Scammers | ForkLog

ForkLog 53 28.05.2024

How Telegram became the go-to venue for crypto scams

Telegram now dominates as the platform most frequently exploited for cryptocurrency fraud. Unlike old-fashioned phone scams, which rely on instant reactions and blind trust, messaging allows scammers to cultivate victims over time. Grigory Osipov, director of investigations at «ШАРД», explains the most common Telegram schemes to ForkLog. Why Telegram? The most popular venues for crypto […]

AI translated

ForkLog 13 24.05.2024

CatCoin Developers Threaten Legal Action Against BitForex Over Withdrawal Issues

The team behind the meme coin CatCoin (CAT) has issued an official warning to the Hong Kong-based exchange BitForex regarding difficulties in withdrawing the coin. This is a formal warning to @bitforexcom Exchange regarding the withdrawal of $CAT tokens. We may pursue legal action against both Bitforex and its former CEO, @JasonLuoBF, who remains in […]

AI translated

ForkLog 11 21.05.2024

Initial Fraud Case Against Beribit Exchange Dismissed

Investigators in Khabarovsk initiated a criminal case based on a complaint from a client of the cryptocurrency exchange Beribit. This was highlighted by the Telegram channel «Менделеевщина». According to the document, the victim reported the theft of funds totaling 1.1 million rubles (10,910 USDT). The case, citing large-scale fraud, was filed against an “unidentified person.” […]

AI translated

ForkLog 23 19.05.2024

US Authorities Arrest Two in $73 Million Crypto Fraud Case

US law enforcement arrested two Chinese nationals, Daren Li and Yichen Zhang, on charges of laundering at least $73 million linked to cryptocurrency fraud. “Crypto investment fraud exploits the borderless nature of virtual currency and online communications to deceive victims. […] These arrests reflect the Justice Department’s ongoing commitment to dismantling the entire cybercrime ecosystem […]

AI translated

ForkLog 20 16.05.2024

Binance Unveils Solution to Spoofing Scam

Security experts at Binance have developed an algorithm to combat fraud through “address poisoning,” where users unwittingly send funds to scammers. This was reported by Cointelegraph. The scam involves sending a small amount to a victim from an address resembling one already used in their wallet, so the transaction appears in their history. Hackers typically […]

AI translated

ForkLog 19 09.05.2024

Odessa Resident Loses $32,000 in Binance Scam

An Odessa resident has reported to the police a case of fraud involving an attempt to purchase cryptocurrency. This was reported by the Telegram channel “Dumskaya”, citing sources within the agency.

AI translated

ForkLog 17 08.05.2024

Binance Aids in Arrest of Suspect in ZKasino Fraud Case

Binance’s crime investigation team played a significant role in the arrest of a suspect linked to the ZKasino blockchain casino scam. Details are provided by Cointelegraph. In April, ZKasino developers transferred 10,515 ETH worth $33.9 million to the Lido staking protocol and altered the website’s wording, removing the statement about returning ETH. The coins were […]

AI translated

ForkLog 46 05.05.2024

Cred Executives Charged with $783 Million Fraud

The Northern District of California’s prosecutor has charged three former top executives of the crypto lending platform Cred with conspiracy to commit money laundering and fraud amounting to $783 million. According to court documents, Daniel Schatt was a co-owner and CEO of the firm, Joseph Podulka served as the Chief Financial Officer, and James Alexander […]

AI translated

ForkLog 24 03.05.2024

Dutch Authorities Arrest Suspect in ZKasino Fraud Case

On April 29, the Dutch Fiscal Information and Investigation Service arrested a suspect linked to the blockchain casino scam ZKasino. During a search of the 26-year-old man’s apartment, digital data carriers were seized. Assets worth over €11.4 million ($12.2 million), including real estate, a car, and cryptocurrencies, were confiscated. The suspect is in custody pending […]

AI translated

ForkLog 7 02.05.2024

New York Resident Charged with Running $43 Million Crypto Ponzi Scheme

The U.S. Attorney’s Office for the Southern District of New York has charged Idin Dalpur with orchestrating a multi-year Ponzi scheme involving digital assets, causing losses estimated at $43 million. The suspect was arrested on May 1, with the initial court hearing taking place the same day. According to investigators, Dalpur had been running the […]

AI translated

ForkLog 13 01.05.2024

Beribit Exchange Accused of Fraud by Clients

At least 20 clients of the cryptocurrency exchange Beribit have filed police reports alleging fraud by the platform, according to the Telegram channel “Baza”. One affected individual claims to have deposited 121.7 million rubles into the exchange, with all his savings now frozen. The total amount of funds blocked on Beribit is estimated to be […]

AI translated

ForkLog 29 29.04.2024

Shiba Inu Community Warned of Scammers and Fake Tokens

Fake accounts have emerged on Telegram, posing as members of the Shiba Inu (SHIB) meme token team, according to Shibarmy Scam Alerts. ?SHIBARMY WARNING:? Another Fake account on Telegram Impersonators/Scammers who often create accounts so they can provide misleading information to create doubt, misdirect you to fake websites or even obtain details about your lives, […]

AI translated

#Scammers