Bitfinex’s Founder Seemingly Tried to Start a Ponzi Scheme
Very Interesting Article
06/08/2016
by Andrew Quentson - cryptocoinsnews.com
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:
“[W]hen 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.
There are no known independent pictures or videos of Bitfinex’s CEO, and his current whereabouts are likewise unknown...