It was previously reported that a large amount of Bitcoin was withdrawn from a wallet controlled by the Finiko Ponzi scheme in Russia. Unknown owners of the wallet transferred $48 million worth of coins this month. BTC was then split into small amounts and deposited at different addresses.
Ponzi scheme lifted 750 Bitcoin (BTC)
A total of 750 BTC worth approximately $48 million was withdrawn from one of the wallets used by the crypto Ponzi scheme Finiko, Forklog reported. Youtuber Andrey Alistarov broke the news about the transfer, revealing that since the beginning of November, three separate transactions of 250 BTC each have been made.
According to data from blockchain analysis platform Crystal Blockchain, Bitcoin was initially moved to a single address, and then the cryptocurrency exchange Sent to another wallet in Huobi. The crypto funds were then split into smaller amounts and transferred to other addresses.
Alistarov alleges that these transactions were made by three of Finiko’s senior members, who are still on the run. Zygmunt Zygmuntovich, Marat Sabirov, and Edward Sabirov, close associates of the pyramid founder Kirill Doronin, have managed to leave the Russian Federation, avoiding arrest as the crypto investment plan collapsed this summer. The Russian vlogger says that Finiko co-founders deliberately transferred the money in multiple transactions:
It’s unclear why they haven’t been locked out until now, because they’ve been accused of being scammers for a long time. One thing is clear, money is currently being cashed out.
Russian authorities investigating Finiko ponzi scheme
Authorities in Russia are currently working to uncover all the facts about Finiko, which advertises itself as an “automatic profit generation system” and promises extraordinarily high returns. Due to the large scale of the fraud, the federal Department of the Interior took over the investigation. Finiko is arguably considered Russia’s biggest ponzi scheme since the infamous MMM in the 1990s. Officially recorded losses from the scam reach $14 million, while independent estimates say the total is more likely to exceed $4 billion.
Finally, blockchain investigative firm Chainalysis says that the Ponzi scheme received over $1.5 billion in Bitcoin (BTC) in 800,000 separate deposits from investors between December 2019 and August 2021.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.