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Cryptocurrency exchange orchestrates shameless ‘pump and dump’ scheme

Thursday, October 11, 2018 by Piyush Suthar | Comments

Home News Tech 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. Announced 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://ift.tt/2Ehm4DF will buy one random coin for 1 btc every 1-2 mins 10 times (total buy amount – 10 btc). —…

This story continues at The Next Web

Authored by Piyush Suthar
Pro Blogger


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