Scammers | ForkLog

ForkLog 12 21.11.2024

Casa Founder Uncovers Scammers’ Targeting Tactics

A perpetrator involved in a scam targeting Coinbase users shared details of his operation in a conversation with Casa co-founder Nick Neuman. Recently I was called by someone pretending to be Coinbase support, trying to steal bitcoin. I decided to turn the tables on him and ask him about being a scammer. Things got wild […]

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ForkLog 11 15.11.2024

Britain Develops ‘AI Granny’ to Combat Phone Scammers

The British telecommunications company O2 has developed an ‘AI Granny’ to tackle phone fraud. Her primary role is to feign confusion, endlessly ask questions, and waste time. The neural network, named Daisy, can answer suspicious calls around the clock and engage in realistic conversations with scammers. Initial tests showed she can keep criminals on the […]

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ForkLog 35 13.11.2024

Chinese National Admits to Laundering $73 Million from Crypto Scam

Chinese and St. Kitts and Nevis citizen Darren Lee pleaded guilty to laundering over $73 million obtained from victims of investment fraud, including a scheme known as “pig butchering.” Together with accomplices, he used legal entities and bank accounts to conceal the origin of the funds. The perpetrators also converted them into digital assets, primarily […]

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ForkLog 10 13.11.2024

South Korean YouTuber Accused of Selling Scam Coins Worth $232 Million

South Korean police have detained 215 individuals in connection with an alleged fraud involving an investment company managed by an unnamed video blogger. This was reported by local media. According to the investigation, from December 2021 to March 2023, the creator of a YouTube channel with 620,000 subscribers operated a fraudulent consulting firm. Users were […]

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ForkLog 7 06.11.2024

I need your clothes, your boots—and your card number: how AI helps fraudsters

Artificial intelligence is reshaping most industries, cybersecurity included. The global market for AI-based defensive tools exceeded $30bn in 2024 and, according to forecasts, will reach $135bn by 2030. To old standbys such as social engineering, criminals have added disinformation at scale and synthetic media. The Munich Security Report and the World Economic Forum have flagged […]

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ForkLog 68 04.11.2024

Wiz Khalifa’s X Account Hacked to Promote Meme Coin

On November 3, unknown individuals hacked the X account of rapper Wiz Khalifa, which boasts 35.7 million followers, and posted a message promoting the fraudulent meme token WIZ. This was highlighted by on-chain detective ZachXBT. Screenshot of the fraudulent post. Data: ZachXBT. In the tweet, the perpetrators, posing as the musician, announced a token giveaway, […]

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ForkLog 11 04.11.2024

Russia Issues First Conviction for Cryptocurrency Fraudsters

On November 1, the Smolninsky District Court of St. Petersburg found the director and three coaches of the “Escada Asset Management Business School” guilty of fraud, having stolen over 55 million rubles from citizens. This was reported by Kommersant. According to the case materials, the organization operated from January 2019 to April 2020. Robert Aloyan […]

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ForkLog 76 04.11.2024

What is a Sybil attack?

This threat looms over any peer-to-peer network, including blockchains. Airdrop hunters often use Sybil tactics, too.

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ForkLog 15 01.11.2024

US Justice Department Charges Gotbit Founder with Fraud

The Massachusetts Attorney’s Office has charged Alexey Andryunin, founder and CEO of market maker Gotbit, with fraud and conspiracy to manipulate the cryptocurrency market. Founder of cryptocurrency financial services firm “Gotbit” indicted for market manipulation and fraud conspiracy. Allegedly made tens of millions of dollars in proceeds for fraudulent “wash trading” services. ?https://t.co/d0ofGJkACz — U.S. […]

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ForkLog 33 28.10.2024

Green United Promoter to Challenge SEC Fraud Allegations

Christopher Cron, the chief promoter of cryptocurrency mining equipment manufacturer Green United, has filed an appeal against the SEC lawsuit accusing the company of an $18 million securities fraud. This was reported by Cointelegraph. Cron argues that the regulator’s claims regarding the company’s investment contracts being classified as securities are incorrect. He intends to challenge […]

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ForkLog 7 23.10.2024

Coinbase Users Suffer $100-150 Million Loss from Scams, Estimates ZachXBT

In the past year, users of the cryptocurrency exchange Coinbase have incurred losses ranging from $100 million to $150 million due to phishing and social engineering scams. This estimate was provided by on-chain researcher ZachXBT. Have not seen numbers publicly reported anywhere before but I estimate Coinbase support social engineering / phishing scams have resulted […]

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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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