australia | ForkLog

ForkLog 112 13.11.2025

Hackers Exploit Australian Cyber Police Service to Steal Cryptocurrency

Criminals utilized a public communication channel with Australia's cyber police to defraud local citizens of digital assets.

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ForkLog 1679 10.10.2025

Pavel Durov warns of the ‘imminent demise’ of the free internet

We are approaching a “dark, dystopian world” in which governments are stripping users of privacy, Pavel Durov said.

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ForkLog 11 21.03.2025

Australia Unveils Digital Asset Regulation Strategy

The Australian Treasury has released a plan to develop cryptocurrency legislation in the country. It aims to create a regulated ecosystem that combines innovation with consumer protection. The relevant bill will be presented for public consultation this year. It will regulate exchanges and crypto custodians under existing financial services legislation. Companies are expected to be […]

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ForkLog 10 12.02.2025

Russian Provider Zservers Sanctioned for Aiding LockBit

The United States, Australia, and the United Kingdom have imposed sanctions on the Russian secure hosting provider Zservers for offering services to the LockBit ransomware group. ? SANCTIONED: Russian cyber entity ZSERVERS, the launchpad for crippling ransomware attacks, and their UK front, XHOST Internet Solutions LP. The UK is cracking down on the Russian cybercrime […]

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ForkLog 12 18.12.2024

Australian Regulator Accuses Binance of Consumer Rights Violations

Retail clients of Binance in Australia were not adequately protected from risky derivatives, resulting in significant losses. This was stated in a lawsuit filed by the ASIC. According to the complaint, from July 2022 to April 2023, Oztures Trading Pty Ltd (trading as Binance Australia Derivatives) mistakenly classified 505 clients—83% of its users—as “wholesale” investors. […]

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ForkLog 14 16.12.2024

Australian Woman Kidnaps Saudi Royal for Bitcoin Ransom

In Australia, 24-year-old Catherine Colivas kidnapped a member of the Saudi Arabian royal family, demanding $40,000 in bitcoin for his release. This was reported by the Daily Mail. According to court documents, Colivas and three accomplices found their victim through a dating app, arranging a meeting. After the encounter, the woman asked her companion to […]

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ForkLog 7 22.10.2024

Former Mine Digital CEO Accused of Embezzling $1.5 Million from Client

The Australian Securities and Investments Commission (ASIC) has charged former CEO of the crypto exchange Mine Digital, Grant Colthup, with embezzling 2.2 million AUD ($1.47 million) from a client attempting to purchase bitcoins. Following an ASIC investigation, the ex-CEO of crypto exchange Mine Digital has been charged with fraud in connection with a $2.2 million […]

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ForkLog 4 02.10.2024

Australian Authorities Crack Seed Phrase to Seize $6.4 Million in Cryptocurrency

The Australian Federal Police (AFP) have accessed a suspect’s crypto assets valued at 9.3 million AUD ($6.41 million) by deciphering the wallet’s seed phrase. The AFP-led Criminal Assets Confiscation Taskforce (CACT) has successfully restrained $9.3 million in cryptocurrency as part of an investigation into the alleged mastermind behind Ghost, the dedicated encrypted communication platform.https://t.co/GwYKhHqH9m — […]

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ForkLog 12 30.08.2024

Australia’s Bitcoin ATMs Surge Seventeenfold

Australia ranks third globally in the number of installed crypto ATMs, boasting 1,162 units. Over the past two years, this figure has increased seventeenfold, according to Coin ATM Radar. In 2022, there were only 67 Bitcoin ATMs. Data: Coin ATM Radar. According to TRM Labs, local authorities have identified this segment as vulnerable to money […]

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ForkLog 8 23.08.2024

Australian Court Sides with Regulator in Case Against Kraken

The Federal Court of Australia has found Bit Trade, the local operator of the Kraken cryptocurrency exchange, guilty of failing to comply with legal requirements in offering margin trading. This was announced by the Australian Securities and Investments Commission (ASIC). On October 5, 2021, Bit Trade offered Australian clients trading on Kraken the “margin extension” […]

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ForkLog 7 15.07.2024

Australian Court Convicts Former BitConnect Promoter

The Sydney District Court found Australian promoter of the fraudulent $2.4 billion BitConnect scheme, John Bigatton, guilty of providing unlicensed financial services. The man was sentenced to three years of restricted freedom on the condition of good behavior. For five years, he will be barred from managing any business. According to court documents, the project […]

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ForkLog 9 17.06.2024

Australia’s Stock Exchange to Launch First Spot Bitcoin ETF

On June 20, the Australian Stock Exchange (ASX) will witness the debut of its first spot Bitcoin ETF. The product from VanEck has been approved for trading, while applications from other issuers are still under review, according to Bloomberg. BetaShares Holdings Pty and DigitalX Ltd are awaiting approval. A representative from the former informed the […]

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