Crimes | ForkLog

ForkLog 141 08.08.2025

CrediX Team Disappears Following $4.5 Million Hack

Developers of the DeFi protocol CrediX, based on Sonic, have executed an exit scam, according to experts at CertiK. #CertiKInsight 🚨 Following the incident that resulted in a $4.4M loss, the @CrediX_fi team has disappeared. X account is inactive, and the website hasn’t been brought back online since August 4. pic.twitter.com/ymWoupVaZL — CertiK Alert (@CertiKAlert) […]

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ForkLog 147 07.08.2025

HashFlare Founders Plead for Leniency in $577 Million Fraud Case

Sergey Potapenko and Ivan Turygin, the founders of the cloud mining service HashFlare, have requested the court to consider their already served 16-month sentence. U.S. prosecutors are pushing for a 10-year prison term for orchestrating a $577 million Ponzi scheme, reports Cointelegraph. On August 6, investigators submitted a memorandum to the federal court in Seattle. […]

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ForkLog 130 06.08.2025

Cryptocurrency Investor Loses $3 Million with a Single Click

A user signed a malicious transaction without verifying the smart contract address, resulting in a loss of $3.05 million, according to analysts at Lookonchain. Someone fell victim to a phishing attack, signed a malicious transfer, and lost 3.05M $USDT! Stay alert, stay safe. One wrong click can drain your wallet. Never sign a transaction you […]

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ForkLog 80 01.08.2025

PeckShield Reports $142 Million in Crypto Losses from Hacks in July

In July, the cryptocurrency industry suffered losses amounting to $142 million due to 17 hacking incidents. This marks a 27% increase from June, when losses were reported at $111 million, according to PeckShield. #PeckShieldAlert In July 2025, ~17 major crypto hacks were recorded, resulting in total losses of $142M—a 27.2% increase (from $111.6M in June). […]

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ForkLog 127 31.07.2025

Telegram’s Attempt to Block Huione Proves Ineffective, Says TRM Labs

In May, the messaging platform Telegram blocked the channels Huione Guarantee and Xinbi Guarantee, through which $35 billion in USDT was laundered. However, this did not reduce the overall activity of the extensive network of Chinese darknet platforms, according to analysts at TRM Labs. According to experts, in 2024, the peak daily volume of incoming […]

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ForkLog 175 15.07.2025

Abacus Market Suspected of $12 Million Exit Scam

The website of Abacus Market, one of the largest darknet marketplaces, has unexpectedly gone offline. After users complained about payout delays, the platform’s administrators ceased communication, according to analysts at TRM Labs.

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ForkLog 100 13.07.2025

MoonPay Executives Fall Victim to $250,000 Scam by Fake Steve Witkoff

The US Department of Justice inadvertently revealed the identities of victims of a Nigerian scammer who stole over $250,000. The victims were top executives at MoonPay, reports NOTUS. According to a statement on the seizure of frozen 40,350 USDT, two victims sent money to an individual impersonating Steve Witkoff, a special envoy of the United […]

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ForkLog 100 11.07.2025

Czechia’s bitcoin scandal: money-laundering or mere mismanagement?

In mid-June the Czech parliamentary opposition tabled a no-confidence motion against the government after the Ministry of Justice sold nearly 500 BTC donated by a convicted criminal (~$45m at the time of sale). ForkLog examines how the scandal could reshape the country’s political landscape. Background The affair is closely tied to the investigation of the […]

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ForkLog 97 06.07.2025

Tether Dubbed ‘Money Launderer’s Dream Currency’ by Media

The founders of Tether may have envisioned USDT as a tool for financial inclusion and a gateway to the crypto market, but the stablecoin has ultimately facilitated the movement of funds beyond regulatory oversight, writes The Economist. The arrest of a courier carrying £250,000 by British police in November 2021 exposed a large-scale money laundering […]

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ForkLog 24 24.06.2025

Bitmama Sentenced to Seven Years in Prison

The Presnensky District Court of Moscow has sentenced Valeria Fedyakina, known by the alias Bitmama, to seven years in a general regime colony for fraud. This was reported by TASS. Fedyakina was found guilty under Part 4 of Article 159 of the Criminal Code of the Russian Federation (fraud on a particularly large scale). The […]

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ForkLog 151 16.06.2025

Myanmar’s digital slavery: inside the scam‑factory network

Wracked by civil war, Myanmar has become one of the world’s biggest hubs of cybercrime. In recent years, hundreds of thousands of foreigners, lured by ads for well-paid jobs, have been abducted and forced to work in scam call centres. These scam compounds are mushrooming along the Thai border and generate tens of billions of […]

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ForkLog 40 12.06.2025

Hong Kong Authorities to Develop AML Tool for Cryptocurrencies

Hong Kong Customs has announced the development of a tool aimed at tracking cryptocurrency transactions linked to money laundering. This was reported by SCMP. The agency is collaborating with the University of Hong Kong to create the software. Mario Wong Ho-yin, Assistant Commissioner for Intelligence and Investigation at the Customs and Excise Department, expressed the […]

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