Cybercrime | ForkLog

ForkLog 25 13.11.2024

Chinese National Admits to Laundering $73 Million from Crypto Scam

Chinese and St. Kitts and Nevis citizen Darren Lee pleaded guilty to laundering over $73 million obtained from victims of investment fraud, including a scheme known as “pig butchering.” Together with accomplices, he used legal entities and bank accounts to conceal the origin of the funds. The perpetrators also converted them into digital assets, primarily […]

AI translated

ForkLog 23 11.11.2024

DeltaPrime Suffers $4.8 Million Theft in ARB and AVAX Tokens

On November 11, the DeFi liquidity protocol DeltaPrime fell victim to a hack, resulting in the loss of Arbitrum (ARB) and Avalanche (AVAX) tokens valued at $4.75 million. Users have been advised to revoke permissions for active smart contracts. According to analysts at PeckShield, the exploit occurred due to a lack of input validation when […]

AI translated

ForkLog 136 08.11.2024

Second Season of Hamster Kombat Triggers New Scam Wave

The announcement of a new season for the Telegram clicker game Hamster Kombat has triggered a wave of spam from fraudsters. This is reported by Izvestia, citing data from Kaspersky Lab. In their messages, hackers impersonating the game’s developers offer participation in an airdrop of HMSTR tokens valued between $300,000 and $3 million. The attached […]

AI translated

ForkLog 59 04.11.2024

What is a Sybil attack?

This threat looms over any peer-to-peer network, including blockchains. Airdrop hunters often use Sybil tactics, too.

AI translated

ForkLog 40 04.11.2024

Metawin Crypto Casino Hacked for $4 Million

On November 3, the Metawin crypto casino lost over $4 million across Ethereum and Solana networks due to a wallet hack. This was reported by blockchain sleuth ZachXBT, citing a statement from the project’s CEO, Richard Skelhorn, on Discord. Following the incident, withdrawals were temporarily halted to assess and ensure system stability. At the time […]

AI translated

ForkLog 9 03.11.2024

October Sees $88 Million Lost in Crypto Hacks, Reports PeckShield

In October, hackers executed 20 attacks, resulting in losses of approximately $88.47 million for the crypto industry, according to PeckShield. #PeckShieldAlert In October 2024, there were ~20 hacks in the crypto space, resulting in losses of ~$88.47 million.#Top 5 Hacks in October 2024:—#RadiantCapital: $53M (bridged to #Ethereum)-U.S. Government seizure funds: $20M (returned)—#Eigenlayer: $5.7M (laundered to… […]

AI translated

ForkLog 13 31.10.2024

Cryptocurrency Losses Reach $55.1 Million in October, Reports Immunefi

In October, cryptocurrency companies suffered losses amounting to $55.1 million due to hacks, a decrease of 56.6% compared to the previous month’s $126.9 million, according to a report by Immunefi. Throughout the month, seven incidents occurred. The majority of losses were attributed to two projects: a hack of the DeFi protocol Radiant Capital amounting to […]

AI translated

ForkLog 106 31.10.2024

The Cryptex case: why the exchange’s founder was wanted in the US and arrested in Russia

In early October the Interior Ministry and the National Guard mounted a sweeping operation to detain almost 100 people suspected of running illegal cryptocurrency operations. Six alleged key figures were placed under house arrest, among them Cryptex founder Sergei Ivanov. Notably, the sweep came soon after US authorities offered a reward of up to $10m […]

AI translated

ForkLog 17 31.10.2024

1inch Responds to App Breach and Promises Fund Recovery

On October 30, users of the decentralized application 1inch encountered a malicious request to connect and sign their wallets, enabling attackers to steal assets. Representatives of the project confirmed the incident. On Oct 30, 9:12 PM — 11:22 PM CET, 1inch dApp users may have encountered a malicious wallet connect and signature request. This signature […]

AI translated

ForkLog 14 25.10.2024

Speculation Arises Over $20 Million Hack of US Government Crypto Wallet

On October 24, a series of suspicious transactions from a cryptocurrency wallet linked to the US government resulted in the transfer of $20 million in assets seized from Bitfinex hackers. Analysts at Arkham Intelligence noted this activity. ??????: ?? ?????????? ?????? ??????? ??????? ?? ???? ???? ??????????? ??? $???. $20M in USDC, USDT, aUSDC and […]

AI translated

ForkLog 7 23.10.2024

Coinbase Users Suffer $100-150 Million Loss from Scams, Estimates ZachXBT

In the past year, users of the cryptocurrency exchange Coinbase have incurred losses ranging from $100 million to $150 million due to phishing and social engineering scams. This estimate was provided by on-chain researcher ZachXBT. Have not seen numbers publicly reported anywhere before but I estimate Coinbase support social engineering / phishing scams have resulted […]

AI translated

ForkLog 10 23.10.2024

Russia to Employ AI in Tackling Bitcoin Crime

Russian law enforcement agencies plan to adopt new technologies to combat DeFi-related crimes involving virtual assets. This was announced by Russia’s Prosecutor General Igor Krasnov. The department has already established a unit dedicated to integrating artificial intelligence into prosecutorial activities and has approved a corresponding three-year plan. “Alongside digital currency, other types of virtual assets […]

AI translated

#Cybercrime