Cryptocurrency Exchange Yobit Runs Suspicious Operations
Blockchain platform Waves has issued a statement to warn users about suspicious operations with Waves tokens at cryptocurrency exchange Yobit.
Pre-sale of Waves tokens was finished on Wednesday, June 1. Even though the coins cannot be withdrawn from a personal account as yet, Yobit mysteriously added a WAVES/BTC pair.
The statement posted in the project’sÂ official blog reads:
â€śWe have no evidence that the exchange’s administration took any part in Waves’ crowdsale, nor that it has any amount of WAVES coins. Moreover, Waves’ team attempted to contact Yobit’s administration to no availâ€ť.
The project notes that, as Waves tokens cannot be withdrawn from a personal account at the ICO website, they most certainly cannot be deposited at the exchange.
â€śIn fact, Yobit sells some liability to provide Waves’ tokens to users in the future,â€ť the statement adds.
Waves team also noted that the price of 1 Waves token at Yobit significantly exceeds its current market price, which stands at 0.027 BTC (around $14) at the moment of publication.
Notably, similar situation has already occurred to other projects that had recently held an ICO, like Lisk.
â€śWe do not recommend to effect any buy/sale operations with Waves coins until the main network is launched to the full extent, and coins have become withdrawable from the personal account,â€ť Waves’ statement reads.
Waves managed to raise nearly $16 million over the course of its recent ICO. Officially, Waves tokens will become tradeable as of June 14.
- Waves Platform Smart Contracts Launched on Testnet
- Russian Government to Control Bitcoin to Fiat Exchange Operations
- Bisq Co-Founder Chris Beams: There’s a Fundamental and Ultimately Fatal Flaw In the Centralized Cryptocurrency Exchange Model
- Waves Lab Participant Simdaq Raises $5 million via ICO
- Russia to Legalize Cryptocurrency Trading on Approved Exchanges
- Waves Platform Launches Venture Capital Fund Focusing on Crypto-Assets
- Waves Platform to Launch a New Self-Regulatory Body Aimed at Developing ICO Standards
- No Fees, But Paid Entry: Cryptocurrency Exchange “For the Rich” Launched in Moscow