YOBIT SCAMMERS: Here Is The Email Bait Used For Scamming Users

[o_e_l_e_o]

But in order to collect your daily reward for lending your coins, you had to bet at least once on the dice game

So, although I've noticed the "Action" column on Investbox, I've never really understood it so just ignored it, but this quote made me look in to it a bit more. See this post on the cryptotalk forums: https://cryptotalk.org/topic/37314-how-to-use-yobit-investbox/. This is even worse than what I have outlined above.

For some of the InvestBox products, in addition to buying a worthless trash token, you have to perform additional actions to actually earn your interest. Apparently "10 ds" on the InvestBox page means 10 rolls on their dice game. You have to do this every day. Even worse than that, some say you have to make 10 buy orders, again every day, and you are not allowed to make a single sell order. Some even combine all three of those - 10 buys a day, 10 rolls a day, no sells allowed. If you don't do this, then you don't earn anything.

To keep going with the X10 example, to earn your fake, non-existent tokens, you have to perform 10 non-provably fair dice rolls with bitcoin every single day. What a scam.

[1713481089]

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[1713481089]

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[JollyGood]

Screenshots would be appreciated.

This is pretty much it still looks like... I found it via Google images there are quite a few images on there you can check them out yourself. The image I found was from this article: https://steemit.com/cryptocurrency/@remedy/yobit-net-dice-game-my-experience-and-strategy . The guy shares his experience of losing 18 bets in a row but fails to understand that the game isn't provable fair. He gets this idea that any time his profit reaches 50% of his bankroll in a day there is a trigger of sorts which then results in him losing all of his bankroll. The interesting thing I found out was this...

I Began with YoBit Approximately 4 Months Prior to writing this and played the dice game when I was introduced to YoBit's "Invest Box" program, which pays it's users to loan your existing coins out for a set percentage much like poloniex's Lending program, in particular I was interested in Liza coin (a customer of mine recommended it because of the income he had earned from it), But in order to collect your daily reward for lending your coins, you had to bet at least once on the dice game, The minimum being .00000001, to however many coins you wanted to bet.

I dunno if this still applies on the "investbox" but the more I read about Yobit the shadier they get...

Thank you for the screenshots.

Shall I still take it the Dice link only appears to users balances are a minimum of 0.01 BTC?

[Thekool1s]

So, although I've noticed the "Action" column on Investbox, I've never really understood it so just ignored it, but this quote made me look in to it a bit more. See this post on the cryptotalk forums: https://cryptotalk.org/topic/37314-how-to-use-yobit-investbox/. This is even worse than what I have outlined above.

What I have concluded is they Prey on users via this lack of information. I never TBH actually understood what these actions meant, their FAQs have zero information on any of these subjects. So any new user might easily fall for their traps. Simply put they are scammers just like you said...

Shall I still take it the Dice link only appears to users balances are a minimum of 0.01 BTC?

Yes! The proof is in the pudding. Below are two of the images from my account...

[1] No Dice Page Option in Navbar as my balance is currently zero.



[2] Here is what the page looks like if you try to visit this URL: https://yobit.net/en/dice/

[stompix]

For some of the InvestBox products, in addition to buying a worthless trash token, you have to perform additional actions to actually earn your interest. Apparently "10 ds" on the InvestBox page means 10 rolls on their dice game. You have to do this every day. Even worse than that, some say you have to make 10 buy orders, again every day, and you are not allowed to make a single sell order. Some even combine all three of those - 10 buys a day, 10 rolls a day, no sells allowed. If you don't do this, then you don't earn anything.

So that's what ds means? Where the hell is the s coming from?
I've been wondering for a while what that means but never had the spare energy to go and open a yoshit account to find out.
So you need to lose some money also, buy some shit token, do some trades, and I have the feeling there is a minimum, right?

Oh and from the link you posted I went to another topic, and check the requirements if you want to earn 1% in BTC and not some shittoken

- 1% daily

- 0.01 BTC minimum / 1 BTC maximum
- Action's
# 25 YO tokens which is around 25,000$ or 3.48 BTC
# 200,000 Frog which is around 0.038 BTC
# 60,000 Panda which is around 0.0144 BTC
# 400 Sex which is around 0.097 BTC
# No sells on YO pairs
Total around: 3.62 BTC

So in order to gain at maximum 0.3 BTC a month, you have to buy shitcoins worth 3.62 BTC and hold on for dear life. 

[TMAN]

Fuck shitbit in the arse. They are only taking money out of newbies hands and it’s sick, it puts so many people off crypto when their 1st investment is a loss and it’s a total wanking ducking shame.

