Crimes | ForkLog

ForkLog 17 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 25 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 35 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 28 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 31 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 11 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 13 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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ForkLog 8 05.06.2024

NFT scams: common schemes and how to protect yourself

As the market for non-fungible tokens (NFT) has grown, so too have scams. From fake projects to phishing attacks, fraudsters keep finding new ways to dupe credulous investors. Grigory Osipov, director of investigations at “ШАРД”, told ForkLog about the most widespread NFT frauds and shared tips on safeguarding assets. Types of NFTs Artworks Trading in […]

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ForkLog 20 05.06.2024

Mass Arrest of Bybit P2P Traders in Moscow Reported by Lawyers

In Moscow, law enforcement has detained over ten clients of the cryptocurrency exchange Bybit, who were conducting P2P transactions on the platform and inadvertently became counterparts to those who embezzled funds from a monastery. This was reported by the legal agency Cartesius. According to their information, the situation is linked to the embezzlement of 26.4 […]

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ForkLog 9 04.06.2024

Utah Woman Faces Trial Over Bitcoin-Funded Murder Plot

A 23-year-old resident of Salt Lake City, Utah, Krista Renee Stone, paid $5000 in Bitcoin as a down payment for a contract killing. On June 15, the court will deliver its verdict in her case. Stone has pleaded guilty to planning the crime. According to the US Department of Justice, from March to September 2023, […]

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ForkLog 10 04.06.2024

Media Executive Accused of $67 Million Cryptocurrency Fraud

The U.S. Department of the Treasury has charged Bill Guan, the Chief Financial Officer of the international media company Epoch Times, with orchestrating a scheme to launder at least $67 million in illicit funds through cryptocurrencies. According to the case documents, from 2020 to May 2024, Guan established a team called Make Money Online in […]

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ForkLog 77 04.06.2024

New Insights Emerge on the Possible Death of OneCoin Founder Ruja Ignatova

While there is no conclusive evidence of the death of OneCoin pyramid scheme founder Ruja Ignatova, it is highly likely she is deceased. This was stated by former IRS investigator Richard Reinhardt in an interview with the BBC. In February 2023, the BIRD project, citing Bulgarian police documents, reported that the entrepreneur was killed in […]

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