Scammers | ForkLog

ForkLog 41 20.08.2024

Binance Utilises AI to Combat Fraud

In 2024, Binance thwarted the theft of over $2.4 billion in user funds. The incidents affected 1.2 million of the exchange’s clients, as stated in the company’s blog. “This achievement is the result of Binance’s comprehensive risk management measures, which help effectively detect and flag suspicious transactions on the platform,” the report stated. The exchange’s […]

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ForkLog 14 19.08.2024

Florida Woman Sues Google Over $5 Million Loss via Crypto App

Maria Vaca, a Florida resident, has filed a lawsuit against Google seeking compensation for over $5 million lost through a fraudulent crypto application available on the Google Play store. This was reported by The Block. From February to July 2023, Vaca invested approximately $4.6 million in digital assets through the Yobit Pro application. When the […]

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ForkLog 22 13.08.2024

Founder of ezBtc Misappropriated User Funds for Gambling

The Canadian cryptocurrency platform ezBtc and its founder, David Smillie, misappropriated approximately 13 million CAD (~$9.5 million) of client funds, using part of it for gambling. This was reported by the British Columbia Securities Commission (BCSC). The company, which ceased operations in September 2019 and was liquidated in 2022, claimed to store all user investments […]

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ForkLog 13 12.08.2024

Kyiv Court to Hear Case of Fraudulent Cryptocurrency Investment Scheme

Ukrainian law enforcement has concluded its investigation into ten members of a criminal group accused of soliciting funds under the guise of cryptocurrency investments. This was reported by the press service of the Kyiv City Prosecutor’s Office. The scheme was orchestrated by three residents of the Zhytomyr region, with acquaintances from various regions of Ukraine […]

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ForkLog 26 29.07.2024

Suspicions of Scam Surround Neiro Clone Amidst Original’s 5000-Fold Profit

The developer of the meme token Neiro (NEIRO) on the Solana blockchain earned $2.85 million, having invested only 3 SOL ($552) in the coin’s launch. Analysts at Lookonchain highlighted this development. The dev of $Neiro has made 15,508 $SOL($2.85M) with only 3 $SOL($552), a gain of 5,169x!? He spent 3 $SOL($552) to buy 97.5M $Neiro […]

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ForkLog 44 26.07.2024

Former Huobi Employees Stole Over 40,000 Private Keys from Users

Four former employees of the cryptocurrency exchange Huobi implanted trojans in client wallets, collectively stealing over 40,000 seed phrases and private keys. This was reported by journalist Colin Wu.

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ForkLog 18 25.07.2024

Russian Banks’ New Anti-Fraud Measures May Hinder Cryptocurrency Exchange

From July 25, Russian banks have implemented a new mechanism for the return of funds stolen by fraudsters. This could significantly complicate P2P cryptocurrency exchange operations, senior partner of the Emet law firm, Eduard Davydov, told ForkLog. In the event of theft, a client must contact the bank, which, after reviewing the claim, is obliged […]

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ForkLog 23 22.07.2024

ETHTrustFund Founder Accused of $2.2 Million Rug Pull

On July 21, the founder of the cryptocurrency hedge fund ETHTrustFund, known by the pseudonym Reng, transferred $2.2 million to a new wallet after three months of inactivity. Several on-chain analysts reported a likely rug pull. RUG ALERT ? Yesterday, the project known as ETHTrustFund (@ethtrustfund_ now deleted) sent +$2M from the treasury to a […]

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ForkLog 16 19.07.2024

Russian Hamster Kombat Players Targeted by Phishing Attacks

Players of the popular clicker game Hamster Kombat in Russia are falling victim to phishing attacks. This was reported by Olga Svistunova, a security expert from Kaspersky Lab, to Cointelegraph. “Our team has uncovered several fraudulent schemes targeting Hamster Kombat users. In one such scheme, attackers lure victims with promises of converting game coins into […]

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ForkLog 16 17.07.2024

Survey Reveals Limited Popularity of Hamster Kombat in Russia

More than half of Russians (57%) are unaware of the existence of the Telegram-based clicker game Hamster Kombat. This is according to the results of a telephone survey conducted by the VTSIOM among 1600 adult citizens. According to the collected data, 42% of respondents have heard of the “hamster,” with 14% understanding the essence of […]

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ForkLog 16 15.07.2024

Australian Court Convicts Former BitConnect Promoter

The Sydney District Court found Australian promoter of the fraudulent $2.4 billion BitConnect scheme, John Bigatton, guilty of providing unlicensed financial services. The man was sentenced to three years of restricted freedom on the condition of good behavior. For five years, he will be barred from managing any business. According to court documents, the project […]

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ForkLog 32 11.07.2024

Elliptic Uncovers Fraudulent Online Marketplace with $11 Billion in Cryptocurrency Transactions

The online marketplace Huione Guarantee, widely used by fraudsters in Southeast Asia, has processed cryptocurrency transactions amounting to at least $11 billion, according to researchers at Elliptic. A new investigation from the Elliptic research team sheds light on online marketplace Huione Guarantee. The platform is widely used by scam operators in South East Asia, including […]

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