Another 6 Members of Finiko Crypto Pyramid Arrested in Russia

April 23, 2022 Bitcoin.com

arrests

Russian law enforcement authorities have detained six more members and executives of the notorious crypto Ponzi scheme Finiko. Police in the Republic of Tatarstan and Russia proper have conducted dozens of searches as part of an ongoing investigation into the pyramid, which defrauded investors around the world. New Arrests in Finiko Case Made in Russian […]

French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud

EU Lawmakers Back Regulation Threatening Unhosted Crypto Wallets, Defi Space

April 1, 2022 Bitcoin.com

Bitcoin

Members of the European Parliament have approved a controversial regulation that could undermine the decentralized finance (defi) sector in the EU. Some of its provisions, which are yet to be coordinated with other European institutions, aim to introduce restrictive measures for transactions involving privately managed crypto wallets. EU Parliament Moves to Introduce Verification for Defi […]

French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud

Crypto Ban Proposed by Bank of Russia Met With Opposition in Parliament, Government

January 25, 2022 Bitcoin.com

Ban

The central bank’s push for a restrictive policy regarding cryptocurrencies is not gaining support among members of the Russian government, legislature, or law enforcement. A blanket crypto ban, as proposed by the bank, would make a laughingstock of Russia, lawmakers have warned. Bank of Russia’s Hardline Stance on Crypto Rejected by Other Russian Institutions The […]

French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud

Russia’s Federation Council to Set Up Working Group on Crypto Regulations

December 12, 2021 Bitcoin.com

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The Federation Council of the Russian legislature is forming a working group expected to propose comprehensive regulations for cryptocurrencies. Officials from several ministries and government agencies, as well as members of the country’s expanding crypto industry, will join the body. Federation Council to Prepare New Regulations for Cryptocurrencies in Russia The Federation Council, the upper […]

French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud

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

November 22, 2021 Bitcoin.com

Accomplices

Kirill 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 […]

French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud

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

November 13, 2021 Bitcoin.com

Bitcoin

A 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 […]

French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud

Russian Parliament to Consider Restrictions for Non-Qualified Crypto Investors

October 8, 2021 Bitcoin.com

Anatoly Aksakov

Cryptocurrency can be quite complicated for some and lawmakers in Russia think they need to contemplate restrictions for private investors. According to a high-ranking representative of the legislature, the Russian parliament needs to provide them with “maximum protection” against the risks. Members of Russian Parliament to Seek Protection for Citizens Investing in Cryptocurrency Deputies in […]

French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud

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

September 28, 2021 Bitcoin.com

arrest warrants

The 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 […]

French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud

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

September 25, 2021 Bitcoin.com

Arrest

A 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 […]

French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud

Russian Court Confirms Arrest Warrants for 3 Finiko Founders

September 20, 2021 Bitcoin.com

Abkhazia

Tatarstan’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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