Hack history / 2020 / Scam
Arbistar
Scam on Sep 16, 2020 · Scam
ONE SOURCE · 1 SOURCE
Lost
$120M
dollars at the time
Returned
none listed
as the sources state it
Rank
#50
among thefts by dollars lost
What happened
According to Spanish prosecutors, they are investigating Arbistar's alleged manipulation of a Bitcoin trading scam. The disappearance of investor funds has affected 32,000 households who cannot use their savings invested in Bitcoin trading platform Arbistar. Earlier, it was reported that crypto company Arbistar announced that it would close a trading tool called Community Bot. The operator said that all funds on the platform are currently frozen and prevent users from withdrawing funds. Allegedly, the amount stolen may exceed 100 million euros (120 million U.S. dollars), which may be the “largest scam in Spain” related to cryptocurrencies.
Details
- Date
- Sep 16, 2020
- Kind
- Scam
- Method
- Scam
- How in
- Phishing and scams
- Target
- not stated
- Chains
- not stated
After the theft
- Frozen
- yes, amount not stated
“The operator said that all funds on the platform are currently frozen and prevent users from withdrawing funds.” (SlowMist Hacked)
Reported by
Related incidents
Cite this page
SwanBluechip, "Arbistar scam, Sep 16, 2020: $120M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht069de52d0e/ (data as of 2026-10-31).