Finiko

Finiko was a financial pyramid scheme based in Russia that gained notoriety for its fraudulent activities involving cryptocurrency investments. Established in Kazan (Russia), the scheme promised high returns on investments, primarily through the use of Bitcoin (BTC) and other cryptocurrencies. Participants were encouraged to exchange their rubles for tokens via the Rapid Wallets service, which was purportedly registered in New York, although this claim could not be verified. The scheme attracted a significant number of investors, leading to substantial financial inflows, but it ultimately collapsed, resulting in massive losses for participants. Authorities arrested key figures associated with Finiko, including its leader, Kirill Doronin, and investigations revealed that the total damage could reach hundreds of millions of dollars. Payments seem to have gone trough RapidWallets.ru

Finiko was a financial pyramid scheme based in Russia that gained notoriety for its fraudulent activities involving cryptocurrency investments. Established in Kazan (Russia), the scheme promised high returns on investments, primarily through the use of Bitcoin (BTC) and other cryptocurrencies. Participants were encouraged to exchange their rubles for tokens via the Rapid Wallets service, which was purportedly registered in New York, although this claim could not be verified. The scheme attracted a significant number of investors, leading to substantial financial inflows, but it ultimately col...