Crimes | ForkLog

ForkLog 6 19.07.2024

Police Seize 500 Bitcoin Miners Near Irkutsk

Law enforcement in the Irkutsk region uncovered illegal cryptocurrency mining operations and confiscated the equipment. This was reported by the local department of the Investigative Committee of the Russian Federation. According to the investigation, residents of TSN “Molodezhnoye” and DNT “Uyutnoye” connected 500 ASIC miners to the power grids supplying the district’s population. The miners […]

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ForkLog 11 16.07.2024

Former Galaxy Interactive Head Loses $3.6 Million in Crypto Casino Venture

The former head of Galaxy Interactive, the venture arm of Mike Novogratz’s company, lost investor funds intended for the launch of the crypto casino Zero Edge. The sum amounts to $3.67 million out of a total $7 million, reports CoinDesk. Zero Edge founder Richard Kim suffered significant losses due to leveraged trading following a decline […]

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ForkLog 14 12.07.2024

Chainalysis Estimates $100 Billion in Laundered Cryptocurrency

Since 2019, crypto platforms have received digital assets worth approximately $100 billion from known illicit wallets, according to a report by Chainalysis. Our Money Laundering report reveals how bad actors now use crypto to launder funds from off-chain crimes — not just crypto-native crimes like ransomware. We explore advanced tracing techniques and how blockchain data […]

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ForkLog 75 10.07.2024

New Assets Seized from Police Linked to WEX Bribery Scandal

Former employees of the BST of the Russian Ministry of Internal Affairs, part of the K Department, Georgy Satyukov and Dmitry Sokolov, who are accused in absentia of accepting a bribe of 4.9 billion rubles in cryptocurrencies, have had new assets discovered. This was reported by Lenta.ru. At the request of the Investigative Committee, courts […]

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ForkLog 5 04.07.2024

Hong Kong Kidnappers Demand 660,000 USDT for Child’s Release

On July 3, a group orchestrated the abduction of a three-year-old boy from a Hong Kong shopping centre, demanding a ransom of 660,000 USDT. This was reported by local media. The incident was captured on CCTV, showing a man leading the child away while covering his mouth with a cloth. The kidnappers later contacted the […]

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ForkLog 14 27.06.2024

US Increases Reward for Information on OneCoin Founder to $5 Million

The US Department of State has raised the reward to $5 million for information leading to the arrest of OneCoin founder Ruja Ignatova. The Bulgarian-born German citizen has been on the FBI’s list of ten most wanted fugitives since June 2022. Initially, the agency set the reward for her capture at $100,000. In May 2023, […]

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ForkLog 23 26.06.2024

Former Hydrogen Executives Jailed for Cryptocurrency Manipulation

Former senior executives of the cryptocurrency project Hydrogen Technology Corp. have been sentenced in the United States to prison terms for manipulating the price of the Hydro token and defrauding investors. According to the Department of Justice, former CEO Michael Kane and former head of financial engineering Shane Hampton hired the external firm Moonwalkers Trading […]

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ForkLog 21 19.06.2024

Taiwanese Citizen Charged for Betting on Polymarket Crypto Platform

Prosecutors in Taiwan have charged a citizen named Chen for placing cryptocurrency bets on the outcomes of the country’s January elections via the prediction platform Polymarket, as reported by local media. According to the case details, Chen wagered 472.17 USDC on the victory of Taiwan People’s Party presidential candidate Ko Wen-je and $60.19 on the […]

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ForkLog 15 18.06.2024

Chinese Bank Executives Accused of Laundering $250 Million via Cryptocurrency

The private Chinese institution, Bank of Huludao, has uncovered a scheme involving the theft and laundering of 1.8 billion CNY (~$250 million) belonging to investors, implicating two of its senior executives. This was reported by The National Business Daily, citing court documents. According to the case materials, in August 2020, the bank’s former party secretary, […]

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ForkLog 22 17.06.2024

Money Laundering Scheme via e-CNY Uncovered in China

The Yuecheng District Prosecutor’s Office in Shaoxing City, Zhejiang Province, has investigated a case involving the use of digital yuan (e-CNY) accounts for cashing out and laundering money, according to local media reports. A group of four individuals located merchants accepting the central bank digital currency (CBDC) and arranged to exchange a certain amount of […]

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ForkLog 5 17.06.2024

Hackers Funnel $4.3 Million from Remilia into Tornado Cash

Assets amounting to 1209.5 ETH (~$4.3 million), stolen from the Remilia DAO treasury, have been transferred to the cryptocurrency mixer Tornado Cash, according to experts at CertiK. #CertiKInsight ? We have seen a deposit of a total of 1209.5 ETH (~$4.3M) into https://t.co/0lwPdz0OWi that was traced to multiple compromised addresses in the Remilia incident on […]

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ForkLog 9 07.06.2024

New York Prosecutor Accuses Two Crypto Firms of $1 Billion Fraud

The New York State Attorney General’s Office, led by Letitia James, has filed a lawsuit against NovaTechFx and AWS Mining, accusing them of fraud and deceiving investors. We’re suing cryptocurrency companies @novatechfx and AWS Mining for defrauding investors out of over one billion dollars. They used prayer groups and social media apps to target Haitian […]

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