Crimes | ForkLog

ForkLog 19 10.04.2024

Founder of ACE Exchange Charged with $10.7 Million Fraud

Taiwanese prosecutors have charged David Pan, the founder of local cryptocurrency exchange ACE Exchange, and six accomplices with money laundering and fraud amounting to at least $10.7 million. According to the authorities, the trading platform managed the Alfred Wallet app and A+Card through an offshore entity. Users deposited cryptocurrencies into accounts, which the exchange’s team […]

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ForkLog 12 10.04.2024

Illegal Cryptocurrency Mining Farms Shut Down in Novosibirsk

Specialists from “Rosseti Novosibirsk,” in collaboration with the police, discovered four cryptocurrency mining farms illegally connected to the power grid. The premises housing the ASIC miners were scattered across the city — near sewage treatment facilities, in a forested area on the outskirts of the Leninsky district, near the city dump on the left bank, […]

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ForkLog 12 10.04.2024

Bitcoin Extortionists Abduct Businessman from English Golf Course

The St Albans Crown Court is examining the case of a suspect accused of kidnapping a Chinese businessman for cryptocurrency extortion, as reported by BBC. According to court documents, the attack took place on October 24, 2023, in Hertfordshire. The victim, 30-year-old entrepreneur Dylan Huang, was playing golf with three women when five armed individuals […]

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ForkLog 8 09.04.2024

Trial Begins for Alleged Mango Markets Attacker in the US

On April 9th, a federal court in New York commenced proceedings against Avraham Eisenberg, suspected of orchestrating an attack on the DeFi project Mango Markets in 2022, resulting in the extraction of digital assets worth $116 million. The trial was initially scheduled for December 4, 2023, but was postponed at the defense’s request. Eisenberg was […]

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ForkLog 24 05.04.2024

Russian Arrested in Thailand for Illegal Cryptocurrency Exchange

Thai police have arrested a 36-year-old Russian national, Ibragim Gaitukiev, for illegally providing cryptocurrency exchange services, according to the Bangkok Post. The publication reports that the man was identified through online advertisements. The phone numbers listed in the ads, registered on WhatsApp, were linked to bank accounts belonging to Gaitukiev and his partner, Maxim Varyukhin. […]

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ForkLog 13 03.04.2024

URF Meme Token Developers Execute $450,000 Rug Pull

The team behind the meme coin URF vanished with 2400 SOL (~$450,000) collected during the token’s presale, as reported by on-chain researcher ZachXBT. Influencer @BryceHall made multiple posts promoting a sketchy Solana presale for a meme coin called URF helping them raise ~2400 SOL ($450k). The team disappeared less than 24 hrs after launch and […]

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ForkLog 35 03.04.2024

FixedFloat Suffers $2.8 Million Loss in Second Hack of the Year

The cryptocurrency exchange FixedFloat has been targeted by a second attack this year. Experts have assessed the damage at no less than $2.8 million. On April 1, we were again attacked by the attackers who were behind the February 16 hack. The attackers did not stop there and continued to use various methods to try […]

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ForkLog 4 01.04.2024

Crypto Projects Recover $99 Million of Stolen Funds in March, Reports PeckShield

In March, the cryptocurrency sector suffered losses amounting to $187 million due to hacks. This figure represents a 48% decrease compared to the previous month, according to PeckShield. #PeckShieldAlert March 2024 witnessed 30+ hacks in the crypto space, resulting in ~$187.29 million in losses, with ~$98.8 million recovered. This marks a decrease of ~48% from […]

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ForkLog 14 29.03.2024

TRM Confirms TRON’s Dominance in Illicit Crypto Transactions

In 2023, the TRON blockchain accounted for 45% of all illicit cryptocurrency transactions. This primarily involved the USDT stablecoin from Tether, according to TRM Labs experts. Our Illicit Crypto Economy Report covers eight key trends we’re tracking from 2023, including a drop in overall illicit volume year-on-year. Get your copy here: https://t.co/zAVIymATB5. — TRM Labs […]

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ForkLog 21 28.03.2024

Co-founder of Defunct QuadrigaCX Ordered to Disclose Asset Origins

The Supreme Court of British Columbia (Canada) has demanded that Michael Patryn, co-founder of the defunct cryptocurrency exchange QuadrigaCX, explain the origins of his personal assets, including luxury items. “The international criminal activities of Quadriga Coin Exchange (QuadrigaCX) resulted in thousands of people losing their savings,” stated Canada’s Minister of Public Safety and Solicitor General, […]

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ForkLog 10 27.03.2024

Kazakhstan Shuts Down Bitcoin Exchange with $1.35 Million Revenue

In the city of Kostanay, authorities have halted the operations of an unlicensed cryptocurrency online exchange. This was reported by the AFM. According to the case materials, since 2020, two Kazakhstani citizens have been processing user requests through a cryptocurrency exchange website they created. During a search, law enforcement officers seized system units, laptops, and […]

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ForkLog 8 27.03.2024

South Korean Fraudsters Swindle $4.1 Million in Cryptocurrency Scam

Busan police have apprehended two individuals for defrauding an elderly citizen of 5.5 billion won ($4.1 million) under the guise of cryptocurrency investments, as reported by local media. According to the case materials, the victim was promised a 70% return on monthly investments of 1 billion won. From September to December 2022, the fraudsters received […]

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