Finiko Crypto Pyramid Scheme Founder Deported from UAE
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 10 2025Deportation of Finiko Founder: The UAE has deported a founder of Finiko, a major cryptocurrency pyramid scheme, to Russia, where he is accused of leading a criminal organization and committing large-scale fraud.
Impact of Finiko Scheme: Launched in 2018, Finiko defrauded thousands of investors, resulting in losses estimated at up to $95 million across the post-Soviet region and beyond.
Ongoing Investigations: Details regarding the deported founder and the circumstances of the extradition remain unclear as investigations into the fraudulent scheme continue.
Previous Arrests: In 2022, Interpol arrested Edvard Sabirov, the alleged leader of Finiko, in the UAE, but several other members of the organization are still at large.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
