With a sudden closure, Arbistar 2.0 leaves more than 120 thousand Spanish users affected by what clearly seems to be a large pyramid scam.
Arbicorp, the company responsible behind the development of the digital automated arbitration platform for cryptocurrencies, arbistar 2.0, informed the user community that the platform's developers discovered a flaw in one of their products that was granting exuberant profits since October of last year. According to the release, one of the products of the Arbistar 2.0 platform, known as Community Bot, allowed the delivery of profits much higher than the corresponding ones. For this reason, Arbicorp made the decision to close the product, freeze all accounts and prevent new investments or withdrawals from the platform.
Arbicorp's action has not been liked by any of the users affiliated with this platform, who are immensely concerned about the fate of the invested funds they had within this project. And although the company's statement indicates that they will take measures so that none of the users lose their funds, it also indicates that those who take the legal route will not receive their payments until the situation is determined, in case a judicial process is opened.
Arbicorp's actions and warnings are a clear sign that the company seeks to hide the scam behind it, and that it intends to dissuade affiliated users from taking action and resorting to legal avenues.
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The pretexts for Arbistar 2.0
In the statement, Arbicorp takes refuge after saying that Community Bot has been delivering excess profits to affiliated users for almost a year, so now the platform has “a hole” of more than 1% of what it really should have been. delivered. The company excuses itself by saying that an error in the configuration of the product led Arbistar 28 to receive a figure much lower than what the platform actually details, so the profits they have delivered to users are much higher than those they expected. they really should have received.
“These EXCESS PAYMENTS have caused us to have a very important hole in the Community Bot's operating account. Exactly for each of our Community Bot clients' accounts, 46% more profit has been paid for 28 weeks than what actually happened in the market with our arbitrage."
In theory, the version given by the company is that the “excess” profits from Community Bot created a deficit in Arbistar 2.0 funds, so Arbicorp was forced to close the platform “temporarily.” Now, a look at the platform's way of acting and the company's statements can reveal what is really hidden behind it: a pyramid scheme or Ponzi scheme.
Revealing the pyramid scam
What is most striking would be knowing how an error in one of the platform's main bots went unnoticed for almost a year. Wouldn't the developers and operators of Arbistar 2.0 have noticed an error of such magnitude? Well, of course, no cryptocurrency investment platform would ignore an error of such scale that is delivering excessive profits to affiliated users and causing large daily losses. It would be a bit incredible and unusual, wouldn't it?
Second, several users affiliated with this platform have filed complaints about losses caused by Community Bot, statements that contradict the “excess profits” that the platform claims to have delivered. Likewise, according to the statement, the error was discovered on August 1, but the company has just revealed it, another fact that calls into question Arbicorp's statements. If they discovered the “error” more than 1 month ago, why did they continue to pay the supposed excessive profits?
On the other hand, although the platform's withdrawal and rollover services for Community Bot were closed, the company's referral program remains operational for other products. Furthermore, investment and arbitration platforms cannot close their operations or prevent users from withdrawing funds due to internal errors that have existed for almost a year: This is not an error or security vulnerability that warrants the protection of funds. , but of arbitrary actions that only seek their own benefit.
Thus, Arbicorp's actions seem to indicate that such an error in Community Bot does not exist, but that it is a device by the company to calm users and then disappear with investors' funds.
Social networks are flooded with complaints
Since Arbicorp announced the “temporary” closure of the project, statements on Twitter, Telegram and Instagram by affected users and analysis and security companies have not been long in coming.
Tulip Research, a cryptocurrency scam analysis company, spoke out stating that Arbistar is the largest Spanish-speaking Ponzi scam of the moment, with a figure close to one billion dollars in funds from investments and profits.
The company states that as of September 15, daily payments will begin to return funds to users, although it does not specify how and when Bitcoin shipments will be made to those affected users.
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