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YoBit Exchange, “We’re gonna pump 10 cryptocurrencies”
YoBit Exchange, “We’re gonna pump 10 cryptocurrencies”

YoBit Exchange, “We’re gonna pump 10 cryptocurrencies”

By Amelia Tomasicchio - 11 Oct 2018

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The YoBit exchange announced a few minutes ago on its Twitter page that in the next 22 hours they will pump 10 random cryptocurrencies to raise the price in an artificial and controlled way.

To check how much time is left to the pump, Yobit has also set up a page with a countdown: currently, there are only 5 hours left.

The Russian exchange founded in 2015 certainly decided an unorthodox initiative and often also very contested by crypto fans. The community, in fact, has not been slow to comment on the news, also tagging the SEC.

Yobit is not new to this kind of move: in November 2017, a Business Insider investigator had already revealed that on YoBit there were many pumps and dumps thanks to a Telegram channel where users decided which tokens to manipulate.

Amelia Tomasicchio
Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for Cointelegraph and CMO at Eido. She is now the co-founder and editor-in-chief of The Cryptonomist.

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