Crimes | ForkLog

ForkLog 33 15.01.2025

Huione Guarantee’s illicit marketplace turnover exceeds $24bn

Analysts at Elliptic have described the online marketplace Huione Guarantee as the world’s largest illicit trading platform. Transaction volume has exceeded $24bn, and the user base has topped 900,000. New research: Huione Guarantee is the largest illicit online marketplace of all time — providing scammers with the tools they need to perpetrate pig butchering and […]

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ForkLog 11 14.01.2025

Russia opens case over illicit crypto exchange via Rapidpay

Officers of Russia’s Interior Ministry detained four people accused of organising the illegal movement of funds via the Rapidpay payment system, the ministry’s spokeswoman Irina Volk said. According to investigators, the illegal service catered to cryptocurrency exchange outlets, betting shops, online casinos and fraudulent call centres. To keep payments anonymous, Rapidpay’s creators used e-wallets and […]

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ForkLog 39 10.01.2025

South Korean entertainment executive accused of crypto scam

Kang Seung-kon, a director at major South Korean production house Cube Entertainment, is suspected of deceiving crypto investors, according to local outlet Hankyung. According to unnamed sources, he urged acquaintances and colleagues to invest in the Nestree (EGG) cryptocurrency issued by blockchain project Nestree Media Group. Kang also allegedly guaranteed the return of capital. In […]

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ForkLog 25 09.01.2025

Thai police seize about 1,000 bitcoin miners from JIT Co.

Thai police seized 996 bitcoin mining devices from JIT Co., based in the eastern province of Chon Buri, according to local media. The firm, registered to trade digital assets, is suspected of stealing electricity. Preliminary estimates put losses at hundreds of millions of baht (millions of dollars). An employee told police the power theft took […]

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ForkLog 41 09.01.2025

Russia to seize record bitcoin bribe of 1bn rubles for state coffers

As part of enforcement proceedings, bailiffs have begun transferring 1,032.1 BTC—valued at more than 1bn rubles at the time of the offence—seized from convicted former investigator Marat Tambiev in a record-bribe case to the state, TASS reported. The funds will be moved from a Ledger Nano X hardware wallet to a government account. At the […]

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ForkLog 78 09.01.2025

Do Kwon, Terra’s founder, to stand trial in January 2026

The trial of Terra founder Do Kwon is scheduled for January 2026. Lawyers cited the need to process a substantial volume of evidence, reports Inner City Press. “The trial will begin on January 26, 2026. I give you one week to request another date, otherwise — ‘the train has left’,” noted Judge Paul Engelmayer. According […]

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ForkLog 41 05.01.2025

Hong Kong police dismantle deepfake scam syndicate

Hong Kong police arrested 31 members of a criminal syndicate that used deepfake technology to perpetrate scams, The Star reported. The gang lured victims with romance and investment pitches. Its takings exceeded HK$34 million (about $4.37 million). Hong Kong police’s Commercial Crime Bureau said the syndicate rented two units in adjacent industrial buildings to “carry […]

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ForkLog 21 31.12.2024

Montenegro Extradites Do Kwon to the United States

On December 31, Montenegro completed the extradition of Terra founder Do Kwon to the United States. This was announced by the country’s Prime Minister, Milojko Spajić. Today Montenegro completed the extradition of Do Kwon to the United States to face charges in the Terra/Luna case.Our nation WELCOMES INNOVATION and legitimate crypto, AI and other tech […]

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ForkLog 17 27.12.2024

Montenegro Approves Do Kwon’s Extradition to the US

Montenegro’s Minister of Justice, Bojan Božović, has approved the extradition of Terra’s founder, Do Kwon, to the United States, according to local publication Vijesti. The authorities evaluated extradition requests from both the US and South Korea based on several criteria, including the severity and location of the crime, the procedure for submitting official documents, and […]

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ForkLog 62 24.12.2024

Russian Authorities Arrest S-Group Founders Over $100 Million Fraud

Russian police have dismantled the operations of Sincere Systems Group LTD (S-Group), suspected of defrauding clients of over $100 million under the guise of investments. This was reported by the Ministry of Internal Affairs of Russia. According to case materials, S-Group, established by Ukrainian citizens, has been operating in Russia since 2020, with branches in […]

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ForkLog 273 22.12.2024

HEX Founder Richard Heart Placed on Interpol’s Most Wanted List

Interpol has issued a “red notice” on behalf of Finland for Richard James Schueler, the founder of HEX, PulseChain, and PulseX, better known in the cryptocurrency industry as Richard Heart. Source: Interpol. He is wanted for deliberate tax evasion and assault. According to the Europol website, Heart is listed among the EU’s most wanted criminals. […]

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ForkLog 14 20.12.2024

Ilya Lichtenstein Admits Sole Responsibility for Bitfinex Hack

Convicted in the Bitfinex hack case, Ilya Lichtenstein claimed he executed the cyberattack on the cryptocurrency exchange alone, without the involvement of his family or other accomplices. I have something to say#FreeRazzlekhan pic.twitter.com/9HIvOxcbgr — Ilya Lichtenstein (@unrealdutch) December 19, 2024 “I planned and executed the Bitfinex heist entirely by myself. I bear full responsibility for […]

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