Topic: btc-arbs.com - Update: dead HYIP, Refund progress: BTC-arbs still doing refunds - page 139. (Read 276958 times)

That doesn't mean that they don't exist.   However it also doesn't mean it isn't a scam.

The main thing is, Global Capital Alliance doesnt exist. If you search on google "Global Capital Alliance" (which has been mentioned on results page of btc arbs) you will find "Global Alliance Capital" (http://globalalliancecapital.com/)

Hmmmmm, they're definitely dedicated to trying to sell this story.


I'll just wait around and see what happens. Glad I was cautious and only put in 0.2BTC.

>I just hope "Adam" is able to find a new job

He will establish a new ponzi.

I will say it could be possible just because of what is going on at cryptorush. Of course that means we have pretty much lost our money and they are trying to figure out how to get it back.

After the site was down, everyone wanted to withdraw. At that point they could either run off with the money, or find a way to stop people withdrawing while accepting new deposits to get a bit more life out of the scheme.

Why they came up with such a ridiculous story that no one would believe is either because they are incredibly stupid, or they think we are incredibly stupid.

Either that or Admin is Mark Karpeles....

I just hope "Adam" is able to find a new job   


There are a million things wrong with their story, but firstly, how would a company even contact them about their proposition ? Submit a support ticket to "Adam"  

That would be nice. But of course it wouldn't matter. We would tell them they are doing it wrong or that they are still a scam just posting BS. The only way to calm fears is to do this audit quickly and send those trying to withdraw their BTC.

I hate how we are having to guess how and why they are doing it like this, a little more information would be nice.

Maybe it is automatically auditing the accounts. And they only return a small portion on every pass. Or maybe they lost most of the coins and now are using what they make to pay back the funds.

I agree that this whole thing isn't looking good, but why all of the theatrics if they could just leave with the money? What's the point?

I have had one transfer from legacy to active, it was for .009. I don't understand why do this, it seems like more cost and overhead to send such small amounts to each account.

It has crossed over the line, no doubt anymore.   This is clearly a scam. 

I have a really hard time buying into the claims of the "new ownership." Firstly, nobody's ever heard of them and yet they're the ones who came through with the "best offer" for the buyout? And there isn't a word about them anywhere on Google, with the only other company bearing the same name having been based in Georgia and going defunct back in 2007. Next, they're making sure people who invested USD get made whole immediately. Why? To avoid international wire fraud charges by the US government, no doubt. The Heartbleed "exploit" is a smokescreen in order to justify not restoring everyone's balances. These are not web wallets, the number on our account was just a reflection of an amount that would have existed on the exchanges. The only way Heartbleed would have affected ANY member would be if someone gained access to your account and initiated a transfer of Bitcoin without your knowledge or consent. That's it...and if you had two factor authentication installed, even less likely you would have needed to feel any impact from it. It's the whole Mt. Gox "Transaction Malleability" claim, again.

Add to that the fact that ANY venture capital group worth a damn would have done its due diligence before a buyout and ensured that the books were 100% balanced, they wouldn't have done that AFTER the buyout.

It's all COMPLETELY fishy. I've got quite a bit of money tied up in my account there and I'm really baffled by how this is going down, right now. The two transfers I've seen come out of my "legacy fund" into my normal balance thus far are laughable.

I really hope this all ends up being some kind of colossally mismanaged change of hands, but I'm bracing for the worst.

Lol lol, google: "Global Capital Alliance" "bitcoin" > 0 results.



I honestly hope all of you get 100% of your funds back.. but yeh obviously I won't be surprised if it's gone. It really has been classic ponzi all along.

So... do you think that they are doing like this site http://ponzimatic.net/

Hey if you got your funds locked up in bitcoin-trader.biz it could be even worse!   No room to gloat until your funds are out.   

Is it too early for "I told you so"? 

I agree ... it looks like a classic Ponzi scheme right now. 

Once scam a day is enough, Thanks!

In the acquisition communication... "The above steps may seem somewhat (sic)"

Why yes, yes they do.

The likelihood of some user balances being incorrect due to the heartbleed blood seems extremely low. But why only tell us about it now?

Why does it take an acquisition for you to verify balances?

Why would anyone acquire your company when it is vulnerable to the heartbleed blood and unsure of it's holdings vs balances?

The transfer of funds to my legacy balance does not appear to reflect my interest and from the transaction history, was performed in two steps. Why?

The transaction to my legacy account happened after interest was last paid (as of this post). But based on the following...

"3. The daily arbitrage earnings will apply only to the new Bitcoin balance and will not be calculated on the Legacy Fund.

4. Funds in the Legacy Fund will be moved to the current Bitcoin balance as we successfully transfer the funds from the previous owners exchange accounts into our new corporate accounts. Furthermore, prior to being transferred, Legacy Funds will be reviewed for accuracy."

Btc-Arbs will not be paying me my interest until they confirm the balance in my legacy fund. Therefore, they intend denying me rightful gains. They appear to have transferred a random (but small) amount to my non-legacy account.

There is no mention of this situation on your website - it is just a private support message to members.

It appears they have reverse ponzi'd and plan on paying new members with the locked money from old members through this heartbleed/acquisition bullshit.