btc-arbs.com - Update: dead HYIP, Refund progress: BTC-arbs still doing refunds

[lesnod11]

my 0.1546bitcoins withdrawal was cancelled by admin, what should I do now?

Keep trying

[1714308836]

1714308836

[1714308836]

1714308836

[1714308836]

1714308836

[supachimp]

I think what they are doing is the new users that dont know that btc-arbs.com is a scam are still depositing BTC, and they are taking those deposits and paying out some users to mitigate going "full gox" on everyone.. that is why they are processing all those mBTC transactions so people dont panic. I'm telling you we should get as much info about this site while they are still up and running....

[supachimp]

This is an example of the blockchain deposit someone posted to btc-arbs.com that they never received..

https://blockchain.info/address/1MWdD9ATRvqU1d5AhoreSe7dtPweVUtVY3

Now look at the (two) blockchain addresses someone (assuming btc-arbs) had transferred those funds out to,

https://blockchain.info/address/1NGNtqtnqnfEn5KmxftrS3huGbZQfzB9cj 0.1471 BTC

https://blockchain.info/address/18jLitCJzdhx4EXBAPRj1vX2bgsePFNN3U .0018 BTC

Under 1NGNtqtnqnfEn5KmxftrS3huGbZQfzB9cj of the .1471 BTC address, you can see all of the withdraws are mBTC amount, which looks like mBTC very similar to the amounts that are being moved from the Legacy account to the each Users Balance account at the end of each day. Not to mention the recent consisent same ROI.

If anyone wants to match up their receiving deposit address for those that HAD successful btc withdraws, then this wll prove my theory.

In summary, they are paying out people's ROI each day with new BTC being deposited into the site. Which is why people who recently deposited BTC aren't getting their Balance on their account and explain why some are getting sucessfull withdraws when their BTC is moved from the Legacy account.

Anyways that's my two cents.. I hope it helps those that went big with this site. I'm sorry to hear all those that can't withdraw their BTC

[yonce]

I think what they are doing is the new users that dont know that btc-arbs.com is a scam are still depositing BTC, and they are taking those deposits and paying out some users to mitigate going "full gox" on everyone.. that is why they are processing all those mBTC transactions so people dont panic. I'm telling you we should get as much info about this site while they are still up and running....

What do you mean by getting as much information about them while the site is up?

It has always been such a lost cause at getting admins caught. Not just how anonymous the industry has always been (this is the reason why payment processors for HYIP's have been the ones in the past to ever get arrested) there's always a new one that pops up and people simply forget about the last one. And then there's the fact that hundreds of successful hyip's probably thousands even a remote success come and go - in general a single program that is extremely successful only goes through maybe a few millions bucks 5-10 million for the more successful ones. No government has ever pursued the hundred and thousands of successful HYIP's. They go for the processors about once every 5-7 years.

[supachimp]

I think what they are doing is the new users that dont know that btc-arbs.com is a scam are still depositing BTC, and they are taking those deposits and paying out some users to mitigate going "full gox" on everyone.. that is why they are processing all those mBTC transactions so people dont panic. I'm telling you we should get as much info about this site while they are still up and running....

What do you mean by getting as much information about them while the site is up?

It has always been such a lost cause at getting admins caught. Not just how anonymous the industry has always been (this is the reason why payment processors for HYIP's have been the ones in the past to ever get arrested) there's always a new one that pops up and people simply forget about the last one. And then there's the fact that hundreds of successful hyip's probably thousands even a remote success come and go - in general a single program that is extremely successful only goes through maybe a few millions bucks 5-10 million for the more successful ones. No government has ever pursued the hundred and thousands of successful HYIP's. They go for the processors about once every 5-7 years.

duly noted

[joef]

There is a way to locate them.

Some years ago, there was an experiment: How many people does it need to reach someone. A package was handed to someone with the goal to deliver it to an unknown recipient. Each one who get the package, shall relay the package to someone he knows and who may know another one which comes closer to the recipient.
The result: it takes usually 7 people to reach anyone in the world.

We can do the same here. First we need some information about one or better more USD transactions. Would be good to have information about different processors. Then we need to find a friend of someone who is working there and fetch some information about these transaction to his friend. The information can go back and can be collected somewhere. Maybe here. It will need several steps like that and afterwards anyone behind BTC-Arbs will be known quite well.

