Crimes | ForkLog

ForkLog 274 31.08.2025

Binance Aids in Freezing $47 Million in Fraudulent Assets

Law enforcement agencies in the Asia-Pacific region have frozen nearly $50 million in illicit funds with the assistance of Binance, Chainalysis, and other crypto industry participants.

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ForkLog 360 24.08.2025

South Korean Accused of Laundering $50 Million by Converting Bitcoin to Gold

Authorities in Thailand have arrested a South Korean national accused of laundering 1.6 billion baht (~$50 million) for a call centre gang. He allegedly exchanged cryptocurrency for gold bars.

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ForkLog 141 13.08.2025

Do Kwon Admits to Fraud Charges

Co-founder of Terraform Labs, Do Kwon, has admitted guilt to criminal charges of fraud and conspiracy, according to Reuters, citing court documents. During the hearing, Kwon apologized for his actions. “I made false and misleading statements. I did not disclose the trading firm’s role in restoring the peg. What I did was wrong,” he said. […]

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ForkLog 164 11.08.2025

KYC Data Breaches Fuel Rise in Attacks on Crypto Investors

Alena Vranova, founder of SatoshiLabs, has reported an increase in physical attacks on cryptocurrency holders. She made this statement at the Baltic Honeybadger 2025 conference in Riga. According to her, criminals are kidnapping and torturing individuals to obtain their private keys. Vranova noted that even small-scale investors are being targeted. “At least one Bitcoiner is […]

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ForkLog 151 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 158 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 147 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 91 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 151 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 206 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 121 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 119 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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