Someone ddos the hell out of the cunts

[JollyGood]

So, although I've noticed the "Action" column on Investbox, I've never really understood it so just ignored it, but this quote made me look in to it a bit more. See this post on the cryptotalk forums: https://cryptotalk.org/topic/37314-how-to-use-yobit-investbox/. This is even worse than what I have outlined above.

For some of the InvestBox products, in addition to buying a worthless trash token, you have to perform additional actions to actually earn your interest. Apparently "10 ds" on the InvestBox page means 10 rolls on their dice game. You have to do this every day. Even worse than that, some say you have to make 10 buy orders, again every day, and you are not allowed to make a single sell order. Some even combine all three of those - 10 buys a day, 10 rolls a day, no sells allowed. If you don't do this, then you don't earn anything.

To keep going with the X10 example, to earn your fake, non-existent tokens, you have to perform 10 non-provably fair dice rolls with bitcoin every single day. What a scam.

You would expect there to be a flurry of complaints about by now. How on earth is a user supposed to main that level of commitment on a real genuine project let alone a fake scam website such as Yobit? I think it looks like the idea behind that part of the Yobit scam would be to make it so difficult for users to even stay on top of their commitments to earn their fake coins that they would not qualify anyway.

I asked in another threads about how long their "investbox" had been going on and was told it was around 3 years but does anybody know how long the x10 scam has been going on?

[o_e_l_e_o]

does anybody know how long the x10 scam has been going on?

The X10 token was launched on December 19th, as evidenced by the screenshot in my first post in this thread. It went from literally zero volume the days before, to a ridiculous almost 70 BTC of volume created out of nowhere on the first day of trading. The scam signature first appeared here on December 23rd - https://bitcointalk.org/index.php?topic=5188047.msg53418192#msg53418192.


Out of curiosity, I took a look at some of the other "tokens" which you can "invest" in using InvestBox. Let's take a quick look:

LIZA:


PLUTO:


IXI:


YONE:


For all of these "assets", deposit or withdrawal is impossible, as they all say the wallets are under maintenance, just like the X10 wallet has said since it was launched. These are exactly the same as X10 - they don't actually exist, created out of nothing, sold to "investors" with lies about being 100% safe and ridiculous interest, and now have tens of millions of dollars worth of sell orders all stacked up from bag holders with zero volume and zero buyers.

It's only a matter of time before YoBit launch the exact same thing again with a new name.

[JollyGood]

does anybody know how long the x10 scam has been going on?

The X10 token was launched on December 19th, as evidenced by the screenshot in my first post in this thread. It went from literally zero volume the days before, to a ridiculous almost 70 BTC of volume created out of nowhere on the first day of trading. The scam signature first appeared here on December 23rd - https://bitcointalk.org/index.php?topic=5188047.msg53418192#msg53418192.


Out of curiosity, I took a look at some of the other "tokens" which you can "invest" in using InvestBox. Let's take a quick look:

LIZA:
~snip~

PLUTO:
~snip~

IXI:
~snip~

YONE:
~snip~

For all of these "assets", deposit or withdrawal is impossible, as they all say the wallets are under maintenance, just like the X10 wallet has said since it was launched. These are exactly the same as X10 - they don't actually exist, created out of nothing, sold to "investors" with lies about being 100% safe and ridiculous interest, and now have tens of millions of dollars worth of sell orders all stacked up from bag holders with zero volume and zero buyers.

It's only a matter of time before YoBit launch the exact same thing again with a new name.

So going by your excellent investigations and findings it is seems to me the Yobit scammers are basically recycling the same format on a regular basis to scam again and again and again...

It seems clear their "assets" are useless, worthless and are waiting on a sell wall with no buyers. Those that get in early and sell recoup some funds whereas those getting in on the act later are watching a sell wall increase every day with no sales... Ponzi is surely an appropriate word to capture the scam in one word.

In the meantime they can keep adding whatever % they promised to user accounts thus increasing the balance to claim they fulfilled their obligation of adding various % every day but that will not be enough to defend themselves in a Court of law. None of these coins/tokens have any blockchain and cannot be transferred out, have been sold with misrepresentation and fraud in mind from the beginning.

With all this is mind how long before the law enforcement agencies start looking in to Yobit scammers and the activities it participates in?

[stompix]

With all this is mind how long before the law enforcement agencies start looking in to Yobit scammers and the activities it participates in?

A decade, two? A century? They won't do it ever?
What law enforcement agencies?

