Arbistar Scam: $120.00M Reported Loss
According to Spanish prosecutors, they are investigating Arbistar's alleged manipulation of a Bitcoin trading scam.
- Reported loss
- $ 120,000,000
- Attack category
- Scam
Incident Overview
The disappearance of investor funds has affected 32,000 households who cannot use their savings invested in Bitcoin trading platform Arbistar. Earlier, it was reported that crypto company Arbistar announced that it would close a trading tool called Community Bot. The operator said that all funds on the platform are currently frozen and prevent users from withdrawing funds. Allegedly, the amount stolen may exceed 100 million euros (120 million U.S. dollars), which may be the “largest scam in Spain” related to cryptocurrencies.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.