Crimes | ForkLog

ForkLog 17 04.10.2024

Cryptex Exchange Defendants Placed Under House Arrest

The Zamoskvoretsky District Court of Moscow has imposed pre-trial restrictions on three individuals accused in the case involving the criminal network of the cryptocurrency exchange Cryptex and the anonymous payment system UAPS. At the request of the investigative authorities, the alleged mastermind of the scheme, Alexander Tereshchenko, along with two accomplices, Ruslan and Roman Orekhovsky, […]

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ForkLog 13 03.10.2024

AT&T Faces Renewed Legal Battle Over $24 Million Cryptocurrency Theft

Telecommunications giant AT&T is once again facing court proceedings regarding its role in the theft of $24 million in cryptocurrency from Michael Terpin, founder of the bitcoin investor group BitAngels, through SIM card swapping. The relevant ruling was issued by the Ninth Circuit Court of Appeals. The incident occurred in 2018 when 15-year-old hacker Ellis […]

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ForkLog 8 02.10.2024

Extensive Raids Uncover Illegal Bitcoin Exchanges in St. Petersburg

Officers from the Economic Crime Department of the St. Petersburg police are conducting searches at 80 locations linked to a network of illegal cryptocurrency exchanges. This was reported by 47news, citing sources. According to the publication, investigative actions in the city and region commenced at 6:00 AM on October 2, under the direction of Russian […]

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ForkLog 12 01.10.2024

British Fraudster Dupes Over 250 Crypto Investors Out of $650,000

Over the past year, a British fraudster operating under the alias Ape_31 has stolen more than $650,000 in cryptocurrencies from over 250 users, according to on-chain detective ZachXBT. 1/ The UK scammer @ape_31 @60711 has stolen more than $650K from 250+ X users in the past year by posting fake PNL screenshots from a Bybit […]

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ForkLog 21 01.10.2024

Kazakhstan Shuts Down 19 Bitcoin Exchanges with Over $60 Million Turnover

Since the beginning of 2024, special units of Kazakhstan’s AFM have dismantled 19 cryptocurrency exchanges with a turnover exceeding $60 million. Representatives of the agency reported this during a meeting of the Council of Heads of Financial Intelligence Units (CHFIU). As part of the investigation, law enforcement froze digital assets valued at $1.2 million. During […]

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ForkLog 6 27.09.2024

FBI Accuses Crypto Entrepreneur of Bribery and Extortion

Adam Iza, head of the crypto trading platform Zort, allegedly paid three officers from the Los Angeles County Sheriff’s Department (LASD) $280,000 a month for illegal search warrants and access to police data, according to an FBI indictment. Admission that Iza paid $280,000 a month to police officers. Source: FBI. He is accused of using […]

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ForkLog 25 25.09.2024

Mining Farm Generating $300,000 in Two Years Shut Down in Astana

Experts from Kazakhstan’s AFM are investigating an illegal cryptocurrency mining operation. The farm, comprising nearly 1300 ASIC miners, was operating under the guise of an engine processing centre in Astana. According to case materials, from 2022 to May 2024, the suspects engaged in mining digital assets without the necessary license. The total value of the […]

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ForkLog 9 24.09.2024

South Korean Officers Allegedly Used Military Secrets as Collateral for Cryptocurrency Purchases

Several officers of the South Korean army allegedly used secret military passwords as collateral to secure loans for purchasing cryptocurrency. This was reported by local media, citing the Ministry of Defense. According to the ministry, active officers from a military unit in Chuncheon were unable to obtain funds from commercial banks, prompting them to turn […]

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ForkLog 11 23.09.2024

Bitcoin Exchange with 200 Million Ruble Turnover Shut Down in Moscow City

Moscow police have halted the operations of an illegal cryptocurrency exchange with a turnover exceeding 200 million rubles, according to the press service of the Russian Ministry of Internal Affairs. Investigators allege that a transnational group of criminals provided services for cashing out and transferring funds through banking operations, cash services for individuals, and selling […]

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ForkLog 11 20.09.2024

Chainalysis CEO: AI to Aid in Crypto Crime Investigations

In the coming five years, government prosecutors and tax authorities are expected to begin employing artificial intelligence to analyze blockchain and solve crimes. This perspective was shared by Michael Gronager, CEO of the analytics firm Chainalysis, as reported by Cointelegraph. “In a few years, cryptocurrencies will become more or less the only way to solve […]

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ForkLog 14 10.09.2024

MTS Uncovers Hundreds of Illegal Mining Farms in Russia

Since the beginning of 2024, MTS specialists have identified over a hundred illegal mining farms within the customer service areas in Russia. This was reported by Pavel Fedosov, head of the corporation’s IoT center, according to TASS. The MTS platform is capable of detecting meters that transmit understated readings and specific network segments using big […]

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ForkLog 18 10.09.2024

Singapore Investigates Worldcoin Account Sales, Arrests Made

Singaporean police are investigating seven individuals suspected of selling Worldcoin accounts and providing token trading services. This involves a potential breach of the Payment Services Act, reported Deputy Prime Minister Heng Swee Keat. According to the MAS, Worldcoin itself is not classified as a payment service, but those trading accounts and tokens of the project […]

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