Robert Robb presumably persuaded a number of crypto financiers to send him $1.5 million to construct a too-good-to-be-true crypto trading bot, according to an FBI affidavit seen by 404 Media and CourtWatch
Robb supposedly sent out a message reading, “Poof, YOU’RE A MILLIONAIRE” to one Telegram group, accompanied by this picture of a purple fairy using a mushroom cap. The message guaranteed receivers they might strike it abundant if they utilized Robb’s MEV bot and bought the cryptocurrency $RAT and the paradoxically called token NoRugz.
Image: FBI affidavit, Case No. 1:24-MJ-100
It states Robb asked crypto financiers over Telegram and other social networks for cash to construct a “Maximum Extractable Value” or MEV, crypto trading bot. After financiers sent out the funds, the bot never ever emerged. Financiers talked to by the FBI stated that Robb made numerous reasons for the bot’s hold-up and never ever abided by any ask for refunds.
The bot explained by Robb would allegedly scan blockchain networks to discover successful trading chances and perform them instantly, however there’s no proof that innovation can in fact work over a prolonged duration. This hasn’t stopped crypto fraudsters from pressing phony bots on YouTube, X, and other social networks websites and making not likely pledges of 10x to 100x returns on their financial investments.
Robb regularly published about the MEV bot he was developing on X and the crypto social networks platform Friend.Tech. In DMs to financiers, he declared he had actually developed a model of a bot that sufficed to yield “massive returns.”
The FBI declares that throughout a couple of weeks in 2023, Robb gathered a minimum of $1.5 million from financiers. Rather of the funds going towards constructing a crypto trading bot, Robb moved many of the cash to his individual bank accounts. The FBI’s evaluation of Robb’s monetary deals showed that he invested a few of the cash on a two-year lease of an executive suite at the Denver Broncos Mile High Stadium, a high-end Jeep, and a remain at a trip resort in the Bahamas.
The 46-year-old Robb was detained in Las Vegas on March 20th, according to a screenshot of records from the Henderson Police published by crypto investigator ZachXBT on X. The Verge has actually connected to Henderson County to ask for Robb’s authorities records.
Robb, who publishes on X under the deal with pokerbrat2019declares in his bio that he is a previous victim of extortion. Over the previous year, he’s tweeted often about MEV bots and often alerted his fans to keep an eye out for crypto rip-offs.
Robb hasn’t published because the day of his arrest. His last post, released at 12:38 PM ET on the early morning of his arrest, scolded his fans for being “far too foreseeable” and guaranteed an approaching Solana bot.