Arbistar Ponzi Scheme Wallets Moved Over $1.1B in Bitcoin After Collapse: Report
2 outlets · first seen 1d ago · latest 21h ago
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Bitcoin Newsfirst seen
Arbistar Ponzi Scheme Wallets Moved Over $1.1B in Bitcoin After Collapse: Report
Spanish authorities investigating the fraudulent cryptocurrency platform Arbistar have uncovered massive post-collapse bitcoin movements. Post-Collapse Bitcoin Transfers Uncovered New details have emerged in Spain’s investigation into Arbistar, the fraudulent cryptocurrency platform that fleeced tens of thousands of investors. Fresh findings from the Guardia Civil reveal that digital wallets tied to the now-defunct firm handled […]
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Blockonomi
Spain Continues Money Laundering Probe Into Arbistar Bitcoin Wallets
TLDR Wallets tied to Arbistar moved more than 20,000 bitcoin between January and March 2021. The transfers were worth over $1.1 billion at the time and about $1.6 billion today. About 881 bitcoin was sent to outside wallets as the platform collapsed in September 2020. Arbistar affected up to 32,000 investors and promised weekly returns of about 28%. Founder Santiago…