Crimes | ForkLog

ForkLog 47 19.08.2024

Kidnapping Linked to BitConnect Scandal in India

Indian law enforcement arrested a man suspected of kidnapping two employees of the defunct financial pyramid BitConnect and extorting $125 million in cryptocurrencies. According to the investigation, Ahmedabad resident Shailesh Babulal Bhatt fell victim to the fraudulent scheme by purchasing the native coin of the BitConnect project. In an attempt to “recover his investment,” he, […]

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ForkLog 11 16.08.2024

Ukrainian Blogger Suspected of Tax Evasion via Cryptocurrency

Officials from Ukraine’s BEB have reported suspicions against a well-known blogger-arbitrator for evading over 213 million hryvnias ($5.1 million) in taxes. His assets have been frozen. According to the case materials, the suspect, along with acquaintances, established a commercial company to conduct internet traffic arbitrage, promoting various goods and services. Their clients included online casinos, […]

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ForkLog 7 15.08.2024

Bitcoin Ransom Kidnappers Arrested in Malaysia

Six Malaysian residents have been charged with kidnapping a Chinese national and his companion, demanding a ransom of $1.1 million in bitcoin. This was reported by local media. According to the case materials, the incident occurred on July 11. The victims were attacked at a highway exit near the city of Cyberjaya. They were held […]

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ForkLog 9 12.08.2024

Ukrainian Official Accused of Illegal Cryptocurrency Mining

The head of a municipal enterprise in Chernihiv has been accused of stealing electricity for cryptocurrency mining and other illicit enrichment schemes. This was reported by the National Police of Ukraine. Law enforcement discovered a mining farm in a technical room behind the elevator on the premises of the municipal enterprise. According to the investigation, […]

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ForkLog 32 08.08.2024

Kazakhstan Cracks Down on Illegal Cryptocurrency Operations Worth $75.4 Million

Special units of Kazakhstan’s AFM identified 18 crimes related to illegal cryptocurrency operations and mining, with a total turnover exceeding 36 billion tenge ($75.4 million). In 2024, six convictions were handed down for illegal trading of digital assets. During the pre-trial investigation of these cases, assets worth a total of 1.2 billion tenge ($2.51 million) […]

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ForkLog 15 04.08.2024

Ukrainian National Guard Soldiers Implicated in Cryptocurrency-Related Murder in Kyiv

A foreign national, murdered in Kyiv over digital assets, was allegedly kidnapped by members of Ukraine’s National Guard. This was reported by Strana, citing sources within law enforcement. According to these sources, one of the soldiers proposed a cryptocurrency transaction to the victim. He then allegedly informed three fellow servicemen that the foreigner had assaulted […]

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ForkLog 20 29.07.2024

British Hacker Sentenced to 3.5 Years for Stealing $900,000 from Coinbase Users

The Norwich Crown Court in the United Kingdom has sentenced Elliott Gunton to 3.5 years in prison for his role in a hacking conspiracy aimed at stealing funds from clients of the cryptocurrency exchange Coinbase. This was reported by Norwich Evening News. The 24-year-old defendant, along with accomplices, gained access to login data for over […]

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ForkLog 17 29.07.2024

Foreign National Murdered in Kyiv Over Bitcoin

The Kyiv police are investigating the kidnapping and murder of a foreign national aimed at seizing his cryptocurrency worth approximately 7 million hryvnias (over $170,000). According to the case materials, four perpetrators abducted a 29-year-old man from his home in the Solomianskyi district of the capital and took him to an abandoned building in the […]

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ForkLog 37 24.07.2024

Co-founder of DEBT Box Alleges Brother’s Kidnapping and $400 Million Theft

Jacob Anderson, an executive at the mining company DEBT Box, has alleged the kidnapping of his brother and co-founder, Jason Anderson. This was reported by Fortune. According to available information, in March 2024, Jason Anderson was attending a business meeting in Dubai but was unable to leave the UAE. After interacting with airport staff, he […]

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ForkLog 9 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 24 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 29 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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