The story and background of yobit are just as shady as btc-e and wex.
They operate from Russia but they block Russian citizens on yobit.net, and at the same time they are not licensed there, one of the founders might have been arrested but nobody knows for sure and there is no news what happened to him, ....
As far as rumors go yobit might be actually be run by some people with strong ties in the government itself.

Nope, this type of exchange will shut down only if they either exist scam themselves or if by a miracle users start to avoid it and their "Free' and "Guaranteed" income.

[hacker1001101001]

A decade, two? A century? They won't do it ever?
What law enforcement agencies?

The story and background of yobit are just as shady as btc-e and wex.
They operate from Russia but they block Russian citizens on yobit.net, and at the same time they are not licensed there, one of the founders might have been arrested but nobody knows for sure and there is no news what happened to him, ....
As far as rumors go yobit might be actually be run by some people with strong ties in the government itself.

Nope, this type of exchange will shut down only if they either exist scam themselves or if by a miracle users start to avoid it and their "Free' and "Guaranteed" income.

I agree, crushing it would need a person like Putin to take it seriously.

[JollyGood]

With all this is mind how long before the law enforcement agencies start looking in to Yobit scammers and the activities it participates in?

A decade, two? A century? They won't do it ever?
What law enforcement agencies?

The story and background of yobit are just as shady as btc-e and wex.
They operate from Russia but they block Russian citizens on yobit.net, and at the same time they are not licensed there, one of the founders might have been arrested but nobody knows for sure and there is no news what happened to him, ....
As far as rumors go yobit might be actually be run by some people with strong ties in the government itself.

Nope, this type of exchange will shut down only if they either exist scam themselves or if by a miracle users start to avoid it and their "Free' and "Guaranteed" income.

Maybe one day they will get complacent and make errors will result in them expediting their own downfall. When criminals are getting free easy money for long periods of time using the PCs and laptops on their desks, they can easily make mistakes.

Maybe you are right about who and what is behind Yobit, there are lots of rumours but hopefully 2020 will be the year either they reform and stop scamming (become fully legitimate with full company ownership details made available on their website) or they collapse so there will be no more victims.

[eddie13]

This thread is very damning..
How much scam is enough scam to do something about in in a widespread and consistent manner?

Heck we even have the most respected manager of this forum "managing" a campaign for them just due to fear of what the alternative would look like.

It would probably have been better off if @yahoo62278 didn't rescue Yobit from getting banned again.. Could have just let them spam for a few days until they were banned and it would have been over.. Probably still could..

It also shows a lot that Yobit doesn't mind spamming the forum as long as they can get away with it..

[JollyGood]

This thread is very damning..
How much scam is enough scam to do something about in in a widespread and consistent manner?

Heck we even have the most respected manager of this forum "managing" a campaign for them just due to fear of what the alternative would look like.

It would probably have been better off if @yahoo62278 didn't rescue Yobit from getting banned again.. Could have just let them spam for a few days until they were banned and it would have been over.. Probably still could..

It also shows a lot that Yobit doesn't mind spamming the forum as long as they can get away with it..

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.

[Lauda]

This thread is very damning..
How much scam is enough scam to do something about in in a widespread and consistent manner?

This is what bothers me with this. If this continues, i.e. we do not do anything in said manner, then this will set a precedence that some scamming is acceptable which is very dangerous, and frankly just unbelievable.

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.

We need to keep a clear separation of the problem:
1) Yobit spamming - administration issue.
2) Yobit scamming and people advertising a known scam - trust/DT issue.
The current state of affairs is a display of complete failure on our end regarding point 2.

[examplens]

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:



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



But it's not at all, watch this:



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=en


It 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=en

Denomination 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=en

Denomination 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/1001082267400392705


So 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.

[PrimeNumber7]

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.

The majority of the victims will either not realize what happened (they got scammed), or the amount involved will be too little for them to put in the effort to create a thread to complain (creating a thread won’t get their money back). I don’t think we will hear from any of YoBits victims.

Even if YoBit doesn’t have any victims (unlikely), they are still making attempts to scam their customers.

I will repeat my previous call for yahoo to stop managing the YoBit campaign. If someone else gets hired to manage the campaign, so be it and that new person would receive calls from me to step down. I get that YoBit pays well and this is why so many people are willing to advertise for YoBit, but I don’t think anyone should accept advertisements from YoBit (don’t wear their signature). If yahoo steps down, we might see a few days of mega spam, but I am okay with this because it means their signature will get banned at the end of the few days and probably several of the spammers who are willing to whore out their signatures to a scam exchange will too.

Yahoo should do the right thing and step down as campaign manager and everyone advertising for YiBit should do the right thing and stop wearing their signature.

