Cryptocurrency exchange Yobit in a tweet dated 10 October announced that it intends to undertake a PAMP random coins (that is, in fact, to pull off a fraudulent scheme pump-and-dump). According to the report, it will be ten times every one or two minutes to buy a random coin for one bitcoin. To the tweet attached a link to the timer to start the pump.
Yobit is a Russian cryptocurrency exchange, launched in 2015. Today it supports several hundreds of digital currencies, therefore, to predict which of them will participate in the pumping, is very difficult. The platform was several times accused of suspicious trading activity and problems with the withdrawal of funds from purses. According to CoinMarketCap, the daily volume of trading is around $28 million.
Recall that in November last year, Business Insider conducted its own investigation, tracking within two weeks of the scheme pump-and-dump cryptocurrency for UBQ, VCash, Chill Coin Magi Coin and Indorse. All the action took place either on the stock exchange Bittrex (USA) or Yobit. The Russian market did not respond to a request for comment from Business Insider.