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Tether has blocked six new wallets on the Ethereum network, likely due to being linked to the Russia Finiko ponzi scheme.&nbsp; 
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. 
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 1/4 <a href="https://twitter.com/Tether_to?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@Tether_to</a> just blacklisted 6 new wallets: On Ethereum: – 0x691169914a13465bd9528292f8fbdd0301354941 – 0x6d82a3743261e0ac77116f4cf153338bec3c69c6 – 0x016a2046689fc94eec7d23545693bc7b81dbabd1 – 0x873e288d432d1e8dd93defa63406fd9a80580491 -…— ChainArgos (@ChainArgos) <a href="https://twitter.com/ChainArgos/status/1737404907580444678?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 20, 2023</a>
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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 at large. 
Tether also blocked an address from TRON; however, blockchain analysts identified no suspicious activity from that address. The wallet only was one significant transfer worth $7,000 USDT from Bitfinex. Tether has been actively monitoring wallets linked to cybercrime and <a href="https://crypto.news/doj-charges-two-men-for-operating-25m-ai-crypto-ponzi-scheme/">illicit activities</a> to ensure compliance with U.S regulators. 
However, these seven wallets don’t seem to have any significant and evident link to major malicious activities. The stablecoin giant also hasn’t released a statement regarding this yet.&nbsp; 
 Read more: <a href="https://crypto.news/epic-games-store-welcomes-blockchain-games-despite-adults-only-ratings/"> Epic Games Store welcomes blockchain games despite ‘adults only’ ratings </a>

Tether blocks 6 wallets potentially linked to Finiko ponzi scheme

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