[JollyGood]

This thread is very damning..
How much scam is enough scam to do something about in in a widespread and consistent manner?

This is what bothers me with this. If this continues, i.e. we do not do anything in said manner, then this will set a precedence that some scamming is acceptable which is very dangerous, and frankly just unbelievable.

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.

We need to keep a clear separation of the problem:
1) Yobit spamming - administration issue.
2) Yobit scamming and people advertising a known scam - trust/DT issue.
The current state of affairs is a display of complete failure on our end regarding point 2.

After reading you post I will say there is still a lot of merit in the approach I applied to the process of scams being promoted:

In simple terms, if a user promotes a scam but does not believe or accept it is a scam, then it is up to the community to present evidence to show them they are wrong.

If however a user openly states he knows he is promoting a scam and then fault blames victims for getting scammed then that clearly shows the user is unsuitable for any responsible role.

.. but without a shadow of doubt I think you make a very valid point indeed Lauda and you have articulated it in such a simple manner, so much so it makes it difficult to argue against it. Thank you.

[Lauda]

This thread is very damning..
How much scam is enough scam to do something about in in a widespread and consistent manner?

This is what bothers me with this. If this continues, i.e. we do not do anything in said manner, then this will set a precedence that some scamming is acceptable which is very dangerous, and frankly just unbelievable.

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.

We need to keep a clear separation of the problem:
1) Yobit spamming - administration issue.
2) Yobit scamming and people advertising a known scam - trust/DT issue.
The current state of affairs is a display of complete failure on our end regarding point 2.

After reading you post I will say there is still a lot of merit in the approach I applied to the process of scams being promoted:

In simple terms, if a user promotes a scam but does not believe or accept it is a scam, then it is up to the community to present evidence to show them they are wrong.

If however a user openly states he knows he is promoting a scam and then fault blames victims for getting scammed then that clearly shows the user is unsuitable for any responsible role.

.. but without a shadow of doubt I think you make a very valid point indeed Lauda and you have articulated it in such a simple manner, so much so it makes it difficult to argue against it. Thank you.

I believe that the following soft approach is the most correct to everyone and can't be denied in that way: Extending on what you said - If there is consensus within the majority of DT that this needs to stop, then I'd issue a mass PM to every single person wearing their Signature and would point out:

• Evidences and cases of their scams.
• The consensus of the community that advertising any scams is unacceptable, or particularly in this case that advertising Yobit is unacceptable.

Any sane, user who does not condone scamming would then voluntarily remove their signature. For those that do not, well they will have implicitly (if they do not respond but show activity post receiving the PM) or explicitly (respond but refuse) acknowledged that they are aware of the scam and are still willing to advertise it. This would make the case of tagging them very trivial.
Please keep in mind that the action that I'm talking about can only be done once we have some sort of, majority of active-DT consensus. No member, regardless of status, can attest that this is unfair treatment/biased/etc. This very proposal goes completely against my own nature, the one that people are used to.

[nullius]

...then I'd issue a mass PM to every single person wearing their Signature and would point out:

• Evidences and cases of their scams.
• The consensus of the community that advertising any scams is unacceptable, or particularly in this case that advertising Yobit is unacceptable.

I myself drafted a “PSA [public service announcement]” type post to give Yobit advertisers fair warning, with a request therein that others bring it to the attention of those whom they know.  “Friends don’t let friends do Yobit.”  And on my part, that is not mere rhetoric:  I see too many people whom I otherwise respect wearing Yobit ads!  I intended to make my “PSA” post, then PM it to them on not other than an amicable basis.

I have been independently working on this issue for some time, and kept quiet about it for reasons which I do not yet care to discuss publicly.  For my part, I am a loose cannon even worse than you—I want a DT consensus, but I will not myself promise to obey such a thing or the lack thereof.  My principal concern is to put Yobit advertisers on notice, such that all know or should know they are advertising a scam site.  Then, each must make his own choices, and bear his own consequences.  That said, I certainly respect your stand for keeping the forum peace (or at least, minimizing the inevitable drama)—and I think your reasoning is quite sound.

[JollyGood]

Please keep in mind that the action that I'm talking about can only be done once we have some sort of, majority of active-DT consensus. No member, regardless of status, can attest that this is unfair treatment/biased/etc. This very proposal goes completely against my own nature, the one that people are used to.

Well until that consensus happens I have created a thread: https://bitcointalk.org/index.php?topic=5220208

I have sent PMs to notify the 12 users that posted in the previous 7 days while displaying a Yobit x10 banners that I will tag them for promoting a ponzi scheme.