I agree with you, OP. But so long as nobody comes on here and makes a nice well documented thread about how they were scammed by yobit nothing will change (in regards to their reputation here). It is sad but true.
I am writing here about my experience with Yobit Investbox. Also, I think we already have enough threads about Yobit scam and x10 Investobox fraud.
..
I can confirm that. Yobit Investbox is a scam!
I personally invested $100 before a year and a half in Yobit Investbox buying one of his shitcoin. Also with 10% interest. After the first 24h and first payments, I was never positive counting investment + profit. So, my $100 investment +10% reward worth $95 after the first 24h. After a few days, I decided to withdraw and sell daily interest only, and keep my basic investment active. Two weeks later, my initial investment worth $0,001, profit which I am withdrawing from Investbox worth around $15.
later I followed some of their tokens, the same schemes was always repeated.
For me, it is a SCAM!
On gambling, I have the chance to win something, small but still have a chance. But on Yobit IB, I can only lose.
here's a little explanation:
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2F52pxxK2%2Fyoyo.png&t=665&c=uOVMABl9XVMtrA)
This is a screenshot from my account there, and some interest payouts. I post this just to prove that I know what I'm talking about.
Here are a few sell orders and how much worths. 20mill = $2.8 and two days later 40mill of this shitcoin worth $2
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FJBJKJCV%2Fyoyo2.png&t=665&c=MBxkX2adkro9QQ)
But it's not at all, watch this:
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FM2MV66L%2Fyoyo3.png&t=665&c=00kns1-NzCcFPg)
After one week 2.56095811 lizun tokens, worth 0.00047526 BTC. It is much more than from the second picture where I sold 40mill for $2
When his tokens dump to the bottom, I mean when token going to lower price than 0.00000001 ETH (Trading is possible only in DOGE) they denominate this coin and exchange it in rate 1000mill for one new, which is btw use same name. then that token goes into another new Investobox circle.
Denomination for LIZUN in 20-24 hrs: 1 New LIZUN = 1000m Old LIZUN. New investbox will be only 2% / day. All LIZUN coins in InvestBoxes will be moved to balances (IB core overload).
Source:
https://twitter.com/yobitexchange/status/1011613251589853185?lang=enIt is not only one. Sounds familiar?
Denomination for LIZA in 24 hrs: 1 New Liza = 100m of Old Liza. Investbox will be only 10% / day. All other IB's for Liza will be cancelled.
Source:
https://twitter.com/yobitexchange/status/1001091754785898498?lang=enDenomination for LAMBO in 1-1.5 hrs: 1 New LAMBO = 100m Old LAMBO. New investbox will be only 4% / day. Hourly InvestBox will be cancelled because of IB core overload.
source:
https://twitter.com/yobitexchange/status/1001082332982448128?lang=enDenomination for LIMBO in 1-1.5 hrs: 1 New Limbo = 1 Quadrillion of Old Limbo (10^15). New investbox will be only 3% / day. Hourly InvestBox will be cancelled because of IB core overload.
source:
https://twitter.com/yobitexchange/status/1001082267400392705So why they need to have a lot of shell tokens, without anything behind them. No blockchain, no wallet, withdraw, deposit, no any bio, listed only on Yobit platform.
It is clear, only to take money from people.
Some of his: Lizun, Liza, Yo, Lambo, Limbo, X10, Pony, Yobix, Nax, Yob2x, Yone, Air, Yopony, Frog, Yobtc...
IDK there may be elements of organized crime here, maybe someone who knows the law better can explain.
There is definite logic in that approach. After they were given permission to return to the forum they probably would have got banned within days anyway but I think I read there was wide consensus for yahoo62278 to handle things just for the sake of cleaning up the forum from spammers but with hindsight maybe it was not a good idea for the community to ask him to contain the Yobit campaign.
Maybe somehow Yobit will still end up getting banned, let us see what happens in the coming days.
Perhaps this campaign will help to open box will all Yobit frauds and finish once and for all with them
I did not archive anything from this for future reference. Maybe his tweets, they can delete it.