Cryptocurrency exchange orchestrates shameless ‘pump and dump’ scheme


In a blatantly fraudulent turn of events, a small-time cryptocurrency exchange has decided the best way to beat the bear market is to just throw morality to the wind, and ‘pump and dump’ random coins. Wednesday evening, Russia-based cryptocurrency exchange YoBit took to Twitter to announce it will be buying 1 Bitcoin (BTC) worth of a “random coin” every couple of minutes, starting this Thursday. This is apparently meant to happen ten times. YoBit Pump in 22 hrs: https://t.co/RIbW7OhKzMWe will buy one random coin for 1 btc every 1-2 mins 10 times (total buy amount – 10 btc). — Yobit.Net…

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Source: thenextweb
Cryptocurrency exchange orchestrates shameless ‘pump and dump’ scheme