Scammers | ForkLog

ForkLog 25 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 16 19.10.2024

Indian National Sentenced to Five Years for $20 Million Coinbase Fraud

Indian citizen Chirag Tomar has been sentenced to five years in prison for orchestrating a $20 million cryptocurrency fraud involving a fake website of the bitcoin exchange Coinbase. Court documents reveal that from at least June 2021 to December 2023, Tomar and his accomplices stole cryptocurrency from hundreds of victims through a counterfeit version of […]

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ForkLog 18 18.10.2024

US Treasury Harnesses AI to Combat $4 Billion in Fraud

The US Department of the Treasury employed artificial intelligence to analyze data and recover over $4 billion obtained through fraud and misconduct in the 2024 fiscal year. Through the use of AI, the department managed to reclaim six times more funds compared to the previous reporting period, when the amount was $652.7 million, the Treasury […]

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ForkLog 13 16.10.2024

SEC Accuses Saitama Inu and Robo Inu Promoter of Fraud

SEC has charged a U.S.-based Vietnamese citizen, Vy Pham, with fraud for her involvement in market manipulation schemes involving meme tokens Saitama Inu and Robo Inu. The agency also alleges that the assets were offered and sold as unregistered securities. According to the SEC, Pham (known by the pseudonym msvy_crypto) personally engaged in market manipulation […]

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ForkLog 11 16.10.2024

Fraudsters Exploit Deepfakes to Swindle $46 Million from Love-Struck Men

Fraudsters employed deepfake technology to impersonate attractive women during video calls, deceiving love-struck men into “investing” in cryptocurrencies. This was reported by SCMP, citing Hong Kong police. In October 2023, the syndicate established an operational center in a 4000-square-foot industrial building in the Hung Hom constituency and began recruiting staff. University graduates specializing in digital […]

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ForkLog 70 14.10.2024

MrBeast Accused of Promoting Scam Tokens by Researcher

YouTube personality MrBeast allegedly earned over $10 million by investing in low-cap tokens and promoting them. This conclusion was drawn by anonymous on-chain analyst SomaXBT, as reported here. 1/ An investigation into @MrBeast ,how he allegedly made $10M+ by backing low-cap IDO crypto tokens promoted by influencers like Lark Davis, CryptoBanter, KSI, and others. Many […]

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ForkLog 101 11.10.2024

AI Tools Exploit KYC Loopholes in Cryptocurrency Exchanges

Malefactors are employing AI-based software to circumvent stringent KYC measures on cryptocurrency exchanges, according to a report by security firm Cato Networks. The tool, named ProKYC, represents a “new level of sophistication” in crypto fraud. It marks a significant advancement over older methods used by cybercriminals to bypass two-factor authentication and KYC. Instead of purchasing […]

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ForkLog 101 10.10.2024

Russian Hackers Exploit AI ‘Deepnude’ Generators to Spread Malware

Russian hackers are deploying ‘AI Deepnude generators’—software designed to create nude images of women from uploaded photos—to infect users’ devices with viruses, according to a report by security firm Silent Push. Experts indicate that the hacker group FIN7 has established at least seven websites offering tools to ‘undress’ women. Potential victims are prompted to download […]

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ForkLog 28 28.09.2024

Cryptocurrency Whale Loses $32 Million in Phishing Attack

An unknown user lost 12,083 spWETH tokens from the Spark DeFi protocol, valued at approximately $32.4 million, after signing a malicious transaction. This incident was highlighted by ScamSniffer. ? 43 mins ago, someone lost 12,083 spWETH ($32.43M) after signing a “permit” phishing signature.? pic.twitter.com/y7PQZW2FZq — Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) September 28, 2024 According […]

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ForkLog 13 18.09.2024

NanoBit and CoinW6 Accused of Fraud via Social Media

SEC accused cryptocurrency platforms NanoBit and CoinW6 of deceiving investors and stealing their money through a series of social media scams. Two complaints have been filed against five organizations and three individuals. According to the regulator, NanoBit employees solicited funds from October 2023 to June 2024 through WhatsApp groups, posing as “financial industry professionals.” They […]

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ForkLog 33 10.09.2024

Yandex’s Cryptocurrency Ad Ban Sparks Surge in Scams

At the end of August, Yandex banned advertisements for nearly all crypto services on its platform, leading to a surge in fraudulent activities. This was highlighted by experts from the AML service BitOK. Now, any search query containing the word “cryptocurrency” results in numerous scam courses and signal advertisements being displayed. The disappearance of Russian […]

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ForkLog 15 10.09.2024

SEC’s Crypto Startup Penalties Reach Record $4.7 Billion

The amount collected by the SEC from enforcement actions related to digital assets in the 2024 fiscal year surged by 3018%, reaching a record $4.7 billion. These calculations were provided by Social Capital Markets. This was primarily driven by the settlement with Terraform Labs and its former CEO Do Kwon for $4.47 billion. In the […]

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