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[VariousUser]

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[OmegaStarScream]

The exchange is based on Russia. I wouldn't use them If I were you, they are fishy and unprofessional and have an endless number of scam accusations.

[The Sceptical Chymist]

Does anyone know anything about Yobit location or it's jurisdiction or its principles?

OSS answered your question about Yobit's location, and I wanted to echo his sentiments about their principles--they are most definitely shady due to their lack of transparency, e.g., who's running what in their exchange and probably some other things I can't bring to mind right now. 

Their customer service is notorious for being near non-existent, which is why you never got a reply from them.  They just don't communicate with their customers the way any financial institution should, and that's really what they are.  Imagine if your online stock brokerage just ignored all your e-mails regarding problems.  They'd probably have some government agency up their ass within a week.

Having said all that, I've used Yobit quite a few times and have never had an issue with trades or withdrawals, so they can actually function just enough such that they're not in the same league as Mt. Gox or Cryptsy.  I think they're just poorly managed (assuming it's not just a one-man operation), understaffed, and/or not maintained the way they should be.  I'd only use them for coins you can't easily get anywhere else and would never keep any coins on their site overnight.

[AB de Royse777]

~snip~

Their customer service is notorious for being near non-existent, which is why you never got a reply from them.  They just don't communicate with their customers the way any financial institution should, and that's really what they are.  Imagine if your online stock brokerage just ignored all your e-mails regarding problems.  They'd probably have some government agency up their ass within a week.

I heard the same thing from users all around but with me the other way round happened. Few months ago I had some issue (prefer to keep private) and I was asking information from their support. I got response within very reasonable time if I am not wrong then within an hour or two I think. My issue was resolved too. So to me, they did some good job.

This is what I noticed too - there are so many fake customer support in twitter and other social media who claims that they are official support group of Yobit. But actually they are not. If anyone needs support then they (Yobit) strictly mentioned that you need to contact though your user account in Yobit.

[Slow death]

More info on the owner location/jurisdiction would be helpful.

the owner of yobit must be someone who has a very safe bunker or he has some superpowers that allow him to be invisible, however sooner or later the police will find the yobit scammers

Cryptocurrency Exchange Yobit Investigated in Russia on Fraud Claims

Crypto Exchange YoBit Starts Pump Scheme on Random Coins

Problems with withdrawals, support reported at Bitcoin/ altcoin exchange Yobit

[1Referee]

They are hosted on American soil at an American company (CloudFlare) so there IS a leverage on them.

That's just their DDoS protection service. In no way does them using CloudFlare mean that it provides you a path to the opertors.

What matters here is that the operators could choose to leave at any moment of the day with people's funds they have sitting in their cold wallets. For the sake of people not losing their funds for ever (regardless of how stupid they are for using that exchange), hope that authorities won't locate where their actual servers are and seize the hot wallets in the process.

I'm sure that they have an escape plan ready just in case. It would make sense as well with how they operate.

[milewilda]

They are hosted on American soil at an American company (CloudFlare) so there IS a leverage on them.

The thing been said by referree above so there's no point on striving to seek out the actual owners/operators of this scammy exchange.Just to ask
why you have asked about Yobit? You tending to use it up?If yes, then you had done the right thing to ask first and saving yourself out of the pit.

[elda34b]

It's also possible that they use privacy-oriented registration services such as Njalla, so knowing their exact true location would require more efforts than ever.

I believe they're at the same level as Cryptopia. If it works for you, you should feel relieved, if it doesn't, you have a lot of friends.

[dothebeats]

Not gonna use Yobit, no way! Pure scam - just search the forum and net in general. Yobit may be related to a known scammer Pavel Krymov, may be not, but definitely Yobit operators are of Russian lineage.

Pavel Krymov had been arrested a year or so ago I believe, and in no way would he be able to create or manage another exchange if he's currently on the watchful eye of the authorities. Probably these are just another set of Russian cybercriminals, as most leads point toward the said country. The exchange reminds me of the now-defunct Cryptsy and Mintpal on operations: smooth sailing in the first few years until symptoms start to occur. First would be delays in customer service replies and next would be balances/deposits missing on accounts and the rest is history until such time that the said platform would just cease to exist. People shouldn't be using such services in any way, even if the service cleared its name from said allegations.

[mindrust]

Of course they won't reply to you. What were you thinking? Did you think they were going to reply with a message like "Hi, thanks for contacting us. Here is our address: bla bla bla. You can always visit us for a cup of coffee."?

These are shady exchanges and shady exchanges don't want to share their whereabouts or identity of their owners because as you guessed already, they do shady stuff.

