According to reports, a large number of cryptocurrencies have been withdrawn from wallets previously controlled by the Finiko Ponzi scheme in Russia. The unknown operator of the wallet transferred $48 million worth of coins this month. The digital currency is split into smaller amounts and deposited in different addresses.

750 Bitcoin Removed from the crypto pyramid Finiko wallet

750 in total BitcoinAt the time of writing this article is worth about 48 million U.S. dollars and has been withdrawn from one of the wallets used by the encrypted Ponzi scheme Finiko and Forklog Report. Youtube blogger Andrey Alistarov broke the news of the transfer, revealed It is carried out in three separate transactions, 250 per transaction Bitcoin Each starts in early November.

Quoting data from the blockchain analysis platform Crystal Blockchain shows that the money was initially transferred to an address and then sent to another wallet of the cryptocurrency exchange Huobi. Then the encrypted funds are divided into smaller amounts and transferred to other addresses, and the details are disclosed.

Alistarov claimed that these transactions were ordered by three senior members of Finico who are still at large. Zygmunt Zygmuntovich, Marat Sabirov, and Edward Sabirov, close partners of pyramid founder Kirill Doronin, managed to leave the Russian Federation and avoided detention when the crypto investment plan collapsed this summer. In September, the High Court of Tatarstan comfirmed Their international arrest warrant.

The Russian video blogger commented that the Finiko co-founders deliberately transferred funds in multiple transactions. “Why they haven’t been locked up until now is unclear, because they have been flagged as scams for a long time. One thing is clear-it is currently being fulfilled,” Andrei Alistarov added.

The Russian authorities are currently working to determine all the facts of the case with Finiko, a ghost entity that attracts hundreds of thousands of investors by promoting itself as an “automatic profit generation system” and promising extremely high returns. Due to the large scale of the fraud, the Federal Ministry of the Interior took over the investigation.

At the beginning of October, Kirill Doronin, Instagram influencers related to other Ponzi schemes in the past, Finiko’s two vice presidents, Irgiz Shakilov And Dina Gabdullina, and Lilia NurievaHe was promoted to the so-called “tenth star” level and was transferred to the capital Moscow.

Finiko is arguably Russia’s largest financial pyramid plan since its infamous MMM In the 1990s. Although officially registered scam losses have reached 1 billion rubles (close to 14 million US dollars), independent estimates indicate that the total losses are more likely to exceed 4 billion US dollars.

According to a report Chainalysis, a Ponzi scheme through blockchain forensics company received Between December 2019 and August 2021, investors had more than $1.5 billion worth of Bitcoin in 800,000 individual deposits.Its victims include citizens of Russia, Ukraine and other former Soviet Union countries, several EU member states, and the United States

Do you think the fugitive Finiko members are behind the 750 transfer? Bitcoin A wallet that belongs to the crypto pyramid? Tell us in the comments section below.

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