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 <p>Tether has blocked six new <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/wallets.html">wallets</a> on the Ethereum network, likely due to being <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/linked.html">linked</a> to the Russia Finiko <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/ponzi.html">ponzi</a> <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/scheme.html">scheme</a>.&nbsp;</p>
 <p>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.</p>
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    <p>1/4 @Tether_to just blacklisted 6 new wallets: <br><br>On Ethereum: <br><br>– 0x691169914a13465bd9528292f8fbdd0301354941<br><br>– 0x6d82a3743261e0ac77116f4cf153338bec3c69c6 <br><br>– 0x016a2046689fc94eec7d23545693bc7b81dbabd1<br><br>– 0x873e288d432d1e8dd93defa63406fd9a80580491 <br><br>-…</p>— ChainArgos (@ChainArgos) December 20, 2023
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 <p>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.</p>
 <p>Tether also blocked an address from TRON; however, blockchain analysts identified no suspicious activity from that address. The <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/wallet.html">wallet</a> only was one significant transfer worth $7,000 USDT from Bitfinex. Tether has been actively monitoring <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/wallets.html">wallets</a> <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/linked.html">linked</a> to cybercrime and illicit activities to ensure compliance with U.S regulators.</p>
 <p>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;</p>
 <div class="cn-block-related-link"><span> Read more: </span> Epic Games Store welcomes blockchain games despite ‘adults only’ ratings
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/tether-blocks-6-wallets-potentially-linked-to-finiko-ponzi-scheme-tbt74334.html">https://thebittimes.com/tether-blocks-6-wallets-potentially-linked-to-finiko-ponzi-scheme-tbt74334.html</a></p>

Tether blocks 6 wallets potentially linked to Finiko ponzi scheme

TheBitTimes

Other articles published on Dec 20, 2023

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