In 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 Russian-based digital currency exchange founded in 2015, offering access to hundreds of digital currencies. The trading platform made headlines several times in multiple reports of suspicious activity and problems with users trying to withdraw funds from their wallets. At the time of publication, Yobit's daily trading volume is about $ 28 million, according to CoinMarketCap.
The community reacted quickly, with some users asking if YoBit's Twitter account had been hacked, and others accusing the company of fraudulent activity. User @ Altcoinbuzzio wrote: