Is Arbitly a Scam? Review of the Crypto Trading Platform

Arbitly located at arbitly.io has suspended withdrawals but are taking deposits. My withdrawal, like many others, is now pending for more than 3 days. And, their support channel went from being very active to very silent, and a broadcast-only channel. And, I do not believe they have been hacked as a reputable company would have not suddenly gone silent.

Is Arbitly a Scam? Review of the Crypto Trading Platform

Arbitly' Crypto Trading Platform Website

Arbitly located at arbitly.io

After a few days, It tried to withdraw BTC, LTC, or ETH and all of them are still disabled. On the chat, they say they are going thru some updates on the website, and withdrawal will be suspended for up to 48 hours. But, when tried 3 days later, withdrawal is disabled. And, why have they not alerted customers about this so-called "update" and that withdraws would be disabled for a certain amount of time.

A friend of mine told me that Arbitly claims they are in the media at Yahoo News, Yahoo Finance, BlockONOMI, and Business Insider, but the links to their so-called media articles do not work. And, he could not find their articles on the same media websites after searching for them.

If you have any information about Arbitly, please share your experince in a comment below.

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Comments (Total: 7)

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  • January 12, 2021 at 10:24 AM by an anonymous user from: Müngersdorf, Cologne, North-Rhine-Westphalia, Germany

    I lost 1.7 BTC and 9 ETH.Hacked by Alex? dont believe. This was a plan between old and new Ceo. I trust trustpilot with good reviews. Never trust trustpilot.

  • January 11, 2021 at 1:59 PM by an anonymous user from: Waarderpolder, Haarlem, North Holland, Netherlands

    I made some nice profit with btc at Arbitly. I thought if this works then let’s try it also with ethereum. I made a deposit but it never shows up in my wallet. From the 1st of December 2020 till yesterday I was trying to get it back. Stuart, a guy from Arbitly kept on telling me at the Telegram chat to wait. Bulls... answers all the time. It is a huge scam. A very huge scam.

  • January 11, 2021 at 9:51 AM by an anonymous user from: Escuela Militar, Las Condes, Region Santiago Metropolitan, Chile

    Anyone have any information?

  • January 11, 2021 at 6:19 AM by an anonymous user from: Pully, Vaud, Switzerland

    For sure it is a scam! And now it even looks like it has been attacked by a ransomware ...

    If you want to get some interests out of your BTC / ETH there are few legit sites and they are listed on CoinMarketCap at interest.coinmarketcap.com

    Never trust "arbitrage" companies, they will take your coins and one day disappear.

  • January 10, 2021 at 1:52 PM by an anonymous user from: City of Johannesburg Metropolitan Municipality, Randburg, Gauteng, South Africa

    So sad that it seems like we’ve all been scammed. My God is not blind and no bad deed will go unpunished!

    • January 10, 2021 at 2:00 PM by an anonymous user from: Cape Town, Montague Gardens, Western Cape, South Africa

      I fully agree - he will get what he deserve! I've lost the little bit of crypto savings I have managed to get together over two years.

  • January 10, 2021 at 9:51 AM by an anonymous user from: El Cinco, San Juan, San Juan, Puerto Rico

    They went out with a little over 25 eth on my account. So bad it went from the best company to worst nightmare.

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Is Arbitly a Scam? Review of the Crypto Trading Platform