Spanish police said Arbistar related wallets transferred over 20000 units BTC
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AT A GLANCE
The Spanish Guardia Civil investigation found that Arbistar related wallets made large Bitcoin transfers after the collapse.
Article
【Spanish police:Arbistar wallets transferred over 1100000000 USD Bitcoin after the collapse】
The Spanish Guardia Civil found during its investigation of the cryptocurrency platform Arbistar that wallets associated with the now-defunct company continued to transfer large amounts of Bitcoin after the platform collapsed. The investigation showed that in 2020 September when the platform collapsed, approximately 881 Bitcoin were transferred to external wallets; from 2021 January to March, wallets linked to the principal defendants recorded total inflows and outflows exceeding 20000 Bitcoin, worth over March 31, 2021 based on the Bitcoin price, valued at more than 1100000000 USD. Spanish authorities classified the platform as a Ponzi scheme affecting up to 32000 investors. In 2020, prosecutors said approximately 1000000000 USD of investors’ funds could not be accounted for. Founder Santiago Fuentes Jover and partner Diego Fernández Nojarova were sentenced to 16 years and 11 years in prison, respectively.
Key points
01
2020 year September Arbistar At the time of the collapse, approximately 881 Bitcoin were transferred to external wallets.
02
2021 year January to March, wallets linked to the principal defendants recorded total inflows and outflows exceeding 20000 Bitcoin.
03
Based on the March 31, 2021 Bitcoin price, the aforementioned total inflows and outflows were worth over 1100000000 USD。
04
Spanish authorities classified Arbistar as a Ponzi scheme affecting up to 32000 investors.
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2020 In 1000000000 USD, prosecutors said approximately
06
Santiago Fuentes Jover and Diego Fernández Nojarova were sentenced to 16 years and 11 years in prison, respectively.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The materials state that Arbistar after the company collapsed, wallets associated with the company and the principal defendants continued to see substantial Bitcoin inflows and outflows. “Total inflows and outflows” refers to the combined amount transferred in and out over a period and is not equivalent to the amount ultimately held or lost by the wallets.
Why it matters to readers
These historical transfers involved substantial sums and were linked to a platform classified as a Ponzi scheme, so the destination of the funds and the recovery of assets warrant attention.
This concerns investigation information about a historical platform case. The original text does not state where the relevant Bitcoin are currently located or that they are being sold; the current direction of Bitcoin prices cannot be determined from this material alone.
Risks and unknowns
The material links to a Telegram page and does not include original documents from the Spanish police, prosecutors, or court.
The original text does not provide the addresses of the wallets involved, so the on-chain transfers cannot be verified based on the material.
“Total inflows and outflows exceeding 20000 units” does not clearly indicate whether repeated transfers of the same Bitcoin are included.
Approximately 1000000000 USD investors’ funds’ current whereabouts, recovery status, and compensation progress are not stated.
It has not been specified whether the relevant Bitcoin is still in the wallet involved in the case.
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