Crimes | ForkLog

ForkLog 143 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 46 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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ForkLog 41 19.04.2025

HashFlare Founders Ordered to Leave U.S. Despite Court Ruling

The founders of the cloud mining service HashFlare, Sergei Potapenko and Ivan Turygin, have received notifications from the U.S. Department of Homeland Security (DHS) demanding they leave the country, contrary to court instructions. This was reported by their lawyers. In November 2022, the entrepreneurs were arrested by Estonian authorities at the request of the FBI. […]

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ForkLog 44 18.04.2025

Brazilian Crypto Pyramid Scheme Leader Sentenced to 128 Years in Prison

The orchestrator of the Brazilian cryptocurrency Ponzi scheme Braiscompany, Joel Ferreira de Souza, has been sentenced to 128 years, five months, and 28 days in prison, according to local media. The court found him guilty of 11 counts of money laundering. Braiscompany attracted over $189 million from 20,000 investors. The case involved two other individuals. […]

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ForkLog 56 16.04.2025

Kazakh Authorities Seize 1,257 ASIC Miners from Fake Motor Centre

A court in Kazakhstan has sentenced three organisers of a mining farm disguised as an engine processing centre in Astana. This was reported by the Financial Monitoring Agency (FMA). According to the case materials, from 2022 to May 2024, the suspects engaged in cryptocurrency mining without the necessary license. This activity earned them 143.2 million […]

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ForkLog 79 15.04.2025

ZKsync Faces Plunge After $5 Million Token Theft

The ZKsync security team has identified a breach of an administrative account, resulting in the interception of approximately $5 million worth of ZK tokens—these were unclaimed remnants following an airdrop.

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ForkLog 21 14.04.2025

Indian Citizens Defrauded of $6 Million in Cryptocurrency Scam

A court in Heze, China, has adjudicated a case of investment fraud that victimised 66,800 Indian citizens. Nine individuals involved in the scheme have received prison sentences, according to local media. Case materials reveal that the criminal group was led by He Moutian. In May 2023, he rented an office in the Heze-Luxi district, acquired […]

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ForkLog 14 09.04.2025

Bubblemaps: MELANIA Team Withdraws $30 Million from Community Funds and Sells Quietly

The developers of the meme coin MELANIA, associated with the former First Lady of the United States, Melania Trump, have withdrawn tokens worth $30 million from community funds and commenced their sale. This was reported by analysts at Bubblemaps. 1/ Huge sell-offs on $MELANIA $30M was moved from community funds — and is now being […]

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ForkLog 47 09.04.2025

Money Launderer ‘Elon Musk’ Exposed by FBI, Revealing Clientele

In 2023, the FBI arrested a money launderer operating under the alias ElonmuskWHM. Law enforcement leveraged his connections in a covert operation to identify clients of the illegal network, as reported by 404 Media. Since 2021, the perpetrator had advertised his services on darknet platforms and communicated via encrypted messengers. During the investigation, FBI specialists […]

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ForkLog 26 08.04.2025

Kazakhstan Reports Seizure of Cryptocurrency from Pyramid Schemes

Since the beginning of 2025, Kazakhstan’s AFM has dismantled 24 financial pyramids, including those accepting cryptocurrency deposits. The agency reported this to President Kassym-Jomart Tokayev. As part of the investigation, digital assets of the criminal scheme organizers were frozen, amounting to 2.2 billion tenge ($4.18 million at the time of writing). In total, the AFM […]

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ForkLog 39 31.03.2025

Iranian Officials Accused of Embezzling $21 Million in Cryptocurrency

Members of the Islamic Revolutionary Guard Corps (IRGC) have been accused of embezzling over $21 million in cryptocurrency under the guise of an anti-corruption investigation into the collapsed exchange Cryptoland and its founder Sina Estavi. This was reported by local media. Key figures in the scheme were officials Mehdi Hajipour and Mehdi Badi. According to […]

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ForkLog 22 29.03.2025

LIBRA and MELANIA Creator Begins Asset Sell-Off

Hayden Davis, the entrepreneur involved in the launch of meme coins LIBRA and MELANIA, is selling his tokens after a period of inactivity, according to analysts at Bubblemaps. 1/ Hayden Davis is STILL selling MELANIA He recently sent $1M to exchanges and extracted over $2M from the liquidity pools ? pic.twitter.com/1sWIkGmtxj — Bubblemaps (@bubblemaps) March […]

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