VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
Root cause
Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.
Forensic narrative
The founder of one of Russia's largest cryptocurrency scams has been in jail for allegedly defrauding US$100 million from its investors. Finiko was established in Kazan in 2019 and pretended to be a legitimate BTC investment company. In December 2020, Finiko released its native digital currency FNK. According to local reports, the founders will take BTC from investors and reward them with FNK tokens. Attack method (per SlowMist): Scam. Reported loss: $ 100,000,000.
Sourced from
slowmist
Technical record
- chain
- —
- protocol
- Finiko
- bug_class
- rug
- date_occurred
- 2021-08-20
- loss_usd
- $100,000,000
- source_id
- sm:finiko::2021-08-20
Related — same bug class· rug