[buwaytress]

Not the first time we've seen Yobit being called into question, and won't be the last. My take on Yobit's always been the same: I don't think they're an outright scam exchange. I do believe they genuinely want to run an exchange, but because of their unprofessional approach to things, especially their lack of support, or their lack of technical knowledge when dealing with the many coins they want to support but can't handle when nodes go offline, etc....

I won't be surprised there is mismanagement of funds or a poor knowledge of their business model or profit/loss... like many exchanges. It's a matter of time before their house of cards fall down, if they keep going down this path. Stay away, trade where there are fewer red flags.

[mindrust]

Not gonna use Yobit, no way! Pure scam - just search the forum and net in general. Yobit may be related to a known scammer Pavel Krymov, may be not, but definitely Yobit operators are of Russian lineage.

MX records point to Amazon IPs - they are using Amazon mail servers - probably hosted at Amazon too.

To remind: if anyone has any info on Yobit whereabouts - PM me.

Yeap. I saw the scam on InvestBox there, on the SCAM exchange - YOBIT.
Just changed the rules at any time, and many investors cann't close their Investments and sell this.
Then, after some time, they make unlocking of Investments for investors,
but for all time of lock this Investments - prices for assets go down after crazy dumps,
and money of investors there is remain on the balance of the exchange.

The moment I saw that investment box thing I understood that yobit is probably running on fractional reserve, don't have the funds to cover people's balances and trying to buy time.

Normally a dead exchange closes withdrawals but the clever guys in yobit know that it would trigger a bank run and massive panic so they started this investment box. People are funding yobit by their own wills. All of these happening because of greed.

Maybe that was the reason for pushing such an aggressive signature camp few months ago.

[buwaytress]

Oh yeah, their invest box. That's what I call a well done HYIP/ponzi/pyramid scheme. Why? Because Yobit doesn't actually say anything to deny that investbox is just a way to fund their games. If you take a few minutes to see all their options, it's the same throughout really. Investbox, Yobit ICO, and listing... it all costs money, everything is sort of locked in stages, and you're basically putting up funds to play, hoping to cash out before others do.

It's brilliant because no one else has managed to do it so successfully for so long, and surprisingly no one's copied this model (has anyone?).

[Raja_MBZ]

The only thing you've got to see of YoBit before risking your funds on the YoBit exchange platform is the header of their official Twitter handle.

https://twitter.com/YobitExchange

If that doesn't tell you about their non-seriousness with your money, I'm not sure what will.

[gentlemand]

Have Yobit actually done something to you or do you simply not like the idea of them?

It's always been a fuckhole. People who use it go there at their own risk. If the ins and outs of how they work and who's behind them were common knowledge they'd probably be toast already.

[goinmerry]

I think there is a certain body that specialized in tracking down a site's location via IP. Even using a private network won't help them hide their location once that certain body or group of people put seriousness in tracking their location. Not a direct pinpoint location but should be nearby to their servers. Unless they hired someone with good cyber skills from another location (especially another country) to operate the servers there instead.

I like OP's effort to track down Yobit although it's really really really difficult. Goodluck for that.

[mindrust]

If yobit doesn't want to be found, you won't be able to, unless you have connections to some serious people who work for the US government.

btc-e was anonymous till the last moment. Nobody knew who their owner was or where their servers were. Once you anger the US, you can't hide anymore. This is your only chance.

[BitHodler]

btc-e was anonymous till the last moment. Nobody knew who their owner was or where their servers were. Once you anger the US, you can't hide anymore. This is your only chance.

Pretty much that. BTC-E was a large exchange and pretty dominant overall, while Yobit has never really been anything other than a cesspool of noobs hoping to get rich trading the most trashy altcoins this industry has ever seen.

On the other hand, with more and more exchanges abiding by the regulations they are subjected to, Yobit will experience more growth as people will seek to find an alternative exchange where they can still use it without KYC.

Maybe that this will make Yobit grow large enough so that authorities will care and take them down. The bigger the fish the more there is to gain.

[Zicadis]

If yobit doesn't want to be found, you won't be able to, unless you have connections to some serious people who work for the US government.

btc-e was anonymous till the last moment. Nobody knew who their owner was or where their servers were. Once you anger the US, you can't hide anymore. This is your only chance.

If I am not mistaken. It is the same situation with Livecoin as well. I think someone prominent here tried to track them down once they held the money as hostage but failed to track the company down.
Perhaps Yobit is a one man shit show like Quadriga and maybe Livecoin is also the same.

[tsaroz]

And to add up, they are popular for running a number of inhouse ponzi and still have listed some dead coins.
They have a limit for normal users while they make up fake transactions of any size to make the market of a certain coin pump or dump.
Personally I have no issues with Yobit except their withdrawal fees for some coins are very high.