Alleged crypto Ponzi scheme targeting Spanish speakers freezes user funds

Alleged crypto Ponzi scheme targeting Spanish speakers freezes user funds


The team behind Arbistar, a crypto trading bot developer, announced that it would be shutting down a popular trading tool known as Community Bot.

According to a press release published by Arbicorp, the company that runs Arbistar, the platform is not currently allowing deposits. All funds have been frozen, preventing users from withdrawing their money. Users are not even able to access crypto from funds that trade with other bots. 

This has led financial forensic firm, Tulip Research, to warn users that Arbicorp is actually a billion-dollar crypto Ponzi scheme — a claim they say they have made “many times”:

“Arbistar has used BTCPayServer for the last year taking advantage of the PayJoin functionality to hide the money trail. Before its implementation, it was possible to trace without problem the different movements that the company made with the incoming capital. By applying heuristic methods, different addresses can be related to a single organization.”

By checking the address pool before

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