So lets start with collecting information about the transactions 

[vach]

Who did ever get full account legacy transfer? and what were the amount?

[sorrynn]

Who did ever get full account legacy transfer? and what were the amount?

I had that. It was 1.12x BTC. Initial investment 0.97 BTC. Successfully withdrawn from there.

[jseppeli]

I have not gotten even one legacy transfer since i withdrew some satoshis 2.5!!

[lesnod11]

I have not gotten even one legacy transfer since i withdrew some satoshis 2.5!!

Wow, so this legacy transfer thing even the small transfers is selective too!

[cjbriere]

I have filed a complaint, Id: I1405051055108631 through:
http://www.ic3.gov/default.aspx

I have also filed with my state attorney general. I am hoping this is all a mistake and I just get paid my initial deposit. I have printed to .pdf all my transaction history. I suggest more people should do this. Probably will go nowhere -- but it's all we can do at this point. It would be beneficial if anyone could post if they made USD deposits through any of the exchangers. The more of these the better.

It's funny, some of my deposits are still unspent and sitting as an only transaction through blockchain.

[vach]

I have filed a complaint, Id: I1405051055108631 through:
http://www.ic3.gov/default.aspx

I have also filed with my state attorney general. I am hoping this is all a mistake and I just get paid my initial deposit. I have printed to .pdf all my transaction history. I suggest more people should do this. Probably will go nowhere -- but it's all we can do at this point. It would be beneficial if anyone could post if they made USD deposits through any of the exchangers. The more of these the better.

It's funny, some of my deposits are still unspent and sitting as an only transaction through blockchain.

There is no point in printing your pdfs Its no proof, anybody can take firebug and modify webpage so that any number they want will appear on the screan.
But its encouraging that You've actually done someting...

[cjbriere]

True, but the deposits will match my bitcoin transactions which are documented and there for the world to see.

[vach]

True, but the deposits will match my bitcoin transactions which are documented and there for the world to see.

Oh yes I've forgot that withdrawals are printed with bitcoin addresses that makes sence then...

Unrelated question guys : why my account Activity sticks at 42? is there something wrong with forum?

[sorrynn]

True, but the deposits will match my bitcoin transactions which are documented and there for the world to see.

Oh yes I've forgot that withdrawals are printed with bitcoin addresses that makes sence then...

Unrelated question guys : why my account Activity sticks at 42? is there something wrong with forum?

It will update later...I have the same issue...so the counter of your posts still going....

[yonce]

I have filed a complaint, Id: I1405051055108631 through:
http://www.ic3.gov/default.aspx

I have also filed with my state attorney general. I am hoping this is all a mistake and I just get paid my initial deposit. I have printed to .pdf all my transaction history. I suggest more people should do this. Probably will go nowhere -- but it's all we can do at this point. It would be beneficial if anyone could post if they made USD deposits through any of the exchangers. The more of these the better.

It's funny, some of my deposits are still unspent and sitting as an only transaction through blockchain.

Good for you of course, but in previous history, a HYIP that pays for 7 or 8 weeks is nothing but a BLIP when looking at the industry as a whole. Just not worth the resources of any agency. Out of all the recent years, all that has ever been enforced was Liberty Reserve which was discussed during the Bitcoin hearings by the FinCen director. And that was an actual HYIP payment processor that was online for years and processed something like $6 billion. That is 1 site enforced in years and it was a processor.

[mogrith]

on 4/29 .1497btc was taken out of legacy and I requested it withdrawn. but it has not happened.

here is today's support ticket to them

Code:

Subject: Another succker to laugh at

it's not much but could I have the .1497BTC marked for withdrawal? it's been way over 36hrs.

Please respond so as you laugh for taking my money I can laugh at the bogus excuse you make up for nor paying me.

Next step in dance:

Code:

Thanks that is a pretty lame excuse

You mean the Customer support people normally authorize withdrawals so this interrupts them? If that was true you cold have just sent my coin out instead of repling to message.
----------------------------------
administrator on 05/05/2014 00:48:56
Every time you submit a support ticket like this, you delay your own withdrawal. 
We have a limited number of employees.

