Investigations | ForkLog

ForkLog 84 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 22 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 17 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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ForkLog 7 05.11.2024

Binance Lawyers Seek Dismissal of SEC’s Revised Complaint

Lawyers representing Binance and its former CEO Changpeng Zhao have filed a motion to dismiss the amended complaint by the SEC. “The SEC verbally acknowledges the court’s decision that crypto assets are not ‘securities’ in themselves, yet refuses to accept the logical conclusion from it,” the document states. On June 29, Judge Amy Berman Jackson […]

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ForkLog 27 21.10.2024

Prosecutors Receive Bitmama Case with Reduced Damages

The criminal case against Valeria Fedyakina, a native of Simferopol known by the alias Bitmama, has been forwarded to the prosecutor’s office for indictment approval, reports Kommersant. Fedyakina collaborated with currency exchangers, receiving cash from them and promising to transfer the funds to another country with a bonus, despite the usual commission for such transactions. […]

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ForkLog 17 05.09.2024

Nvidia Denies Receiving Subpoena from US Department of Justice

The AI chip manufacturer Nvidia has denied reports of receiving a subpoena from the US Department of Justice related to alleged antitrust violations. This was reported by CNBC, citing a company representative. “We have contacted the US Department of Justice and have not received a subpoena. However, we are happy to answer any questions regulators […]

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ForkLog 19 04.09.2024

Nvidia Shares Plummet Amid US Justice Department Investigation

Nvidia shares recorded their largest single-day drop in history amid a US Justice Department investigation into potential antitrust violations. Authorities have issued subpoenas to Nvidia and other companies to scrutinise the chipmaker’s operations, reports Bloomberg. According to the agency, the Justice Department had previously sent questionnaires to companies and is now issuing legal requests obliging […]

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ForkLog 40 30.08.2024

The end of anonymity: who tracks crypto transactions, how, and why

The decentralised world is no longer as autonomous as it was a decade ago. Trends point to tighter regulation, closer identification of users and even individual wallets. In parallel, transaction-tracking tools are evolving—useful to some for crafting trading strategies, to others for exposing illicit activity, and to a third group for manipulating markets. ForkLog spoke […]

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ForkLog 52 28.06.2024

Gotbit Admits to 70% Token Dump of WATER

Gotbit Hedge Fund, the market maker (MM) for the meme token WATER, has addressed analysts’ concerns by admitting to the deliberate crash of the asset’s price. On-chain analysts are worried about the “team” sales of $WATER tokens. However, most of these sales were conducted by Gotbit as part of MM operations. Why did we sell […]

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ForkLog 7 21.06.2024

Martin Shkreli Faces Legal Threats Over TrumpCoin Involvement

Shkreli may face charges of securities fraud or lying about obtaining approval to use the image of the 45th President of the United States. Donald Trump could face political or legal repercussions due to TrumpCoin (DJT). Investor Martin Shkreli could face legal action if he lied about the involvement of Barron and Donald Trump in […]

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ForkLog 22 19.06.2024

Researcher Unveils Creator of ‘Trump Token’ DJT

Amid the ongoing frenzy surrounding the meme token TrumpCoin (DJT), debates about its developer continue to swirl. On-chain investigator ZachXBT appears to have identified the individual responsible. Initial suspicions fell on investor Martin Shkreli, who had been imprisoned for securities fraud. On June 18, he invited whales to join the project. any other whales wanna […]

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ForkLog 74 09.05.2024

Binance Allegedly Overlooked Market Manipulation by DWF Labs

Binance’s surveillance team uncovered evidence of market manipulation by market maker DWF Labs, yet the cryptocurrency exchange’s management reportedly ignored these findings. This was reported by the Wall Street Journal, citing sources. According to the publication, DWF Labs’ fictitious trading was identified during an internal investigation using proprietary software tools. When the evidence was presented […]

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