Investigations | ForkLog

ForkLog 11 12.03.2025

Bloomberg: EU Regulators Investigate OKX Over Bybit Hackers’ Activities

European regulators are examining the connection between OKX services and the laundering of assets stolen from Bybit. This is reported by Bloomberg, citing its own sources. The focus is on the OKX Web3 platform, which provides access to a DEX aggregator and a non-custodial wallet. According to a statement by Bybit CEO Ben Zhou, hackers […]

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ForkLog 9 06.03.2025

Argentine Prosecutor Moves to Freeze $100 Million Linked to LIBRA

Argentina’s chief prosecutor, Eduardo Taiano, has called for the freezing of assets linked to LIBRA amounting to approximately $100 million and the recovery of deleted messages, including a tweet by the country’s president, Javier Milei, promoting the meme coin. This was reported by Clarin. Taiano also requested detailed information on the project’s transactions. To implement […]

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ForkLog 7 05.03.2025

UK Halts Antitrust Investigation into Microsoft and OpenAI

The United Kingdom has ceased its investigation into the partnership between Microsoft and OpenAI, citing a lack of monopoly concerns. This was reported by Reuters. The Competition and Markets Authority (CMA) concluded that Bill Gates’s company does not exert sufficient control over the developer of ChatGPT to warrant further investigation. The inquiry began last year […]

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ForkLog 9 26.02.2025

Safe Infrastructure Vulnerability Blamed for Bybit Breach

The attack on Bybit was executed through the Safe (Wallet) infrastructure, rather than the trading platform’s own systems, according to a preliminary incident report. Bybit Hack Forensics ReportAs promised, here are the preliminary reports of the hack conducted by @sygnia_labs and @Verichains Screenshotted the conclusion and here is the link to the full report: https://t.co/3hcqkXLN5U […]

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ForkLog 15 26.02.2025

US Justice Department Investigates LIBRA and Argentine President

The US Department of Justice has reportedly initiated an investigation into the role of Argentine President Javier Milei in promoting LIBRA. This was reported by La Nacion. According to the publication, the roles of the project’s founders—Hayden Davis of Kelsier Ventures, Julian Peha of KIP Protocol, and two Argentine entrepreneurs Mauricio Novelli and Manuel Terrones […]

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ForkLog 10 28.01.2025

France Initiates Investigation into Binance, Reports Reuters

French law enforcement has launched a judicial investigation into the cryptocurrency exchange Binance, according to Reuters. The platform is accused of money laundering, tax fraud, illegal drug trafficking, and other criminal activities, the publication reports. 28 January 2025 | 17:09Update: The Paris Prosecutor’s Office’s Department for Combating Economic and Financial Crimes (JUNALCO) stated that the […]

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ForkLog 9 09.12.2024

AI Tokens Decline Amid China’s Investigation into Nvidia

China has launched an investigation into Nvidia over suspected violations of antitrust laws, according to Bloomberg, citing a report from the country’s Central Television. The media reports that the focus is on the acquisition of Israeli high-speed networking and interconnects manufacturer Mellanox Technologies for $6.9 billion. Beijing approved the deal four years ago on the […]

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ForkLog 78 27.11.2024

OneCoin Founder Ruja Ignatova Allegedly Hiding in Russia

Ruja Ignatova, the founder of the cryptocurrency pyramid scheme OneCoin, reportedly had connections within Kremlin circles and may be hiding in Russia. This was revealed in a letter to Decrypt by BBC investigative journalist Joran Tsalov. The source cites information obtained during an interview with Ignatova’s former security advisor, Frank Schneider. Schneider allegedly confirmed the […]

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ForkLog 7 21.11.2024

North Korean Hackers Implicated in 2019 Upbit Breach

The theft of 342,000 ETH from the Upbit exchange in 2019 has been linked to North Korea, according to South Korea’s National Investigation Service. This was reported by The Block. This marks the first time the country’s authorities have connected the crime to the neighboring state. “[We] reached this conclusion based on a comprehensive analysis […]

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ForkLog 34 20.11.2024

ZachXBT Traces Portion of $6.5 Million Stolen from Coinbase Client

In October, a client of the cryptocurrency exchange Coinbase in the United States fell victim to a scammer who used social engineering to steal $6.5 million. On-chain detective ZachXBT assisted the victim in tracing part of the assets. 1/ An investigation into the social engineering scammer Ronaldd (Ronald Spektor) who allegedly helped steal $6.5M last […]

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ForkLog 10 20.11.2024

China’s ‘Crypto Pope’ Dismissed Amid Corruption Allegations

Yao Qian, the former first director of CBDC development at the People’s Bank of China, has been expelled from the Communist Party following allegations of corruption involving cryptocurrencies. In April, ForkLog reported on the initiation of an investigation against the official due to “serious violations” of discipline and law. At that time, the specialist held […]

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ForkLog 7 15.11.2024

South Korean Authorities Uncover Up to 600,000 KYC Violations at Upbit

South Korea’s Financial Intelligence Unit, part of the FSC, has identified between 500,000 and 600,000 potential violations of KYC procedures at the Upbit exchange, according to Maeil Business. Specifically, Upbit allegedly allowed users to open accounts using identifiers with blurred personal details such as names and registration numbers. The platform faces fines of 100 million […]

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