btc-arbs.com - Update: dead HYIP, Refund progress: BTC-arbs still doing refunds - page 101.

vach

full member

Activity: 237

Merit: 100

Quote from: cjbriere on May 05, 2014, 10:03:53 AM

I have filed a complaint, Id: I1405051055108631 through:
http://www.ic3.gov/default.aspx

I have also filed with my state attorney general. I am hoping this is all a mistake and I just get paid my initial deposit. I have printed to .pdf all my transaction history. I suggest more people should do this. Probably will go nowhere -- but it's all we can do at this point. It would be beneficial if anyone could post if they made USD deposits through any of the exchangers. The more of these the better.

It's funny, some of my deposits are still unspent and sitting as an only transaction through blockchain.

There is no point in printing your pdfs Its no proof, anybody can take firebug and modify webpage so that any number they want will appear on the screan.
But its encouraging that You've actually done someting...

cjbriere

newbie

Activity: 32

Merit: 0

I have filed a complaint, Id: I1405051055108631 through:
http://www.ic3.gov/default.aspx

I have also filed with my state attorney general. I am hoping this is all a mistake and I just get paid my initial deposit. I have printed to .pdf all my transaction history. I suggest more people should do this. Probably will go nowhere -- but it's all we can do at this point. It would be beneficial if anyone could post if they made USD deposits through any of the exchangers. The more of these the better.

It's funny, some of my deposits are still unspent and sitting as an only transaction through blockchain.

lesnod11

full member

Activity: 182

Merit: 100

Quote from: jseppeli on May 05, 2014, 08:40:59 AM

I have not gotten even one legacy transfer since i withdrew some satoshis 2.5!!

Wow, so this legacy transfer thing even the small transfers is selective too!

jseppeli

sr. member

Activity: 430

Merit: 500

I have not gotten even one legacy transfer since i withdrew some satoshis 2.5!!

sorrynn

newbie

Activity: 56

Merit: 0

Quote from: vach on May 05, 2014, 06:12:20 AM

Who did ever get full account legacy transfer? and what were the amount?

I had that. It was 1.12x BTC. Initial investment 0.97 BTC. Successfully withdrawn from there.

vach

full member

Activity: 237

Merit: 100

Who did ever get full account legacy transfer? and what were the amount?

joef

member

Activity: 93

Merit: 10

There is a way to locate them.

Some years ago, there was an experiment: How many people does it need to reach someone. A package was handed to someone with the goal to deliver it to an unknown recipient. Each one who get the package, shall relay the package to someone he knows and who may know another one which comes closer to the recipient.
The result: it takes usually 7 people to reach anyone in the world.

We can do the same here. First we need some information about one or better more USD transactions. Would be good to have information about different processors. Then we need to find a friend of someone who is working there and fetch some information about these transaction to his friend. The information can go back and can be collected somewhere. Maybe here. It will need several steps like that and afterwards anyone behind BTC-Arbs will be known quite well.

So lets start with collecting information about the transactions

supachimp

newbie

Activity: 4

Merit: 0

Quote from: yonce on May 05, 2014, 12:48:31 AM

Quote from: supachimp on May 04, 2014, 11:59:05 PM

I think what they are doing is the new users that dont know that btc-arbs.com is a scam are still depositing BTC, and they are taking those deposits and paying out some users to mitigate going "full gox" on everyone.. that is why they are processing all those mBTC transactions so people dont panic. I'm telling you we should get as much info about this site while they are still up and running....

What do you mean by getting as much information about them while the site is up?

It has always been such a lost cause at getting admins caught. Not just how anonymous the industry has always been (this is the reason why payment processors for HYIP's have been the ones in the past to ever get arrested) there's always a new one that pops up and people simply forget about the last one. And then there's the fact that hundreds of successful hyip's probably thousands even a remote success come and go - in general a single program that is extremely successful only goes through maybe a few millions bucks 5-10 million for the more successful ones. No government has ever pursued the hundred and thousands of successful HYIP's. They go for the processors about once every 5-7 years.

duly noted

yonce

full member

Activity: 182

Merit: 100

Quote from: supachimp on May 04, 2014, 11:59:05 PM

I think what they are doing is the new users that dont know that btc-arbs.com is a scam are still depositing BTC, and they are taking those deposits and paying out some users to mitigate going "full gox" on everyone.. that is why they are processing all those mBTC transactions so people dont panic. I'm telling you we should get as much info about this site while they are still up and running....

What do you mean by getting as much information about them while the site is up?

