A few years ago, a case happened that was etched into the crypto community's memory: the death of Javier Biosca, the operator behind one of the biggest cryptocurrency scams in Spain. The interesting (or rather, the shady) part is how everything ended.

Biosca had set up a quite sophisticated scheme under the name Algorithmics Group. The promise was simple: weekly returns of 20-25% on crypto investments. Sounds too good to be true, right? Well, that’s exactly what it was. He then lowered the guarantee to 10%, but by then he had already attracted over 750 investors who entrusted him with around 500 million euros. The most surprising part is who fell for it: judges, notaries, tax inspectors. People who supposedly should know better.

What happened afterward was what really drew attention. In June 2021, Javier Biosca was arrested for fraud and embezzlement. The company operated without authorization from Spain’s National Securities Market Commission, so everything was illegal from the start. Some investors had put in their lifelong savings, others had given him up to 20 million euros directly.

Then came the strange part. On November 22, 2022, Javier Biosca was found dead after falling from the balcony of an apartment in Estepona. He was staying in a villa near a golf course with his family when the incident occurred around 11:15 am. A worker discovered his body after hearing the impact. The National Police investigated, but at that time they did not suspect foul play.

What’s curious is that Biosca had been released on a 1 million euro bail just three weeks earlier. His lawyer, Emilia Zaballos, expressed doubts about the nature of his death, suggesting there could be connections to criminal organizations involved in the scheme. We will never really know what happened on that balcony.