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Showing posts with the label ponzi scheme

Do Kwon Set To Be Extradited to the US After Losing Appeal in Montenegrin Constitutional Court: Report

Disgraced Terra (LUNA) founder Do Kwon is reportedly going to be extradited to the US after losing an appeal in a Montenegrin high court. According to a new report by France 24, Kwon – the person suspected of being behind the multibillion-dollar downfall of the Terra ecosystem in 2022 – had his appeal thrown out by the Montenegrin Constitutional Court, which earlier in the year ruled that the conditions for his extradition have been met. However, Justice Minister Bojan Bozovic still had to decide whether to extradite Kwon to the US or South Korea, both of which have pending charges against him. As stated by the Montenegrin Ministry of Justice, according to the report, “It was concluded that the majority of the criteria prescribed by law favor the extradition request from the competent authorities of the United States of America. Consequently, the Minister of Justice issued a decision approving the extradition of Kwon Do Hyung to the United States, while si...

Tether blocks 6 wallets potentially linked to Finiko ponzi scheme

Tether has blocked six new wallets on the Ethereum network, likely due to being linked to the Russia Finiko ponzi scheme .  According to blockchain intelligence firm ChainArgos, the wallets might have made suspicious transfers to Finiko-linked addresses. However, no other noticeable suspicious transactions were observed from these addresses. 1/4 @Tether_to just blacklisted 6 new wallets: On Ethereum: – 0x691169914a13465bd9528292f8fbdd0301354941 – 0x6d82a3743261e0ac77116f4cf153338bec3c69c6 – 0x016a2046689fc94eec7d23545693bc7b81dbabd1 – 0x873e288d432d1e8dd93defa63406fd9a80580491 -… — ChainArgos (@ChainArgos) December 20, 2023 You might also like: Coinbase CEO considers anti-crypto bills as ‘bad political strategy’ Finiko was a pyramid scheme launched in Russia in 2018, which saw victims lose up to $95 million. Last year, Interpol arrested the scam leader, Edvard Sabirov, in the UAE. However, several other members of the scam are still a...