Scammers | ForkLog

ForkLog 21 29.11.2024

United States Leads in Crypto Scams and Failures, Analysts Reveal

The United States emerges as the undisputed leader in cryptocurrency scams. This conclusion was reached by analysts from 5Money and Storible. The study covered the period from January 2022 to October 2024 and included 1544 companies. For each, a range of data was collected, including the biographies of the founders. Analysts deemed projects as failures […]

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ForkLog 48 28.11.2024

YouTuber Accused of $3.5 Million Meme Coin Fraud

Professional Fortnite player and YouTuber SerpentAU has been implicated in several fraudulent schemes involving the launch of fake meme coins amounting to $3.5 million, according to blockchain researcher ZachXBT.

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ForkLog 42 27.11.2024

We can scale: how pyramid schemes went crypto

Russia is in the grip of a boom in pyramid schemes. According to the Central Bank’s data, more than 3,700 organisations with the hallmarks of such schemes were identified in 2024—70% more than in 2023 and 93% more than in 2022. Fraudsters, when explaining high returns to depositors, hide behind cryptocurrency trading and the use […]

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ForkLog 35 26.11.2024

Texas Investment Manager Misappropriates $18.5 Million in Client Funds for Crypto Lending

A Texas investment manager, Khalid Parekh, has been accused of making false statements and unlawfully investing $18.5 million of client funds into cryptocurrencies, according to a statement from the U.S. Securities and Exchange Commission (SEC). The report states that Parekh and his consulting firm, Fair Invest, offered investments adhering to Sharia principles, which prohibit earning […]

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ForkLog 33 22.11.2024

ChatGPT Recommendation Leads to Phishing Loss for Crypto User

A cryptocurrency user known as r_ocky.eth lost $2500 due to a recommendation from ChatGPT, which directed him to a fraudulent site while developing a bot for the meme-token platform Pump.fun on Solana. This incident was highlighted by experts at SlowMist. 看了下，这位朋友的钱包还真是被 AI 给“黑”了…用 GPT 给出的代码来写 bot，没想到 GPT 给的代码是带后门的，会将私钥发给钓鱼网站…?‍? 玩 GPT/Claude 等 LLM 时，一定要注意，这些 LLM 存在普遍性欺骗行为。之前提过 […]

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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 12 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 40 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 11 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 8 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 74 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 12 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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