Crimes | ForkLog

ForkLog 44 26.05.2025

Offline Threats: Kidnappings of Crypto Entrepreneurs and Security Measures

Incidents of kidnapping targeting crypto entrepreneurs have become more frequent worldwide, with criminals aiming to seize their digital assets. We explore the reasons behind this crime wave and how public figures are safeguarding themselves. Attacks in France According to data from Casa co-founder and CTO Jameson Lopp, at least six attacks on crypto entrepreneurs or […]

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ForkLog 33 19.05.2025

Criminals Target Families of Crypto Entrepreneurs

Executives of cryptocurrency firms are increasingly concerned about the rising number of attacks aimed at kidnapping and extorting digital assets, prompting them to hire bodyguards. This is reported by WSJ. On May 13, in the Paris district of Le Marais, the daughter of Paymium crypto exchange founder Pierre Noizat was attacked by three masked individuals. […]

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ForkLog 11 12.05.2025

Electricity Theft for Cryptocurrency Mining Surges 300% in Malaysia

Over four years, the number of electricity thefts by illegal cryptocurrency miners has surged nearly 300%, according to local media citing Tenaga Nasional Berhad (TNB). The country’s largest electricity company reported 610 theft cases in 2018, rising to 2397 by 2024. TNB conducts raids to curb illegal mining in collaboration with police and local authorities. […]

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ForkLog 25 11.05.2025

Teenagers in Las Vegas Accused of Kidnapping and Robbing Crypto Investor

Three teenagers in the United States have been charged with kidnapping, extortion, and stealing crypto assets worth $4 million, according to local outlet 8 News Now. Authorities have arrested two of the alleged perpetrators, both 16-year-old residents of Florida. It is reported that a court had previously recognized the youths as adults. The third participant […]

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ForkLog 46 09.05.2025

Zerebro Developer Stages Suicide Hoax

The founder of Zerebro, Jeffy Yu, was found alive at his parents’ home three days after a video of his “suicide” was released. This was reported by the San Francisco Standard. The fake death of the 22-year-old creator of Legacoin (LLJEFFY) triggered a 2115% surge in the meme coin’s value, with its market capitalization soaring […]

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ForkLog 11 09.05.2025

Virginia Man Sentenced to 30 Years for Crypto Transfers to Terrorists

Mohammed Azharuddin Chhipa, a 35-year-old resident of Virginia, will spend 30 years and four months in prison for transferring $185,000 in cryptocurrency to the terrorist group ISIS, reported the US Department of Justice. Source: TRM. From 2019 to 2022, Chhipa raised funds through social media and personal meetings, converted them into cryptocurrency, and transferred them […]

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ForkLog 118 09.05.2025

German Authorities Shut Down eXch Platform, Seize €34 Million in Assets

On April 30, German law enforcement shut down the cryptocurrency exchange platform eXch and confiscated assets worth €34 million. The service, operational since 2014, had its servers located in Germany. Users could anonymously exchange Bitcoin, Ethereum, Litecoin, and Dash without identification. This made eXch a popular tool for money laundering, according to the Frankfurt General […]

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ForkLog 68 05.05.2025

Kidnappers of Crypto Businessman’s Father Arrested in France

French police have freed the father of an entrepreneur allegedly linked to the crypto industry. The perpetrators demanded a ransom ranging from €5 million to €7 million, according to local media. Prosecutors stated that the kidnappers severed the hostage’s finger. Five suspects, including the driver, have been detained. The family did not pay the ransom. […]

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ForkLog 31 02.05.2025

Kraken Uncovers North Korean Spy Among Job Applicants

A North Korean hacker attempted to infiltrate the ranks of Kraken’s developers by posing as a candidate for an engineering position. According to the team’s report, the applicant immediately raised suspicions. He joined the initial online interview under a name different from the one on his resume, but quickly changed it. During the conversation, the […]

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ForkLog 17 24.04.2025

US Prosecutors Seek Eight-Year Sentence for Mango Markets Attacker

Prosecutors from the Southern District of New York have requested a prison sentence of 78 to 97 months for Avraham Eisenberg, found guilty in the attack on the DeFi project Mango Markets in 2022. The hearing is scheduled for May 1. “This sentence is necessary, among other things, to properly reflect the seriousness of the […]

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ForkLog 134 23.04.2025

SEC Accuses PGI Global CEO of $198 Million Cryptocurrency Fraud

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against PGI Global CEO Ramil Palafox, accusing him of orchestrating a cryptocurrency pyramid scheme that amassed $198 million from clients. According to the regulator, from January 2020 to October 2021, the company sold “membership packages” promising returns of up to 200%. These products were […]

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ForkLog 26 21.04.2025

UN Expresses Concern Over Money Laundering via Cryptocurrency Mining

Transnational criminal groups from East and Southeast Asia are rapidly expanding their operations, using illegal cryptocurrency mining as a “powerful tool” to launder billions in illicit profits, according to a report by the UNODC. Cyberfraud in the Mekong reaches inflection point, @UNODC reveals: https://t.co/I5pS6mDTlR pic.twitter.com/xkAvG9PyA4 — UNODC Southeast Asia-Pacific (@UNODC_SEAP) April 21, 2025 The document, […]

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