[2016-08-06]Bitfinex’s Founder Seemingly Tried to Start a Ponzi Scheme

[WishICanTurnBackTime]

Raphael Nicolle, the elusive founder and CEO of Bitfinex, “invested” in a number of Ponzi schemes in 2012 and loudly supported Trendon Shavers who was recently sentenced to 18 months in prison for running a “classic Ponzi scheme.”
We can further reveal that Raphael Nicolle, who, in 2012, claimed to be a 26-year-old living in Lyon, France, tried to start, what appears on its face to be, his own Ponzi scheme:
“When I need more coins than I have to fill an order, I will ask everyone that previously “registered” with me to lend me some btc. After 7 days, I will return all of it, principal + 2% interests [per week]…. Now the questions you might have: What could you do to make so much profit? Let just say that I do “arbitrage”: I buy low and sell high.”
Nothing has been heard from Bitfinex’s founder or any of the directors since the biggest exchange in USD volume suddenly announced the theft of $70 million worth of bitcoins. Moreover, it appears that some profiles are fully being deleted, with some other profiles, such as that of Giancarlo Devasini, Risk Manager at Bitfinex, seemingly lacking much if any information.


https://www.cryptocoinsnews.com/bitfinexs-ceo-seemingly-tried-start-ponzi-scheme/

[Das]

Could it be that Raphael Nicolle went into a business that went bad and somehow refunded with his customer's bitcoins?

This story seems to be getting more interesting

[Kaneki]

Little is known in regards to what exactly happened at Bitfinex four days after the shocking announcement. What is known is that approximately 120,000 bitcoins moved at the same time around mid-day on August the 2nd. There is no bitcoin address one can point to as the funds were withdrawn to thousands of addresses.