Investigations | ForkLog

ForkLog 17 08.05.2024

Binance Aids in Arrest of Suspect in ZKasino Fraud Case

Binance’s crime investigation team played a significant role in the arrest of a suspect linked to the ZKasino blockchain casino scam. Details are provided by Cointelegraph. In April, ZKasino developers transferred 10,515 ETH worth $33.9 million to the Lido staking protocol and altered the website’s wording, removing the statement about returning ETH. The coins were […]

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ForkLog 67 02.05.2024

US Prosecutors Investigate Jack Dorsey’s Square and Cash App for Suspicious Crypto Transactions

The US federal prosecutors are scrutinising the financial operations of the cryptocurrency divisions of Jack Dorsey’s company, Block, for compliance with regulations. This was reported by NBC News, citing sources. According to these sources, the divisions Square and Cash App are suspected of long-standing and widespread compliance procedure violations, which allegedly allowed the companies to […]

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ForkLog 15 26.04.2024

Chinese ‘Crypto Pope’ Faces Government Investigation

Yao Qian, the former first director of CBDC development at the People’s Bank of China, is under government investigation, according to local media. The Central Committee of the Communist Party of China suspects the official of “serious violations” of discipline and law, though specific reasons for the investigation remain undisclosed. Yao currently serves as the […]

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ForkLog 10 21.04.2024

Nigerian Court Adjourns Binance Tax Evasion Case

A Nigerian court has postponed the tax evasion trial involving cryptocurrency exchange Binance and two of its senior executives to May 17, according to local publication Business Day. On February 25, Nigerian law enforcement detained Tigran Gambaryan, the Vice President for Global Intelligence and Investigations at the platform, and Nadeem Anjarwalla, the Director for West […]

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ForkLog 28 15.04.2024

Fugitive Binance Executive Tracked Down in Kenya

The Nigerian government has located Nadim Anjarwalla, a top Binance executive who escaped custody, in Kenya. This was reported by Punch. In collaboration with Interpol and Kenyan police, discussions are underway regarding the extradition of the exchange employee back to Nigeria to face charges. April 22, 2024 | 13:26Update: The Nigerian newspaper The Punch, citing […]

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ForkLog 11 11.04.2024

Implications of the SEC’s Confrontation with Uniswap

What will be the outcome of the proceedings? What does the SEC and Uniswap confrontation mean for users? Which other DeFi solutions might attract US authorities’ attention? A potential lawsuit by the SEC against the decentralized exchange Uniswap could set a significant precedent for the cryptocurrency market, though experts consulted by ForkLog express doubts about […]

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ForkLog 18 09.04.2024

STFIL Protocol Developers Detained in China, Project Reports

Chinese authorities are investigating the Filecoin-based STFIL protocol, with some of its technical team members currently in custody, according to project representatives. We believe that the STFIL core technical team is under investigation by local Chinese police, and we understand lawyers have been hired to understand the current situation and provide legal assistance to the […]

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ForkLog 13 03.04.2024

Binance Appeals for Clemency for Executive Detained in Nigeria

Cryptocurrency exchange Binance has appealed to Nigerian authorities, requesting that its Vice President for Global Intelligence and Investigations, Tigran Gambaryan, not be held accountable. Representatives of the platform stated that the detained executive does not have decision-making authority within the company. Meanwhile, the exchange continues negotiations with the Nigerian government. Binance highlighted Gambaryan’s decade-long experience […]

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ForkLog 16 29.03.2024

Detained Binance Executive Sues Nigerian Government

Tigran Gambaryan, Vice President for Global Intelligence and Investigations at cryptocurrency exchange Binance, who has been in custody in Nigeria since February 25, has filed a lawsuit against the country’s authorities for violating his rights, according to local media. The charges are specifically directed at Nigeria’s National Security Adviser Nuhu Ribadu and the Economic and […]

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ForkLog 11 28.03.2024

US and UK Investigate Garantex Over $20 Billion USDT Transfers

Authorities in the US and UK are investigating USDT transfers amounting to $20 billion through the Russian exchange Garantex. This was reported by Bloomberg, citing informed sources. According to these sources, the investigation is part of efforts to combat sanctions evasion. All stablecoin transactions occurred after April 2022, when Garantex was added to the US […]

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ForkLog 61 26.03.2024

US Accuses KuCoin of Laundering $9 Billion

The US federal prosecutor charged cryptocurrency exchange KuCoin and its two founders with laundering $9 billion. Authorities allege that platform founders Chun (Michael) Gan and Ke (Eric) Tang failed to implement KYC/AML procedures from 2017 to 2023, despite serving over 30 million clients. Subsequently, identification and verification did not apply to existing users. Thus, the […]

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ForkLog 17 25.03.2024

Binance Executive Allegedly Flees Nigeria

Nadeem Anjarwalla, Binance’s Director for West and East Africa, has reportedly left Nigeria illegally, according to local media. Reports indicate that the executive escaped custody on March 22 after being taken to a nearby mosque for prayers. Anjarwalla departed Abuja on a Middle Eastern airline. Immigration officials stated he left Nigeria using a Kenyan passport. […]

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