Scammers | ForkLog

ForkLog 24 22.04.2024

ZKasino Accused of Misappropriating $33 Million in User Funds

The developers of blockchain casino ZKasino transferred 10,515 ETH, valued at $33.9 million, to the Lido staking protocol instead of returning these funds to users and investors. Ethereum was deposited by early project participants through a bridge for farming the native token ZKAS. The project team had promised that they would be able to reclaim […]

AI translated

ForkLog 21 21.04.2024

Indian National Admits to $9.5 Million Theft from Coinbase Users

A 30-year-old Indian national, Chirag Tomar, has confessed to charges of creating a fake website of the cryptocurrency exchange Coinbase and stealing $9.5 million in digital assets. This was reported by CoinDesk, citing court documents. On December 20, 2023, Tomar arrived in the United States on a tourist visa to visit family but was arrested […]

AI translated

ForkLog 13 19.04.2024

Hong Kong Police Arrest 72 in Connection with JPEX Bitcoin Exchange

Hong Kong police have announced the arrest of 72 individuals as part of an investigation into fraud at the cryptocurrency exchange JPEX. This was reported by local media. Authorities have also frozen assets amounting to 228 million HKD ($29.37 million). In total, the police received 2636 reports from victims, with damages amounting to approximately 1.6 […]

AI translated

ForkLog 5 17.04.2024

Tom Holland’s X Account Compromised to Promote Crypto Scam

Hackers breached the X social media account of British actor Tom Holland, known for his role as Spider-Man, to post a phishing link targeting the crypto community. This was reported by U.Today. Source: U.Today. The perpetrators used the Marvel Cinematic Universe actor’s account to announce a “fake” launch of a Spiderverse project in collaboration with […]

AI translated

ForkLog 7 16.04.2024

Founders of ‘Greenstar Mining’ Sentenced to Prison in Irkutsk

On April 11, the Oktyabrsky District Court of Irkutsk delivered a guilty verdict to five residents of the Chelyabinsk region involved in the fictitious sale of cryptocurrency mining equipment through the company ‘Greenstar Mining’. According to the case materials, since 2021, the defendants advertised their services online, offering to supply miners with a 50% prepayment. […]

AI translated

ForkLog 11 15.04.2024

Researcher Warns of Scam Protocol Leaper Finance

On-chain investigator ZachXBT has uncovered a group of fraudsters attempting to lure new victims through the DeFi liquidity protocol Leaper Finance on the L2 network Blast. Community Alert: The group of scammers who stole 8 figs with Magnate, Kokomo, Lendora, Solfire, etc is back with a new project on Blast @Leaperfinance Last week they funded […]

AI translated

ForkLog 11 11.04.2024

Half of Solana Pre-Sales Deemed Fraudulent

Approximately 50% of projects on the Solana network that employed token distribution through pre-sales have been found to be fraudulent, according to a CoinDesk report citing Blockaid. Malefactors utilised social engineering tactics on Telegram, X, and Discord to deceive users into interacting with malicious smart contracts or websites, experts noted. “[Criminals] focus on both meme […]

AI translated

ForkLog 19 10.04.2024

Founder of ACE Exchange Charged with $10.7 Million Fraud

Taiwanese prosecutors have charged David Pan, the founder of local cryptocurrency exchange ACE Exchange, and six accomplices with money laundering and fraud amounting to at least $10.7 million. According to the authorities, the trading platform managed the Alfred Wallet app and A+Card through an offshore entity. Users deposited cryptocurrencies into accounts, which the exchange’s team […]

AI translated

ForkLog 14 04.04.2024

Former OneCoin Compliance Chief Sentenced to Four Years in Prison

A U.S. court has sentenced Irina Dilkinska, the former head of legal and compliance for the cryptocurrency pyramid scheme OneCoin, to four years in prison and a $111 million fine. After serving her term, she will spend an additional month under supervision. According to court documents, Dilkinska, along with Ruja Ignatova and Karl Sebastian Greenwood, […]

AI translated

ForkLog 17 04.04.2024

Wormhole Airdrop Draws Scammers, Token W Drops 20%

On April 3, the cross-chain protocol Wormhole conducted an airdrop of its W token, which was subsequently listed by many CEX. However, the airdrop attracted significant attention from scammers, adversely affecting the token’s price. According to on-chain investigator ZachXBT, the official announcement from developers was flooded with “tons” of phishing attempts from fraudulent accounts, many […]

AI translated

ForkLog 8 27.03.2024

South Korean Fraudsters Swindle $4.1 Million in Cryptocurrency Scam

Busan police have apprehended two individuals for defrauding an elderly citizen of 5.5 billion won ($4.1 million) under the guise of cryptocurrency investments, as reported by local media. According to the case materials, the victim was promised a 70% return on monthly investments of 1 billion won. From September to December 2022, the fraudsters received […]

AI translated

ForkLog 14 26.03.2024

Surge in Cryptocurrency-Related Court Cases in Russia

In 2023, Russian courts examined 2,653 cases related to cryptocurrencies, a fivefold increase from the 510 cases in 2021. This information comes from a study by the educational platform Moscow Digital School and the law firm EBR, available to ForkLog. 62% of last year’s proceedings were related to bankruptcy disputes, marking a 91% rise from […]

AI translated

#Scammers