Crimes | ForkLog

ForkLog 75 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 94 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 138 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 69 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 73 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 78 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 21 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 109 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 33 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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ForkLog 99 12.06.2025

Killer decentralisation

In September 2023 the OFAC officially acknowledged the Sinaloa cartel’s use of cryptocurrencies. That same year, China’s largest underground labs producing drug precursors received more than $26 million in digital assets. In the first four months of 2024, the volume doubled. This ForkLog feature explores how crypto is being adopted across the black economy, the […]

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ForkLog 169 09.06.2025

Bitcoin Family Secures Crypto Keys Across Four Continents

Didi Taihuttu, known as the head of the “Bitcoin Family,” has radically changed his approach to asset storage due to a surge in offline crimes targeting cryptocurrency holders, reports CNBC. The Taihuttu family gained fame in 2017 when they sold all their possessions and invested in Bitcoin. Over the past eight months, they have abandoned […]

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ForkLog 24 28.05.2025

Arrests Made in Three Countries Over Bitcoin Extortion Allegations

Over the past week, law enforcement agencies in the United States, South Korea, and France have detained individuals suspected of targeting cryptocurrency holders for extortion. New York, USA According to AP, on May 27, a 32-year-old cryptocurrency entrepreneur from Miami, William Duplessis, surrendered to New York police. He faces charges of kidnapping, assault, unlawful imprisonment, […]

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