Post
Topic
Board Service Discussion (Altcoins)
Re: Wallets in maintenance on Yobit
by
gallery2000
on 06/10/2017, 12:38:54 UTC
Just did the math.

There are around 917 wallets in YoBit.

From those:
20 are in "Delayed" status. That's around a 2%
573 are "In Mainteinance" status. That's around a 62%
324 are online. That's a around 35%. However this number is even smaller as some of those online wallets are running a "YoBit Fork" (yeah, that's even a thing now) and some others appear to be online but they throw a last time warning, not allowing users to withdraw coins.

More than 50% of wallets disabled on a exchange. It's ridiculous.

Yobit business practice:

Jail your coin -->  Coin price dropped to 1 satoshi --> Yobit bought all the coins at 1 satoshi  -->  Open up the wallet -->  price went up to market price -->  Yobit sold all your coins at market price and make a ton load of money -->  Jail your coin again   ... rinse and start over again
the SEC should investigate Yobit for price manipulation and jail all the owners for doing this.