What happened
Finiko company which offers Bitcoin investment opportunities and huge return fees turns out to be a Ponzi scheme. The founders of the company were arrested. Finiko accumulated funds close to 1,500,000,000 $USD due to an investigation from Chainalysis.
The company, named Finiko, offered lucrative investment options using a network of promoters who pulled in new users for referral fees. Investors were supposed to put in bitcoin and get the native token of Finiko in return.
About 100 people reported Finiko to the police, officials said, and the amount of claims totaled around 70 million Russian rubles, or slightly less than $1 million. The project accumulated 59,645 $BTC which is valued at more than 1,500,000,000 $USD due to an investigation from Chainalysis.
Scammer addresses:
Full list of the involved addresses:
Protocol details
Evidence
- report Report blog.chainalysis.com
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