Seoul Takes Control Over $160 Million in Assets of Former Terraform Employees, Founder

Seoul Takes Control Over $160 Million in Assets of Former Terraform Employees, FounderAuthorities in South Korea have reportedly seized assets worth billions of won belonging to former representatives of Terraform Labs. The measure should prevent suspects in the case with the failed blockchain firm from selling property that may have been obtained with criminal proceeds. South Korean Law Enforcement Moves to Seize Terraform-Linked Real Estate, Report Prosecutors […]

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Three Arrows Capital Founders Served Subpoenas via Twitter in Bankruptcy Process

Three Arrows Capital Founders Served Subpoenas via Twitter in Bankruptcy ProcessThe founders of the now-defunct cryptocurrency hedge fund Three Arrows Capital (3AC) have been served subpoenas by the fund’s liquidators via Twitter. While serving subpoenas on Twitter is rare, it has happened on various occasions in the past, including when Wikileaks was served on Twitter in 2018. Founders of Defunct Crypto Hedge Fund Contacted Electronically […]

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Finiko Founder Doronin Offers to Testify Against 44 Accomplices at Crypto Pyramid

Finiko Founder Doronin Offers to Testify Against 44 Accomplices at Crypto PyramidKirill Doronin, mastermind of the Russian crypto Ponzi scheme Finiko, has proposed to testify against dozens of his former associates he claims violated his order to accept only cryptocurrency from investors. The founder of Russia’s largest financial pyramid in modern times has already provided detailed testimonies against a long list of accomplices, a media report […]

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Finiko Fugitives Suspected of Moving 750 BTC From Crypto Pyramid’s Wallet

Finiko Fugitives Suspected of Moving 750 BTC From Crypto Pyramid’s WalletA large amount of cryptocurrency has reportedly been withdrawn from a wallet previously controlled by the Finiko Ponzi scheme in Russia. The wallet’s unknown operators have transferred coins worth $48 million this month. The digital currency was split into smaller amounts and deposited to different addresses. 750 BTC Removed From Crypto Pyramid Finiko Wallet A […]

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Law Enforcement in Russia’s Samara Region Investigates 8 Cases of Fraud Related to Finiko

Law Enforcement in Russia’s Samara Region Investigates 8 Cases of Fraud Related to FinikoThe investigation into the Russia-based crypto pyramid Finiko is growing with law enforcement officials in Samara region announcing they have launched eight criminal cases against Finiko associates. Authorities are also working to identify more victims of the Ponzi scheme, Russia’s largest in recent years. Finiko Members Under Investigation in Samara, Russia The Russian Ministry of […]

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Court Extends Detention of Finiko Pyramid Founder Doronin and His Right-Hand Man

Court Extends Detention of Finiko Pyramid Founder Doronin and His Right-Hand ManA court in Tatarstan has extended the detention of Kirill Doronin, founder of Russia’s largest Ponzi scheme in recent times, Finiko. Doronin will spend at least two more months in custody as authorities fear he could hide from law enforcement. Ilgiz Shakirov, vice-president of the crypto pyramid, remains under detention as well. Finiko Mastermind Doronin […]

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Blacklisted Suex Addresses Received Over $900 Million in Crypto, Report Reveals

Blacklisted Suex Addresses Received Over $900 Million in Crypto, Report RevealsCryptocurrency addresses allegedly used by Russian exchange Suex, recently placed under U.S. sanctions, have received more than $934 million in crypto assets, blockchain analysis suggests. According to the Treasury Department, over 40% of the platform’s transactions involved criminal actors. A Suex co-founder has denied any illegal activity. Sanctioned Crypto Broker Suex Processed $370 Million of […]

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Russian Court Confirms Arrest Warrants for 3 Finiko Founders

Russian Court Confirms Arrest Warrants for 3 Finiko FoundersTatarstan’s highest court has rejected appeals against arrest warrants issued for three co-founders of the notorious Finiko crypto pyramid. The top representatives of the Ponzi scheme, accused of large-scale fraud in Russia, are still hiding abroad, media reports reveal. Three Finiko Ponzi Scheme Members Still Wanted The Supreme Court of Tatarstan, a republic of the […]

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