Investigations | ForkLog

ForkLog 23 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 85 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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ForkLog 9 09.05.2024

Nigerian Authorities Refute Binance Bribery Allegations

Nigeria’s Ministry of Information has dismissed as false the bribery allegations against unidentified officials, previously made by the cryptocurrency exchange Binance. This was reported by Bloomberg. The ministry views this as a diversionary tactic in the ongoing investigation into the platform and an attempt to undermine the country’s government. “There is not a shred of […]

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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 75 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 21 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 15 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 34 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 13 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 26 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 15 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 18 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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