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In November 2017, a Business Insider investigation revealed that traders were conducting pump and dumps on YoBit via the messaging app Telegram. However, it remained unclear whether the exchange was aware of the pump and dump activity, as Yobit reportedly did not respond to a request for comment from Business Insider.
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YOBIT News • YoBitis a Russia-based digital currency exchange founded in 2015,whichoffersaccesstohundredsofdigitalcurrencies.The trading platform was in the headlines a number of times in multiplereportsofsuspiciousactivityandproblemswithusers towithdrawfundsfromtheirwallets.Atpresstime, YoBit’sdailytradingvolumeisaround$28million,according toCoinMarketCap. YoBitis a Russia-based digital currency exchange founded in 2015,whichoffersaccesstohundredsofdigitalcurrencies.The trading platform was in the headlines a number of times in multiplereportsofsuspiciousactivityandproblemswithusers tryingtowithdrawfundsfromtheirwallets.Atpresstime, YoBit’sdailytradingvolumeisaround$28million,according toCoinMarketCap.
YOBIT News • In November 2017, a Business Insider investigation revealed thattraderswereconductingpumpanddumpsonYoBitviathe messagingappTelegram.However,itremainedunclearwhether theexchangewasawareofthepumpanddumpactivity,asYobitreportedly did not respond to a request for comment from BusinessInsider.
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