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Detail Analysis

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Date:

Status:

Incident Count:

September 16, 2020

Verified

1

Contributor:

zerofriction.io

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KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

120,000,000

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Recovered Amount:

-

Currency:

Dollars

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According to Spanish prosecutors, they are investigating Arbistar's alleged manipulation of a Bitcoin trading scam. 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.

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Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.