[dhsc19]

I don't think it takes anything more than common sense to see red flags and a facility to analyze a situation to realize the risks.  I've not sent anything to btc-arbs support regarding wanting to get my legacy funds transferred back.  Meanwhile, others who have been persistently squawking at them to get their money back are somehow being put in a priority list to get their fully legacy funds.  Are they paying people off to shut them up?  Some of these people getting paid back in full have WAY more BTC than I have, yet their audits were fast tracked to completion faster than mine?  Would a company doing legitimate audits sacrifice their audit procedures just satisfy a few?  And for the few who can claim they've been paid back in full, how many more are not being paid?  I'm still only getting 0.0001 BTC back a day.  I wouldn't be surprised if I get my BTC back after this post.  I'm a relatively cheap buy-off.

So, within the day of posting this I received my full legacy fund.  I immediately put in a full withdrawal order.  I waited 2 days and then I wrote them a follow up just plainly asking what the status of my withdrawal was.  Within a couple hours I received all my bitcoins.  So, all in all I made a 17% profit.  It's not the dream retirement, but scam as it is, I think I did ok for my first HYIP gamble.  I mean, I get it...it's a scam, so play it accordingly.  Get in early, get out quick.  Honestly, making threats and trying to annoy the heck out of these admins is like bringing a knife to a gunfight.  I'm sure they're getting entertained as they dangle the carrot on the stick. 

[nightengale]

I have filed a complaint, Id: I1405051055108631 through:
http://www.ic3.gov/default.aspx

I have also filed with my state attorney general. I am hoping this is all a mistake and I just get paid my initial deposit. I have printed to .pdf all my transaction history. I suggest more people should do this. Probably will go nowhere -- but it's all we can do at this point. It would be beneficial if anyone could post if they made USD deposits through any of the exchangers. The more of these the better.

It's funny, some of my deposits are still unspent and sitting as an only transaction through blockchain.

Good for you of course, but in previous history, a HYIP that pays for 7 or 8 weeks is nothing but a BLIP when looking at the industry as a whole. Just not worth the resources of any agency. Out of all the recent years, all that has ever been enforced was Liberty Reserve which was discussed during the Bitcoin hearings by the FinCen director. And that was an actual HYIP payment processor that was online for years and processed something like $6 billion. That is 1 site enforced in years and it was a processor.

This is really a jack-ass comment to make. We have already seen a HYIP prosecution: Pirateat40 and the Bitcoin Savings and Trust in Texas.

If anyone else is inclined to post a complaint on ic3.gov, please do not let this idiot persuade you otherwise -- just look at his trust rating.

[FreeJack2k2]

This is an example of the blockchain deposit someone posted to btc-arbs.com that they never received..

https://blockchain.info/address/1MWdD9ATRvqU1d5AhoreSe7dtPweVUtVY3

Now look at the (two) blockchain addresses someone (assuming btc-arbs) had transferred those funds out to,

https://blockchain.info/address/1NGNtqtnqnfEn5KmxftrS3huGbZQfzB9cj 0.1471 BTC

https://blockchain.info/address/18jLitCJzdhx4EXBAPRj1vX2bgsePFNN3U .0018 BTC

Under 1NGNtqtnqnfEn5KmxftrS3huGbZQfzB9cj of the .1471 BTC address, you can see all of the withdraws are mBTC amount, which looks like mBTC very similar to the amounts that are being moved from the Legacy account to the each Users Balance account at the end of each day. Not to mention the recent consisent same ROI.

If anyone wants to match up their receiving deposit address for those that HAD successful btc withdraws, then this wll prove my theory.

In summary, they are paying out people's ROI each day with new BTC being deposited into the site. Which is why people who recently deposited BTC aren't getting their Balance on their account and explain why some are getting sucessfull withdraws when their BTC is moved from the Legacy account.

Anyways that's my two cents.. I hope it helps those that went big with this site. I'm sorry to hear all those that can't withdraw their BTC

If anything, the amounts you see are going to pay withdrawal requests...because these numbers you see in your account are not a wallet. The legacy funds transfers or interest payments you see in your activity on the site are not wallet deposits. The only time they move Bitcoin is when they are paying people out.

But just from reading these forums, it's clear that only people with tiny balances are being paid out. Not a SINGLE person with a substantial amount of Bitcoin in Legacy has received a legacy transfer of the full amount or been able to withdraw. I've even offered to settle with them for the return of my principal investment and let them keep the SUBSTANTIAL amount of interest I'd earned over the past 2+ months, but I have not heard a peep out of them in response. Clearly, they know they can't pay it and so they're just continuing to pay out the tiny balances, leaving the heavy investors swinging in the breeze.