CROWDFUNDINSIDER · 2026-10-28 03:16 UTC

Spanish Investigators Trace Over $1.1 Billion in Bitcoin Movements Linked to Arbistar After Its 2020 Collapse

Spanish investigators traced over $1.1 billion in bitcoin movements linked to the collapsed Arbistar cryptocurrency platform, with transfers continuing after its September 2020 shutdown. Arbistar, which promised 28% weekly returns through automated trading bots, operated from May 2019 until collapse, affecting approximately 32,000 investors across multiple countries with reported losses exceeding 200 million euros. Founders Santiago Fuentes Jover and Diego Fernández Nojarova received prison sentences of 16 and 11 years respectively for aggravated fraud and criminal organization; authorities…

Loading the story on Tree News…