“We noticed that most of the USDC fund flows, $11.5 million out of $14 million, came directly from the Finiko Ponzi scheme, more than $9 million in bitcoin came from Finiko, as well as $2.7 million in ERC20 tether,” Pounder said. “Over $155 million of the overall flow of more than $930 million funds received by Suex OTC could be deemed as high risk,” he added.
Related posts
-
Crypto Exchange Binance Takes Action Against Account Misuse
Cryptocurrency exchange Binance has announced measures to address the... -
Firm Behind Pudgy Penguin NFTs Acquires Frame to Build Abstractchain for Consumer Crypto
Igloo Inc., the team behind the Pudgy Penguins non-fungible... -
SEC’s Case Against Binance Moves Forward With Major Allegations Intact
The U.S. District Court for the District of Columbia...