Scammers | ForkLog

ForkLog 19 28.04.2024

Taiwanese Prosecutors Seek 20-Year Sentence for ACE Exchange Founder

The Taipei District Prosecutors Office has requested 20-year prison sentences for four key suspects in a fraud and money laundering case linked to the cryptocurrency exchange ACE Exchange, reports Taipei Times. Among the accused are the platform’s founder, David Pan, his business partner Lin Keng-hong, and lawyer Wang Chen-huan, who served as the exchange’s chairman. […]

AI translated

ForkLog 22 26.04.2024

US Influencer Sentenced to Seven Years for Cryptocurrency Fraud

A federal court in Brooklyn has sentenced Instagram influencer Jebara Igbara, known as Jay Mazini, to 84 months in prison for orchestrating cryptocurrency scam schemes. He was found guilty of wire fraud, conspiracy, and money laundering amounting to at least $8 million. The sentence also mandates the forfeiture of $10 million from the defendant. The […]

AI translated

ForkLog 15 26.04.2024

SEC Accuses Bitcoin Miner Geosyn Mining of $5.6 Million Fraud

SEC filed a lawsuit against the mining company Geosyn Mining and its two co-founders, accusing them of an unregistered and fraudulent securities offering. The regulator claims that the firm, along with Caleb Ward (CEO) and Jeremy McNatt (COO), raised approximately $5.6 million from more than 60 investors between November 2021 and December 2022. The defendants […]

AI translated

ForkLog 56 24.04.2024

Telegram Unveils Toncoin Investment Scam

Fraudsters are promoting a financial pyramid scheme in Telegram based on investments in the cryptocurrency Toncoin (TON). This was reported by experts from Kaspersky Lab. Participants are encouraged to purchase one of the “booster” plans and invite friends to the project via a referral link, promising passive returns in TON. Plans range from “bicycle” to […]

AI translated

ForkLog 32 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 25 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 16 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 12 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 8 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 18 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 12 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 26 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

#Scammers