Crimes | ForkLog

ForkLog 14 04.03.2024

Crypto Project Losses from Hacks and Scams Drop to $67 Million in February

In February, the cryptocurrency industry suffered losses of approximately $67 million due to hacker attacks and fraud across 12 different incidents, according to a report by Immunefi. Data: Immunefi. The damage was roughly half of January’s figure of ~$126.8 million. In February, nearly all losses were attributed to hacks of the gaming platform PlayDapp ($32.35 […]

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ForkLog 7 04.03.2024

Nigerian Authorities Summon Binance CEO for Questioning

The Nigerian House of Representatives Committee on Financial Crimes has summoned Binance cryptocurrency exchange CEO Richard Teng to appear before the agency by March 4 to testify regarding alleged terrorism financing and money laundering. This was reported by local media. Committee Chairman Ginger Onwusibe expressed the intention to protect Nigerians from financial crimes, particularly those […]

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ForkLog 27 26.02.2024

Speculation of Hack or Scam at BitForex Exchange Involving $56 Million

On February 23, approximately $56.5 million was withdrawn from the hot wallets of the cryptocurrency exchange BitForex, noted on-chain researcher ZachXBT. Seeing some suspicious activity with the crypto exchange @bitforexcom. On Feb 23 their hot wallets saw outflows of ~$56.5M. Shortly after this time withdrawals stopped processing with no official announcements having been made since. […]

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ForkLog 13 26.02.2024

Bitcoin Miner Thieves Apprehended After Chase in Irkutsk

Traffic police in Irkutsk have apprehended serial thieves of cryptocurrency mining equipment, according to the local Ministry of Internal Affairs. The latest report of stolen ASIC miners was filed on December 25, 2023, by the owner of a tire repair shop where the devices were stored. During the investigation, law enforcement identified the suspects as […]

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ForkLog 13 26.02.2024

OTCPro User Disappears with $650,000 After Error

An Australian cryptocurrency exchange, OTCPro, mistakenly credited user Koh Seng Chai with $653,000 instead of $65,300. He withdrew most of the funds and vanished, according to ABC News, citing court documents. The incident occurred in January when an internal glitch turned 99,500 AUD into 995,000 AUD. The exchange’s management discovered the error on January 4 […]

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ForkLog 27 19.02.2024

FixedFloat Cryptocurrency Exchange Hacked for $26 Million

The team at cryptocurrency exchange FixedFloat has confirmed a hack resulting in losses of at least $26 million in Bitcoin and Ethereum. Hello, We confirm that there was indeed a hack and theft of funds. We are not yet ready to make public comments on this matter, as we are working to eliminate all possible […]

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ForkLog 48 16.02.2024

YouTuber KSI Accused of XCAD Token Pump and Dump; Project Founder Defends Him

On-chain analyst ZachXBT has accused YouTuber KSI of price speculation involving digital assets, including the XCAD token. Remember when KSI posted “All of a sudden, my $XCAD bag is looking juicy again. #HodlGang” Then proceeded to dump $850,000 worth of XCAD over the following days from his wallet address. https://t.co/qAEIRYGTMd pic.twitter.com/Gn6LMybQia — ZachXBT (@zachxbt) February […]

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ForkLog 52 14.02.2024

Uniswap Founder Exposes New ENS Domain Scam

Hayden Adams, the creator of the decentralized exchange Uniswap, has highlighted a new attack vector targeting cryptocurrency users through the Ethereum Name Service (ENS). first time I’ve seen this scam, so posting it as a heads up for users and interfaces someone bought the ens “[myEthereumAddress].eth” so when you paste in my address, the top […]

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ForkLog 15 14.02.2024

FinCEN Reports Rise in Bitcoin Use for Human Trafficking

The United States Financial Crimes Enforcement Network (FinCEN) has released a report indicating an increase in the use of cryptocurrencies in global crimes related to human trafficking and child sexual exploitation during 2020-2021. The agency’s analysis referenced data from financial companies. During the specified period, they collectively recorded 2311 instances of transactions for these illegal […]

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ForkLog 16 14.02.2024

PlayDapp Gaming Platform Suffers $290 Million Loss in Dual Exploits

On February 12th, a hacker executed a second breach of the PlayDapp blockchain gaming platform, minting 1.59 billion PLA tokens valued at $253.9 million at market price. ? ICYMI: #Crypto gaming and #NFT platform PlayDapp loses $290 million worth of tokens in two exploits, hacker minted 1.79 billion $PLA tokens worth over $290 million through […]

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ForkLog 9 07.02.2024

Illegal Cryptocurrency Miners Uncovered in Former Boiler House Near Novosibirsk

In the Novosibirsk region, police officers, in collaboration with energy specialists, have shut down an illegal mining farm comprising 100 devices. This was reported by AO “RES”. The equipment was located in a building that once served as a boiler house in the settlement of Chernorechensky, near Iskitim. In addition to the connected ASIC miners, […]

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ForkLog 7 07.02.2024

CEO of Bitsonic Sentenced to Seven Years for Fraud

The CEO of South Korean cryptocurrency exchange Bitsonic, Jinwook Shin, has been sentenced to seven years in prison for his involvement in a fraudulent scheme amounting to 10 billion won ($7.5 million), according to local media. Court documents reveal that from January 2019 to May 2021, Shin artificially inflated trading volumes on the exchange and […]

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