Topic: btc-arbs.com - Update: dead HYIP, Refund progress: BTC-arbs still doing refunds - page 84. (Read 276958 times)
May 29, 2014, 08:53:38 AM
Arbitrage trading can be quite profitable with minimal to zero risk, probably why many of us fell for this - it was a perfectly engineered cover story as with enough capital it is totally viable to arbitrage trade bitcoin, or any market where there is price difference between exchanges or different parties. For example I just found this site that has software which will scan all the odds at online bookmakers and return arbitrage sports betting opportunities here Sure the typical marketing tactics are cringeworthy but about 1/3 of the way down the page there is a video called "$320 in 3 minutes" which shows the system in action. Looks pretty interesting!
May 29, 2014, 07:46:16 AM
Keep us updated. This stung...
May 29, 2014, 06:49:47 AM
I have a couple friends actively looking for this fellow now.... not gonna be pretty. Better hope your info is not visible anywhere.
large transactions in the paper trail recently..
http://blockchain.info/address/16R14EH4v8A9GPXkAAP8gcMFBA8oxA8nbY
btc is not as anonymous as one would like to think, each day we break down those barriers.. and we are coming for you now.
BRING BACK THE SITE AND RETURN THE FUNDS OR PAY THE CONSEQUENCES.
You have been warned.
UPDATE : there are more than one person(s) being investigated now...
large transactions in the paper trail recently..
http://blockchain.info/address/16R14EH4v8A9GPXkAAP8gcMFBA8oxA8nbY
btc is not as anonymous as one would like to think, each day we break down those barriers.. and we are coming for you now.
BRING BACK THE SITE AND RETURN THE FUNDS OR PAY THE CONSEQUENCES.
You have been warned.
UPDATE : there are more than one person(s) being investigated now...
May 28, 2014, 12:28:18 AM
If anyone has that U.S. bank info for btc-arbs, feel free to PM me it. I'd like to see if any of the info matches up with any previous projects. Also the 100,000 bitcoin address, are we sure that it isn't a mixing service or some sort of bigger exchange wallet? I would literally be shocked if btc-arbs was able to steal 100k bitcoin. If that was the case, I feel we should have seen some bigger whales post here about their deposits or at least more people. I personally don't think they ran off with more than a million USD or so in bitcoin.
100K BTC would far exceed any investment needed for arbitrage. If the website received anywhere near that, I would expect that they would stop accepting new accounts. Otherwise, they would receiving funds that they could never use, and (if they ever actually tried to conduct any real arbitrage) it would dilute the profits of existing investors. There's no reason to accept any more funds than that, even if the host was planning to run a scam, other than pure greed.
Personally, I would stop accepting new funds before hitting 10K. But then again, I'm honest.
Everyone should file a police report for their losses. Even if the police never look at it, it will be helpful when filing your taxes because you can subtract that loss from any bitcoin profits. If the reader doesn't intend to report bitcoin on their taxes, then it could still be useful in case the tax authorities find out (like from your bank) and provide protection in an audit.
Regarding the banking connections of Btc-Arbs, anyone who sent or received funds via their bank should contact their bank and have any sort of flag or tracer placed on the account if it is possible. It may never result in a successful lead, but the point is that the person who stole the money can't run off with total impunity.
If there was a U.S. bank account involved and the 100k btc address is true, I'd be very interested in researching this. I would be extremely interested in researching this based on past HYIP experiences over the years.
May 27, 2014, 11:47:52 PM
If anyone has that U.S. bank info for btc-arbs, feel free to PM me it. I'd like to see if any of the info matches up with any previous projects. Also the 100,000 bitcoin address, are we sure that it isn't a mixing service or some sort of bigger exchange wallet? I would literally be shocked if btc-arbs was able to steal 100k bitcoin. If that was the case, I feel we should have seen some bigger whales post here about their deposits or at least more people. I personally don't think they ran off with more than a million USD or so in bitcoin.
100K BTC would far exceed any investment needed for arbitrage. If the website received anywhere near that, I would expect that they would stop accepting new accounts. Otherwise, they would receiving funds that they could never use, and (if they ever actually tried to conduct any real arbitrage) it would dilute the profits of existing investors. There's no reason to accept any more funds than that, even if the host was planning to run a scam, other than pure greed.
Personally, I would stop accepting new funds before hitting 10K. But then again, I'm honest.
Everyone should file a police report for their losses. Even if the police never look at it, it will be helpful when filing your taxes because you can subtract that loss from any bitcoin profits. If the reader doesn't intend to report bitcoin on their taxes, then it could still be useful in case the tax authorities find out (like from your bank) and provide protection in an audit.
Regarding the banking connections of Btc-Arbs, anyone who sent or received funds via their bank should contact their bank and have any sort of flag or tracer placed on the account if it is possible. It may never result in a successful lead, but the point is that the person who stole the money can't run off with total impunity.
May 27, 2014, 02:02:01 PM
If anyone has that U.S. bank info for btc-arbs, feel free to PM me it. I'd like to see if any of the info matches up with any previous projects. Also the 100,000 bitcoin address, are we sure that it isn't a mixing service or some sort of bigger exchange wallet? I would literally be shocked if btc-arbs was able to steal 100k bitcoin. If that was the case, I feel we should have seen some bigger whales post here about their deposits or at least more people. I personally don't think they ran off with more than a million USD or so in bitcoin.
Not certain, but I also wouldn't discount the idea that BTC-arbs was part of a larger criminal enterprise, either.
