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Crypto Exchange YoBit Starts Pump Scheme on Random Coins | Cell Phone Spy and Mobile Tracking Software
Russian crypto exchange YoBit tweeted that it will pump the price of 10 random coins. Cryptocurrency exchange YoBit is going to perform a pump scheme on random coins, according to an Oct. 10 tweet. A pump and dump scheme is a form of fraud that attempts to artificially boost the price of an asset through misleading or false recommendations.YoBit Pump in 22 hrs: will buy one random coin for 1 btc every 1-2 mins 10 times (total buy amount - 10 btc).— Yobit.Net (@YobitExchange) October 10, 2018In addition to announcing the pump scheme in a tweet, the exchange posted a countdown clock for a 'YoBit pump' on its website.YoBit is a Russia-based digital currency exchange founded in 2015, which offers access to hundreds of digital currencies. The trading platform was in the headlines a number of times in multiple reports of suspicious activity and problems with users trying to withdraw funds from their wallets. At press time, YoBit's daily trading volume is around $28