Which Bitcoin transfers does the new investigation report document?
The Guardia Civil report describes massive Bitcoin transfers around the collapse of the platform. On the day of the collapse in September 2020, 881 Bitcoin flowed to other digital wallets, according to La Provincia.
A few months later these cryptocurrencies had reached a value of 32.5 million euros, according to a ruling by the Audiencia Nacional. Investigators also found mass transfers to people close to Arbistar, with no recognisable common pattern and no proven arbitrage.
What sums were moved after the collapse?
The movements continued after the problems became known. Between January and March 2021, wallets attributed to the accused recorded inflows and outflows of more than 20,000 Bitcoin.
The value at the time was around 710 million euros, according to La Provincia. The sources give no comparison with the previous month or year, so the development cannot be classified as a rise or a fall.
How were the traces allegedly covered up?
Investigators believe that a so-called mixing service was used. This tool combines cryptocurrency transactions to make the origin of the funds harder to trace.
According to La Provincia, the system was used close in time to the first liquidity warnings sent to investors. Even so, investigators identified possible beneficiaries within the family circle of those responsible.
Who is accused?
The public prosecutor attributes the events to the three founders of Arbistar. Santiago Fuentes Jover, a Catalan businessman resident in Tenerife, is named as the leading figure.
Four people are currently listed as accused, according to La Provincia. Eight further possible beneficiaries have not yet been identified.
What does the case mean for affected investors?
The report introduces no new prices, deadlines or claim rules for residents, expats or visitors to Tenerife. It is a criminal investigation, not a general application process for those affected.
Financial claims, victim numbers and loss amounts remain the subject of court proceedings. The final number of victims and the possible seizure of assets remain open.
What happens next?
The Audiencia Nacional opened a separate investigation into possible money laundering in April. It is examining whether part of the funds was transferred to third parties or hidden through cryptocurrencies.
The report names no new court date, submission deadline or closing date as of Friday. The criminal assessment of the Bitcoin transfers is also not yet complete.