Arbistar-Linked Wallets Moved Over $1.1B in Bitcoin After Collapse: Report
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Spanish investigators found that wallets linked to Arbistar moved more than $1.1 billion in bitcoin after the fraudulent platform collapsed, Bitcoin.com News reported.
Wallets associated with the defunct cryptocurrency platform Arbistar transferred more than $1.1 billion in bitcoin following its collapse, according to a Bitcoin.com News report on Spain’s investigation.
The report attributed the findings to Spain’s Guardia Civil, which is investigating the fraudulent platform. Arbistar’s scheme affected tens of thousands of investors.
The reported transfers shed light on activity in wallets tied to Arbistar after it stopped operating. The available report excerpt does not identify the recipients or explain the purpose of those movements.
Source: Bitcoin.com News
