The topic of the Bigshortbets project, whose face is Rafał Zaorski. The most famous Polish speculator may be sued by investors.
Bigshortbets problem
The topic of Bigshortbets was recalled in 2024 by a group of white hackers 44Crew_pl. Her representative in an interview with Bankier.pl tried to present the backstage of the project. Up to 3,000 people were to invest in it and, as the hacker said, the editors talked to, they were cheated.
Zaorski promised that the funds collected from people to finance the project would be secured by tokens. He repeatedly emphasized that every person who has invested would not pull out less than how much he had put in. Later, the funds were taken by him to the Kraken cryptocurrency exchange. Not only that, Zaorski is so insolent that he does not even deny that he plays this money
– hacker claimed in an interview with Bankier.pl.
We have a pool of X tokens and they were secured with money collected from investors, stored in something like a common dish. Later, people could buy tokens from this pool, getting funds from security and vice versa. Let’s assume that one token Bigshortbets corresponded to the amount of 65 cents. Suddenly, however, it turns out that the security has been pulled out, i.e. there are de facto more owners of worthless tokens than those covered.
As a result, the course decreased and currently 1 token costs about 30 cents, but this only results from the fact that there are people who have not sold it yet. If all holders left this investment, the course would be less than 1%. The security was to guarantee that such a situation would not happen
– he later described more precisely how the whole system was supposed to work.
In his opinion, Zaorski moved USD 3.5 million to Krakow and then played with these funds. The worst would be that he did it without the consent of investors.
Rafał Zaorski comments
The whole case will now have to be x -raying the prosecutor’s office, because it came to the notification. We read in it that in 2021 Zaorski was to take funds from Bigshortbets investors. Of course in the form of cryptocurrencies. In the case, it is to be exactly about the “appropriation of property law in the form of collected cryptocurrencies” with a total value of approx. USD 3.5 million, or about PLN 14 million.
What is the most interested in that? He has already published a post on X, in which he wrote that “he put a lot of money into the Trading Jam foundations and in the BigSB project, which he had already pivotted 3 times and does not go as he intended.”
I am trying to go back to the market and focus on raising BigSB but probably not earlier than at the end of the year
he added.
As you can see, he did not refer directly to the information about the lawsuit.
The most controversy is whether Zaorski could transfer the funds of the project to the Kraken stock exchange and then play them. It is difficult to clearly determine what exactly happened. A person who partly knew the backstage of the project claims that the most famous Polish speculator had the right to do it, because investors made this type of decision in voting. The latter, however, was to take place in a closed forum, hence it is difficult to determine whether it actually took place. This situation shows that with this type of investment, full transparency and voting with blockchain are needed.
