Surely, many of you are already aware of what is happening within the cryptocurrency investment sector. The latest earthquake in this regard is the case of those affected by Arbistar scam, a company dedicated to the purchase and sale of cryptocurrencies and the trading of these cryptocurrencies through proprietary software called Community Bot that carry out continuous intraday operations in search of maximizing profits and taking advantage of the fluctuations in the value of cryptocurrencies.
In addition, the company adopts a multilevel structure, according to which a person always enters the business through a referrer who will earn a small commission if they get the new client to invest in the company. This new client can later introduce new references in the company and earn their corresponding commission. Thus, all customers become customers and commercials of the product and services offered by the company.
This investment consists first of the forced purchase of that bot for a value of € 3,000 so that we can start operating in the cryptocurrency market, usually buying Bitcoins.
So, we always have that first barrier to entry when trading Bitcoins when buying that bot. Once we have paid for our bot, we will only have to make a first purchase of the cryptocurrency that we are interested in «trading» and the bot will take care of the rest. We will not actively participate in carrying out these sales actions.
Considering the operation of the business, in this this would be what has happened to those affected by Arbistar, and always according to the company’s version: The bot began to malfunction a few months ago and the Arbistar team was unaware of it. This fact has caused the company to lose 28% of the money deposited by its clients in the form of cryptocurrencies.
Customers, by echoing this fact, have caused a panic in which they ask the company for a full refund of their money, to which the company responds that due to the lack of these funds right now they cannot meet all requests Only those where the client’s balance is negative, clients with profits at the moment are being studied by Arbistar how to proceed.
Always from the presumption of innocence and with total respect for the professionalism that a company of these characteristics is understood to be, from Abogados-Estafas we are right now investigating the company’s procedures and how it has acted in this case to be able to provide legal coverage to those affected by Arbistar who to this day have not yet recovered their money from the platform.
If you are affected by the current Arbistar scam situation, get in touch with us and we will help you.