Scammers | ForkLog

ForkLog 34 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 16 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 49 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 20 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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ForkLog 50 09.09.2024

AI Music Creator Accused of $10 Million Fraud

A suspected fraudster allegedly earned over $10 million in royalties since 2017 by creating AI-generated songs, uploading them to streaming platforms, and artificially inflating play counts. This is according to a statement from the U.S. Attorney’s Office for the Southern District of New York. Michael Smith, a 52-year-old resident of North Carolina, is accused of […]

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ForkLog 9 05.09.2024

Russian Financial Pyramid Attempts Deceptive Entry into Digital Asset Market

An unnamed Russian platform for issuing digital financial assets (DFA) encountered fraudsters attempting to list their token on the market. This was revealed by the Deputy Chairman of the Bank of Russia, Philip Gabunia, as reported by Interfax. According to the official, the asset belonged to a certain financial pyramid, and the incident occurred “on […]

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ForkLog 44 04.09.2024

FTC Reports Tenfold Increase in Bitcoin ATM Fraud Losses

The United States Federal Trade Commission (FTC) estimated that from 2020 to 2023, losses from cryptocurrency ATM fraud increased nearly tenfold. In the first half of 2024, they exceeded $65 million, with actual damages potentially much higher. Bitcoin ATM losses by year. Source: FTC. Fraudsters contact potential victims via email or phone, posing as employees […]

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ForkLog 17 29.08.2024

Cryptocurrency Fraudster Undergoes Plastic Surgery to Evade Arrest in South Korea

South Korean police have apprehended the leader of a fraudulent scheme who embezzled 16 billion won ($12 million) from clients under the guise of cryptocurrency investments, according to local media. Investigators report that the 40-year-old suspect promoted a company purportedly involved in cryptocurrency mining from November 2021 to June 2022. He promised clients a monthly […]

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ForkLog 23 29.08.2024

Inferno Drainer Resumes Activity Amid Bull Market

The number of malicious dapps using the Inferno Drainer service to steal cryptocurrencies has tripled over six months, reaching 40,000. This is reported by Cointelegraph, citing statistics from Blockaid. Data: Blockaid. In November 2023, the team behind the crypto drainer announced the tool’s closure, yet it has become active again this year. “At the beginning […]

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ForkLog 12 28.08.2024

Haru Invest CEO Attacked in Courtroom

On August 28, Lee Hyun-su, the CEO of South Korean cryptocurrency investment platform Haru Invest, accused of embezzling approximately $826 million from clients, was attacked with a weapon in a courtroom. This was reported by local media. During the session, one of the aggrieved investors approached Lee and stabbed him multiple times in the neck […]

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ForkLog 13 26.08.2024

Former Heartland Tri-State CEO Sentenced for Embezzling $47 Million for Cryptocurrency Purchases

In the United States, a court has sentenced former Heartland Tri-State bank CEO Shane Haines to 24 years and four months in prison for embezzling $47.1 million to invest in cryptocurrencies. This was reported by the Department of Justice. According to the department, from May to July 2023, the executive conducted 11 unauthorized transfers. In […]

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ForkLog 50 26.08.2024

Discord Channels of Avalanche and ZKsync Compromised to Promote Scams

The Discord servers of the Avalanche blockchain and the ZKsync layer-two network have fallen victim to malicious attacks. SECURITY ALERT: The official Avalanche Discord has been compromised. Please do not interact with any accounts or click any links until further notice. — Avalanche ? (@avax) August 25, 2024 On August 25, the Avalanche team reported […]

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