Do you remember the Russian crypto Ponzi scheme Finiko that deceived countless people? Recently, someone is finally going to pay for it.

One of the founders of this scheme was arrested in the UAE and has now been sent back to Russia. The charges against him are serious—organizing and leading a criminal group, massive-scale fraud, with the extradition process completed at Dubai Airport.

Finiko was quite prominent back then, operating from 2018 to 2021, promoting high returns and recruiting people everywhere. Basically, it was a typical crypto pyramid scheme—no real investments were made after collecting the money, just a game of passing money around. Over 7,700 people were involved in the scam, with an astonishing scale.

This kind of Ponzi scheme is actually quite old-fashioned, but people still fall for it every time. Now, one of the founders is finally facing legal consequences, giving some closure to the victims. However, how much of the money can be recovered remains another matter.