I tried to complain again but nobody replied (and nobody banned me) probably the mods were asleep!



All my previous transactions went smoothly but they were for very small amounts. However this time transaction stuck because it's thousands of the coin and yobit makes a lot of coins POS from it



So far my stuck deposit has generated 521 coins and NONE of these are given to me as my wallet is empty:



I hope something is technically wrong and there are no malicious intentions behind this technical problem
However of this is not the case then this is an obvious THEFT case by YOBIT.
If they clear the matter, I will mention this here.



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July 05, 2018, 12:36:04 AM
 #31

so far 557 coins generated in POS by my stuck deposit and NOT credited to my wallet.


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July 08, 2018, 02:39:48 AM
 #32

Update:
5 days ago Dominikherzog sent me PM telling me not to open new support tickets.

I complied and didnt open new tickets but STILL they haven't got back to me or fixed my transaction

I am still active on their chat however and won't stop till they release my coins

let's see how this ends.  Angry

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July 10, 2018, 09:08:24 AM
Last edit: July 10, 2018, 09:26:25 AM by nwo99
 #33

I didn't want to rush with accusations but now it IS confirmed: I  have checked the blockchain and some coins WERE INDEED TAKEN OUT OF MY ADDRESS on 3 July and SENT to another address. Yobit IS STEALING MY COINS.




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July 11, 2018, 12:42:36 AM
 #34

Confronted dominikherzog on yobit chat and he didn't reply.



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July 11, 2018, 01:27:14 AM
 #35

It is a mistake to use yobit. worst stock market. too much injustice
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July 11, 2018, 04:53:27 AM
 #36

I am offering a bounty for a dev to get my coins back

https://bitcointalk.org/index.php?topic=4640036.0

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July 19, 2018, 01:49:16 AM
 #37

Alex Wallet is online again and still not getting my coins back..
I confronted them today on chatbox but no admin replied


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July 20, 2018, 11:12:02 PM
 #38

confronted again,
Got banned for 1 week

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July 24, 2018, 05:53:12 AM
 #39

And now then even stuck my BTC just to tease me!!!
This is not an exchange. These are fucking scammer thieves




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August 05, 2018, 01:06:57 AM
 #40


IMPORTANT UPDATE:
I have decided to reveal my wallet address as extra proof so you can check yourself
My Alex wallet address on yobit (the one where coins are stuck) is aDeTcJLEPLFPAmP9oJ1cvZRaQ1SVCAEkZz

You can check on the blockexplorer (https://prohashing.com/explorer/Alexandrite/) to see POS coins generated. None of these goes to my wallet.
This is why my transaction is stuck: yobit wants to keep the coins for themselves to generate more coins to sell on the exchange.


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