We received multiple scam reports of a likely 3000 BTC ponzi exit in South Africa yesterday. Jonathan Weltman, founder of arbX Digital (@arbXdigital), informed his investors he lost all funds via email a few days after the twittersphere erupted with complaints about no redemptions or communications.

From one informant.

arbX ran a crypto fund doing mostly arbitrage. Just a few days ago the founder sent out emails to all investors explaining how he has lost all funds Continue reading The arbX Digital Ponzi Scheme Exit →