Crimes | ForkLog

ForkLog 8 06.03.2024

Kyiv Cyberpolice Dismantle Cryptocurrency Arbitrage Scheme

Kyiv’s Cyberpolice have dismantled a criminal organization whose members were seizing citizens’ cryptocurrencies. The scheme was orchestrated by two residents of the Kyiv region, who enlisted seven individuals from Kyiv, Zhytomyr, Vinnytsia, and Rivne regions. Most of the participants had known each other since childhood. They promoted cryptocurrency earnings through Telegram channels and set up […]

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ForkLog 39 05.03.2024

Kaliningrad Court Sentences Crypto Investor’s Kidnappers

Two residents of the Kaliningrad region have been found guilty of kidnapping, extortion, car theft, robbery, and attempted murder, according to a statement by the local Investigative Committee. In September 2021, they kidnapped a Kaliningrad resident who had substantial cryptocurrency savings. They held him for nearly a day in an undisclosed location, where they coerced […]

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ForkLog 17 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 29 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On February 23, approximately $56.5 million was withdrawn from the hot wallets of the cryptocurrency exchange BitForex, noted on-chain researcher ZachXBT.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 14 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 20 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 41 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 55 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 59 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 18 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 20 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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