Crimes | ForkLog

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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ForkLog 21 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 […]

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ForkLog 10 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 […]

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ForkLog 25 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 […]

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ForkLog 9 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 […]

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ForkLog 12 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 […]

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ForkLog 12 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 […]

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ForkLog 51 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 […]

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ForkLog 36 18.03.2024

Milady Founder Reports NFT Wallet Breach

Charlotte Fang, founder of NFT projects Milady and Remilia, has confirmed a security breach of treasury addresses resulting in losses amounting to millions of dollars. Remilia treasury appears to have been drained Assets from multiple official Remilia wallets have been moved to the address below and are being sold off 0x778Be423ef77A20A4493f846BdbcDDfc30252cE9 pic.twitter.com/AgwmVwWIE4 — Dumpster DAO […]

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ForkLog 21 07.03.2024

Founder of Braiscompany Arrested in Argentina for Alleged Ponzi Scheme

The founder of Braiscompany, Inacio Da Silva Neto, and his wife, Farias Campos, have been arrested in Argentina for allegedly running a cryptocurrency Ponzi scheme that defrauded Brazilian investors of $400 million, according to Metaverse Post. In 2023, Interpol issued an arrest warrant for Da Silva Neto on charges of money laundering and crimes against […]

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ForkLog 14 06.03.2024

WOOFi DeFi Platform Suffers $8.75 Million Loss in Cyber Attack

The team behind the decentralized exchange WOOFi has reported an exploit of its swap service on the Arbitrum L2 network, resulting in a loss of $8.75 million. Earlier today we identified an exploit of WOOFi Swap on Arbitrum. Within 13 minutes, the threat had been contained and we marked all other WOO contracts as safe. […]

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