Thomas Daniels
Tether recently restricted access to six new Ethereum network wallets, likely due to connections with the Russian Finiko ponzi scheme. ChainArgos, a blockchain analytics company, suggests these wallets may have conducted dubious transactions with addresses linked to Finiko, though no other notable suspect activities were detected from these wallets.
Finiko, a pyramid scheme that originated in Russia in 2018, caused losses of approximately $95 million to its victims. Last year, the scheme’s leader, Edvard Sabirov, was apprehended by Interpol in the UAE, but other key participants remain at large.
Additionally, Tether blocked a wallet on the TRON network, but no suspicious activities were linked to it. This wallet’s only major transaction was a transfer of $7,000 USDT from Bitfinex. Tether has been vigilantly tracking wallets associated with cybercrime and illegal activities to comply with U.S regulatory standards.
Despite these actions, there seems to be no clear and significant evidence of these seven wallets engaging in major illicit activities. Tether has not yet issued a statement regarding these recent wallet blocks.
