About 750 BTC were withdrawn from Finiko's Ponzi scheme wallet
All transactions then went to one address belonging to the Huobi exchange

12.11.2021 - 07:35
817
1 min
0
What’s new? According to the Youtube channel “Zheleznaya Stavka”, between November 1 and 10, unknown persons made a series of transactions and withdrew large sums of money from the bitcoin wallet of the Finiko Ponzi scheme.
How much money was withdrawn? There were a total of 3 transactions of 250 BTC each. The total amount they were able to send from the Ponzi scheme’s wallet to another wallet was 750 BTC (about $48,5 million).
What is known about further actions? Once the transfers were completed, all funds were subsequently sent to an address belonging to the cryptocurrency exchange Huobi. The unidentified individuals began the process of splitting bitcoins into smaller amounts and transferring them to other addresses in order to confuse the trail.
The channel's author Andrey Alistarov stresses that the exchange should have blocked the said funds long ago, but so far this has not happened and there is a good chance that the unknown persons will be able to cash out the money of the defrauded Ponzi scheme’s users.
Useful material?
Market
Once the SEC confirms, the filing will be published in the Federal Register, which will initiate the approval process
Feb 11, 2025
Market
Analysts at JPMorgan Bank believe the asset will continue to face pressure amid growing competition
Feb 6, 2025
Market
The hacker used the account to promote MEOW and DCOIN scam tokens
Feb 6, 2025
Market
The company’s operating expenses rose 693% year-over-year to $1,103 billion
Feb 6, 2025
Crypto regulations
Group head Hester Peirce criticized the regulatory approach formed by former chairman Gary Gensler
Feb 5, 2025
Incidents
This status has been maintained for the first cryptocurrency since September 2021 but was canceled due to pressure from the IMF
Feb 3, 2025