Scammers | ForkLog

ForkLog 53 15.02.2025

LIBRA token promoted by Argentina’s president plunges 94%

LIBRA, a token promoted by Argentina’s president Javier Milei, plunged 94% within hours.

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ForkLog 64 14.02.2025

Chainalysis Reports Crypto Fraud Losses Reach $9.9 Billion in 2024

Preliminary estimates suggest that losses from fraud in the crypto industry reached $9.9 billion in 2024, though the actual figure may set new records. These findings were shared by Chainalysis experts in the report Crypto Scam Revenue 2024. Source: Chainalysis. According to Chainalysis observations, scammer activity has grown by an average of 24% annually over […]

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ForkLog 80 14.02.2025

HashFlare Founders Admit Guilt in $577 Million Crypto Pyramid Scheme

The founders of the cloud mining service HashFlare, Sergei Potapenko and Ivan Turõgin, have admitted to orchestrating a cryptocurrency pyramid scheme. U.S. authorities will confiscate assets from them valued at over $400 million. Two Estonian Nationals plead guilty in $577M cryptocurrency fraud scheme — Scheme victimized hundreds of thousands of people in the U.S. and […]

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ForkLog 103 13.02.2025

WLFI Co-founder’s X Account Hacked to Promote Scam

On February 12, hackers compromised the X account of Zach Witkoff, co-founder of the cryptocurrency project World Liberty Financial (WLFI), associated with Donald Trump. @zachwitkoff’s account was compromised, and a fake Barron meme was posted. Please do not engage. We are resolving the issue ASAP. — WLFI (@worldlibertyfi) February 12, 2025 The hackers used the […]

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ForkLog 18 12.02.2025

Analysts Detail Crypto Scammers’ Tactics for 2024

In 2024, social engineering has become the forefront of tactics employed by fraudsters and extortionists within the crypto industry. The primary attack vector has been the social network X, according to insights shared by analysts from Merkle Science. Experts examined 36 incidents that were constructed using social methods “from start to finish.” Data: Merkle Science. […]

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ForkLog 25 07.02.2025

Phishers Refine Tactics Targeting Phantom Wallet Users

Malefactors are attempting to acquire the private keys of Phantom wallet users through a phishing scheme involving fake updates, reports Scam Sniffer. ? UPDATE: Sophisticated Seed Phrase Phishing Tactic! Scammers now connect to REAL Phantom wallets first, then trick users with a fake “update extension” signature request. After approval, a FAKE modal appears demanding seed […]

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ForkLog 8 04.02.2025

Coinbase Clients Lose Over $65 Million to Scammers in Two Months

Between December 2024 and January 2025, Coinbase users lost over $65 million due to social engineering scams, according to on-chain detective ZachXBT. 1/ Over the past few months I imagine you have seen many Coinbase users complain on X about their accounts suddenly being restricted. This is the result of aggressive risk models and Coinbase’s […]

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ForkLog 26 23.01.2025

Nasdaq’s X Account Compromised to Promote Fake Memecoin

An unidentified hacker breached the official X account of the Nasdaq exchange to promote a fraudulent memecoin named STONKS, mimicking the original token on the Solana blockchain. This was reported by The Block. The perpetrator initially renamed the fake page to a Nasdaq branch, posted an advertisement for the newly issued memecoin, and retweeted it […]

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ForkLog 33 22.01.2025

Market Maker CLS Global Admits to Sham Trading of FBI’s AI Token

The UAE-based cryptocurrency market maker, CLS Global, has admitted to facilitating sham trading and market manipulation in favor of the NexFundAI token, created by the FBI to detect fraud. This was reported by the US Department of Justice. As part of a deal with authorities, the company confirmed its involvement in providing services to attract […]

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ForkLog 30 20.01.2025

Controversial activist offloads 50% of TIKTOK memecoin supply

Ryan Fournier, chair of Students for Trump, faced a backlash after selling half the supply of a memecoin created to celebrate the lifting of the ban on TikTok in the United States, The Block reported. On January 19, Fournier floated the idea of a memecoin, Official TIKTOK COIN (TIKTOK). An X user going by Asta […]

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ForkLog 112 16.01.2025

Illicit crypto activity totaled $40.9 billion in 2024

In 2024, the total volume of illicit cryptocurrency transactions reached $40.9 billion, with 63% conducted in stablecoins, according to Chainalysis analysts. ?The Introduction to the 2025 Chainalysis Crypto Crime Report is here! ? Check out our blog to learn the latest about the on-chain illicit ecosystem’s increasing ? professionalization, featuring a broadening array of illicit […]

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ForkLog 48 15.01.2025

Bitmama faces up to 10 years in prison

Law-enforcement authorities have charged Valeria Fedyakina, known as Bitmama, with fraud in a case involving the theft of cryptocurrencies and fiat totaling at least 2.2bn rubles, TASS reported. Investigators say she solicited investments in digital assets, promising high returns, after which the funds disappeared. In one episode, losses amounted to about 800m rubles. A court […]

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