In Spain, the organizer of the cryptocurrency pyramid was arrested on $1 billion

Spanish police arrested the operator of the cryptocurrency arbitration company Arbistar 2.0, which, According to law enforcement agencies, was a cryptocurrency pyramid on $1 billion.

As reports La Provincial, Organizer of the cryptocurrency scheme of Santiago Fuentes (Santiago Fuentes) He was detained at Tenerife and he was charged with financial fraud and money laundering.

According to Tulip Research, The site of Fuentes served about 120 000 users, who invested 40 000 BTC in a bot for arbitration trade. In total, in the cryptocurrency scheme arbistar 2.0 BTC were invested, equivalent $1 billion.

Investors began to blame the fraud platform last month, When Fuentes said, that the "computer error" prevented the withdrawal of assets of trading bots and destroyed more than a quarter of money. Tulip declared, which connects some actions by Arbistar 2.0 for the withdrawal of assets with the Hydra Darknet market.

The company named frequent interest payments for the use of crypto assets (to 1% per day) and limited possibilities for withdrawing money (Only on weekends) elements of the "classic pyramid". Previously, Fuentes denied accusations of fraud or bankruptcy Arbistar 2.0.

Recently, the police of the Indian district of Malapurram began an investigation against the owner of three cryptocurrency firms, calling to invest in the cryptocurrency Morris Coin. Besides, In September, the head of the cryptocurrency pyramid Argyle Coin, offering investment in diamonds, were charged with fraud.

Source