May 27, 2014, 11:07:53 AM
If anyone has that U.S. bank info for btc-arbs, feel free to PM me it. I'd like to see if any of the info matches up with any previous projects. Also the 100,000 bitcoin address, are we sure that it isn't a mixing service or some sort of bigger exchange wallet? I would literally be shocked if btc-arbs was able to steal 100k bitcoin. If that was the case, I feel we should have seen some bigger whales post here about their deposits or at least more people. I personally don't think they ran off with more than a million USD or so in bitcoin.
May 27, 2014, 10:41:32 AM
Yonce: Any chance you can pass on the bank details for FinMutual.com ?
That one's still running and has your seal of approval.
That one's still running and has your seal of approval.
I don't have any bank deposit information for Finmutual. I do not believe it accepts bank wires. Cryptory.com - the other program I am in also I am not aware of bank deposit information.
Btc-arbs would also be the first one I have heard of using a U.S. bank account.
But for those Btc-arbs users, mutual wealth was just recently shut down by the U.S. and had bank accounts frozen - once a program uses bank accounts for deposits that pretty much opens them up to anything, so wish you good luck!
May 27, 2014, 09:58:53 AM
Yonce: Any chance you can pass on the bank details for FinMutual.com ?
That one's still running and has your seal of approval.
That one's still running and has your seal of approval.
May 27, 2014, 12:28:22 AM
As it was said before a guy deposited some money to them in a bank in Hong Kong and I heard another that did in a bank in US. You cannot open a real bank account without real personal information. So it must be possible to find the guy and if he doesn't want to give the money back he will have to pay with his properties, whatever he has. Or they might be other ways to make him pay... We should organize ourselves and plan the next steps. We should open a group somewhere and share information like bank account info of the site, BTC addresses related to the site (specially the one with 100 000 BTC), our emails, our balances, etc. We can do it anonymously if you wish. We have to gather information for a possible lawsuit.
That would be real info to follow, bank accounts.
May 27, 2014, 12:06:22 AM
It's going to be really difficult to track him down and get the cooperation of companies like the WHOISguard service to provide the information they're paid to obscure from public view. We would need someone on the inside of one of the fiat payment processors they used to provide that information. Once we knew definitively who it was, we could possibly pursue legal action against them...but that would likely be quite a long, drawn out and costly affair, as it's likely to be international.
I would rather that someone just doxxed the creep so we could pressure him into giving back the money.
I would rather that someone just doxxed the creep so we could pressure him into giving back the money.
May 26, 2014, 11:08:59 PM
Will anyone step up to organize the effort to find the guy behind this scam? There will be a bounty for the guys arrest.
May 26, 2014, 09:48:59 PM
bunch of creeps. hopefully they get caught
May 26, 2014, 06:25:53 PM
As it was said before a guy deposited some money to them in a bank in Hong Kong and I heard another that did in a bank in US. You cannot open a real bank account without real personal information. So it must be possible to find the guy and if he doesn't want to give the money back he will have to pay with his properties, whatever he has. Or they might be other ways to make him pay... We should organize ourselves and plan the next steps. We should open a group somewhere and share information like bank account info of the site, BTC addresses related to the site (specially the one with 100 000 BTC), our emails, our balances, etc. We can do it anonymously if you wish. We have to gather information for a possible lawsuit.
May 26, 2014, 02:42:32 PM
Finally they shut the site off. Read back a few pages, this was a HYIP folks and a BAD crappy one at that. Admins buy hosting through third parties using e-currencies like Perfect Money. Nothing has changed, even before bitcoin existed this is how it was done. Finding ONE admin of ONE site where everything was done through third parties and sites like Perfect Money - it is 99.999999% impossible and pointless to try and trace them.
May 26, 2014, 12:33:18 PM
Well, I had sent a support ticket a couple days prior to the shutdown pointing out the movement of bitcoin deposits through an address controlling over 100,000 bitcoin. Two days after telling them that we could all see how full of shit they were, the site shut down.
May 26, 2014, 10:45:22 AM
so how long has it been since this site vanished? I was thinking of investing there but didnt have enough btc as I made my investments in mining. So glad I didnt go here. You guys should really consider cex and scrypt websites under my signature. I am new to scrypt site and not sure how good they are but cex has been around for quite long and as I read from their forums they maybe starting fiat trade also.
it has to be close to a week. I think most will be done with HYIP's we played once and lost. I wish I had my 1.6 right now i want to throw more into SYNC coin. damn these bastards.
It's funny. I posted a question on the Members "support" page three weeks ago about the possibility of a automatic payout threshold.
No answer.
Figuring a sent message mistake, I "re-sent" the question.
No answer.
Just last week I sent ,"Does anyone even read these Support tickets, or do they all just go into a big black worm hole!?"
Next day. Answer: "Yes. But there are too many of them....."
Few days after that....The whole thing went "buh bye"
Shoulda withdrawn when the "Legacy" crap started.
May 25, 2014, 11:39:07 PM
so how long has it been since this site vanished? I was thinking of investing there but didnt have enough btc as I made my investments in mining. So glad I didnt go here. You guys should really consider cex and scrypt websites under my signature. I am new to scrypt site and not sure how good they are but cex has been around for quite long and as I read from their forums they maybe starting fiat trade also.
it has to be close to a week. I think most will be done with HYIP's we played once and lost. I wish I had my 1.6 right now i want to throw more into SYNC coin. damn these bastards.
May 25, 2014, 10:58:08 PM
so how long has it been since this site vanished? I was thinking of investing there but didnt have enough btc as I made my investments in mining. So glad I didnt go here. You guys should really consider cex and scrypt websites under my signature. I am new to scrypt site and not sure how good they are but cex has been around for quite long and as I read from their forums they maybe starting fiat trade also.
May 25, 2014, 04:41:59 PM
Is there an effort to find the person/people behind the site? Would establishing a bounty for information leading to an arrest be useful?
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