Hack history / 2021 / Fraud
Finiko
Fraud on Aug 20, 2021 · Scam
ONE SOURCE · 1 SOURCE
Lost
$100M
dollars at the time
Returned
none listed
as the sources state it
Rank
not ranked
collapses, frauds and later news are not ranked
What happened
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.
Details
- Date
- Aug 20, 2021
- Kind
- Fraud
- Method
- Scam
- How in
- Insiders: rug pulls, frauds, collapses
- Target
- not stated
- Chains
- not stated
Reported by
Related incidents
Cite this page
SwanBluechip, "Finiko fraud, Aug 20, 2021: $100M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/hteef05744ca/ (data as of 2026-10-31).