news

bitcoin

1 X bitcoin bitcoin =

Sunday

27 September 2020

A Spain Based Crypto Ponzi Scheme Abruptly Freezes Accounts of 120,000 Investors | News Bitcoin News

A Spain Based Crypto Ponzi Scheme Abruptly Freezes Accounts of 120,000 Investors | News Bitcoin News


smart summary beta

A Spain based crypto Ponzi scheme, Arbicorp abruptly froze accounts of more 120,000 investors on September 12, after the discovery of an error that causes one of its cryptocurrency trading bots to overpay.

Arbicorp claims that the error, which went unnoticed for almost a year, led to its trading bot called Community Bot, to pay 28% more in profits than were due.

However, Arbicorp assures investors in a statement that “no one will lose” and management even suggests that aggrieved investors that want to take legal action “can proceed.”.

Consequently, Arbicorp warns investors that choose the legal route that “we will hold your payments until the judicial resolution” has been made?

Goto Full Article

bitcoin bitcoin price

$9106.76

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.4)

Article Metadata

author

site

bitcoin.com
Market data feeds provided by cryptocompare.com
bitsmart 2018