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

[dyask]

strange, today morning btc-arbs has already the result for  today evening (0.23)

I also receive 3 tiny transfers.   I'm up to a whopping 3% transferred of my legacy funds to normal funds.   

[vach]

According to todays message "Another legacy fund transfer and additional direct transfers are being made. We have begun transferring entire legacy balances on an individual basis. We understand that this process can be frustrating, however it is necessary due to the mess that existed when the Global Capital Alliance acquired BTC-Arbs. If you have a legacy balance, be sure to check your internal messages frequently. Arbitrage result: 0.23%."

Does anyone actually recieve full transfer from legacy fund?

[ultra79]

to me it sounds exactly like a scam, by paying out with BTC from new deposits -- especially as I'm not the only one who had his account with a 2 figure BTC amount simply deleted.

I created a nic on this forum just to post that I have had my account deleted as well. I had 2FA set up and all was working well for about 3 weeks and now I simply don't exist anymore. Even when I click "forgot my password" and enter the email I registered with, I get the message "Sorry we could not find this email in our database". I have submitted tickets a week ago and no answer. It is 100% not user error. Whether scam or negligence, btc-arbs.com has robbed me of just over 1btc by simply deleting my account.
Get your money out ASAP (if you can) is my advice.

[BiiGMacK]

I received this message today

"You have been selected to have your entire legacy fund transferred out immediately. Send your Bitcoin address here and we will process your full legacy fund withdrawal within 48 hours.

Ron James - Global Capital Alliance"

Anyone else?
I have provided my address and will let you know what happens.

[Bestinvest]

I received this message today

"You have been selected to have your entire legacy fund transferred out immediately. Send your Bitcoin address here and we will process your full legacy fund withdrawal within 48 hours.

Ron James - Global Capital Alliance"

Anyone else?
I have provided my address and will let you know what happens.

What was your account balance, if it's not a secret?

[sorrynn]

I would be eager to see your balance mate...keep us posted to see if you'll receive the whole amount back

[sorrynn]

also I appreciate if you can tell us the time when you received the message (website time)

[vach]

I think they will return some of small legacy balances to fool others and attract new investors (or stupid old ones).

[Bestinvest]

I think they will return some of small legacy balances to fool others and attract new investors (or stupid old ones).

That's why I asked him about the balance. Screenshot would be nice too...

[crazyivan]

This is some strange scam. They return money and they do so to an outside address. In other words, they tell you make the withdrawal for you. This is all under condition he actually receives it.

[vach]

This is some strange scam. They return money and they do so to an outside address. In other words, they tell you make the withdrawal for you. This is all under condition he actually receives it.

I bet He will recieve, and some of right this forum members too... I'd do that if I was the scammer

[sorrynn]

if you give them your wallet, can they even go deeper and empty your wallet?

[vach]

if you give them your wallet, can they even go deeper and empty your wallet?

Never, unless you give your private key too, only thing they can do with your wallet is add some BTC

[sorrynn]

maybe the answer is in their profit annoncement for today (earlier than ussual):

"Another legacy fund transfer and additional direct transfers are being made. We have begun transferring entire legacy balances on an individual basis. We understand that this process can be frustrating, however it is necessary due to the mess that existed when the Global Capital Alliance acquired BTC-Arbs. If you have a legacy balance, be sure to check your internal messages frequently. Arbitrage result: 0.23%."

so that is the reason the guy received the message...maybe more to come...who knows...

[sorrynn]

I feel "lucky"...was able to make 2 withdrawals of 0.01x btc each...from my initial deposit of 0.97 btc....so a bit more than 2%...

[christophorus]

It's almost worth the BTC I've lost to watch this unfold. Almost being the operative word in that statement.
Are we supposed to receive emails when you get a message in the support zone?
The latest results update is brilliant. A little peek behind the curtains or part of a build up to set the stage for the collapse of btc-arbs?

[crazyivan]

That is what I do not understand, people have received about 3% of their deposits so far. 3% on that HUGE amount of accounts is a lot of money, I can bet they ve had around 15k BTC in their possession, 3% of that is 450 BTC or about $200k. Why would you return $200k to people who have already been scammed??? This story about them getting new deposits does not hold water. We all complain and tell people NOT to invest anything even though we get these crumbs so I do not see correlation between new deposits and these withdrawals.

There is something else behind this.  

[Bestinvest]

That is what I do not understand, people have received about 3% of their deposits so far. 3% on that HUGE amount of accounts is a lot of money, I can bet they ve had around 15k BTC in their possession, 3% of that is 450 BTC or about $200k. Why would you return $200k to people who have already been scammed??? This story about them getting new deposits does not hold water. We all complain and tell people NOT to invest anything even though we get these crumbs so I do not see correlation between new deposits and these withdrawals.

There is something else behind this.  

I don't think they got that much BTC from investors. 1.5k maybe, but even that sounds too much for me...

[crazyivan]

Their website had something like 600k hits per day, 15k accounts, each with 1 BTC on average is quite realistic IMO.

[sorrynn]

well, there are accounts with 0.12 btc but also accounts with 60 btc....I wonder where are the big guys with amounts over 100 btc...that actually should had some drinks in Switzerland on a monthly basis ..still, 15k btc sounds huge for this site, but not impossible.