It has always been such a lost cause at getting admins caught. Not just how anonymous the industry has always been (this is the reason why payment processors for HYIP's have been the ones in the past to ever get arrested) there's always a new one that pops up and people simply forget about the last one. And then there's the fact that hundreds of successful hyip's probably thousands even a remote success come and go - in general a single program that is extremely successful only goes through maybe a few millions bucks 5-10 million for the more successful ones. No government has ever pursued the hundred and thousands of successful HYIP's. They go for the processors about once every 5-7 years.

supachimp

newbie

Activity: 4

Merit: 0

This is an example of the blockchain deposit someone posted to btc-arbs.com that they never received..

https://blockchain.info/address/1MWdD9ATRvqU1d5AhoreSe7dtPweVUtVY3

Now look at the (two) blockchain addresses someone (assuming btc-arbs) had transferred those funds out to,

https://blockchain.info/address/1NGNtqtnqnfEn5KmxftrS3huGbZQfzB9cj 0.1471 BTC

https://blockchain.info/address/18jLitCJzdhx4EXBAPRj1vX2bgsePFNN3U .0018 BTC

Under 1NGNtqtnqnfEn5KmxftrS3huGbZQfzB9cj of the .1471 BTC address, you can see all of the withdraws are mBTC amount, which looks like mBTC very similar to the amounts that are being moved from the Legacy account to the each Users Balance account at the end of each day. Not to mention the recent consisent same ROI.

If anyone wants to match up their receiving deposit address for those that HAD successful btc withdraws, then this wll prove my theory.

In summary, they are paying out people's ROI each day with new BTC being deposited into the site. Which is why people who recently deposited BTC aren't getting their Balance on their account and explain why some are getting sucessfull withdraws when their BTC is moved from the Legacy account.

Anyways that's my two cents.. I hope it helps those that went big with this site. I'm sorry to hear all those that can't withdraw their BTC Sad

supachimp

newbie

Activity: 4

Merit: 0

I think what they are doing is the new users that dont know that btc-arbs.com is a scam are still depositing BTC, and they are taking those deposits and paying out some users to mitigate going "full gox" on everyone.. that is why they are processing all those mBTC transactions so people dont panic. I'm telling you we should get as much info about this site while they are still up and running....

lesnod11

full member

Activity: 182

Merit: 100

Quote from: erono on May 04, 2014, 10:36:46 PM

my 0.1546bitcoins withdrawal was cancelled by admin, what should I do now?

Keep trying

erono

sr. member

Activity: 434

Merit: 250

my 0.1546bitcoins withdrawal was cancelled by admin, what should I do now?

FreeJack2k2

sr. member

Activity: 364

Merit: 250

They are consistently 1% or below now, regardless of market conditions. They also seem to be on a totally different time zone, as we are getting Monday's update on Sunday. In the past, it has been done on the same day (west coast US) in the late afternoon.

lesnod11

full member

Activity: 182

Merit: 100

Here is the latest bull shit:

One legacy transfer completed today. Arbitrage result 0.58%.

lesnod11

full member

Activity: 182

Merit: 100

My sister texted just now and said she just received her second withdrawal, both below .1 but still had received the btc.

NullOp

member

Activity: 63

Merit: 10

I've received my withdrawal from the non-legacy account. It was about 3.7% of my total deposit. It took 4 hours. It is a very strange way to run a scam.

I received this...

From administrator
Sent on May 05th 2014
Thank you for your message. As the new owners of BTC-Arbs we are happy to hear from you and are interested in hearing any suggestions that you may have. We are aware that the "Legacy Fund" method of doing things isn't ideal for some members, however it is the best way to ensure that all of our books are in order as we begin to move forward. As you will see, we have already started to transfer a portion of the Legacy Funds back to the main balance. Furthermore, we have processed all withdrawals that we have received.

We would appreciate your patience during this transition. A manual verification of the funds within the system is necessary, particularly due to the fact that there were a number of issues that arose as a direct result of the Heartbleed bug.

Further information regarding this transition will be provided in the coming days, along with information about our acquisition of an official investment license. We currently have no accurate timeframe for the entire process to be completed.

Sincerely,
Ron James & The Global Capital Alliance

yonce

full member

Activity: 182

Merit: 100

Quote from: RickyCardero on May 04, 2014, 07:35:24 PM

Another withdrawal received. Not to defend these scammers, but at least they haven't completely disappeared like Karpeles and MTGOX.

That is like comparing apples and oranges. MtGox is an actual company, can actually file for bankruptcy and the people are known and was a huge part of Bitcoin.

btc-arbs is nothing more than a crappy attempt at making a HYIP - and either sheer greed or stupidity made them go scam in a matter of weeks.

TheMage

hero member

Activity: 812

Merit: 1000

Litecoin Association Director

This site has been marked as a possible scam site on Litecointalk.org, if it hasnt been done yet I suggest doing the same so others dont deposit and lose their money.

RickyCardero

full member

Activity: 358

Merit: 100

Another withdrawal received. Not to defend these scammers, but at least they haven't completely disappeared like Karpeles and MTGOX.

Topic: btc-arbs.com - Update: dead HYIP, Refund progress: BTC-arbs still doing refunds - page 101. (Read 277012 times)