Crimes | ForkLog

ForkLog 2 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 […]

AI translated

ForkLog 9 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 […]

AI translated

ForkLog 16 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, […]

AI translated

ForkLog 9 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 […]

AI translated

ForkLog 6 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 […]

AI translated

ForkLog 8 26.03.2024

Elizabeth Warren Labels Cryptocurrency a Tool for Fraudsters

Cryptocurrency aids rogue states, terrorists, and criminal organizations on an unprecedented scale, according to Senator Elizabeth Warren during a hearing in the Senate Armed Services Committee. She stated this in her remarks. “Cryptocurrency is a way to fund these things. It helps rogue states, terrorists, and criminal organizations sustain their operations,” she declared. Warren was […]

AI translated

ForkLog 6 22.03.2024

Heco Bridge Hackers Launder $145 Million Through Tornado Cash

Hackers who breached the cross-chain Heco Bridge in 2023 laundered approximately 40,392 ETH through the mixing service Tornado Cash. This was highlighted by experts at PeckShield. #PeckShieldAlert As of today (22 Mar. 2024, UTC), #HECOBridge exploiters — labeled addresses — have transferred ~$40,391.8 $ETH (equivalent to ~$145.7m) to #TornadoCash within the last 8 days pic.twitter.com/ZfrDvbRQCm […]

AI translated

ForkLog 14 21.03.2024

British Woman Convicted of Laundering $6 Billion in Bitcoin

A London jury has found 42-year-old Jian Wen guilty of laundering $6 billion in bitcoin linked to fraud in China, according to Bloomberg. Between 2017 and 2022, the accused assisted in legitimizing criminal funds for one Zhimin Qian, whom prosecutors described during hearings as a “supervillain.” Investigators claim the fraudulent scheme in China defrauded over […]

AI translated

ForkLog 7 20.03.2024

Ukrainian Police Halt Cryptocurrency-Funded Border Escape

In the village of Hradenytsi, Odesa region, police intercepted two vehicles carrying a group of men attempting to illegally cross the border into Moldova. This was reported by the press service of the department. According to law enforcement, the transportation was organized by a resident of Odesa and a Donbas native previously convicted of theft […]

AI translated

ForkLog 7 20.03.2024

Bitcoin Miners Seized by Police Stolen in Moscow Region

The Investigative Committee of the Moscow Region has initiated a criminal case against unidentified officers of the Ministry of Internal Affairs, from whom seized cryptocurrency miners were stolen. This was reported by Kommersant. According to the case materials, 68 ASIC miners and other equipment were confiscated by police in April 2022 during a raid in […]

AI translated

ForkLog 7 19.03.2024

Irkutsk Region to Prosecute Owner of 214-Device Mining Farm

The Cheremkhovo city prosecutor’s office approved an indictment against a 35-year-old local resident involved in cryptocurrency mining. According to the investigation, from January to February 2023, the man installed 214 ASIC miners in a rented non-residential space and illegally connected them to a nearby transformer substation. Source: Irkutsk Region Prosecutor’s Office. The operation of the […]

AI translated

ForkLog 32 18.03.2024

WEX ‘Red Admin’ Verdict Upheld by Moscow Court

On March 18th, the Moscow City Court reviewed an appeal by Alexey Bilyuchenko (Ivanov), the system administrator of the cryptocurrency exchange WEX, against a previous guilty verdict. This was reported by journalist Irek Murtazin. The final statement of Alexey Bilyuchenko (Ivanov). Source: Irek Murtazin’s Telegram channel. Bilyuchenko is accused of embezzling 3.1 billion rubles of […]

AI translated

#Crimes