Scammers | ForkLog

ForkLog 10 03.02.2024

SEC Accuses Bitcoin Academy Founder of $1.2 Million Fraud

The U.S. Securities and Exchange Commission (SEC) has accused Brian Sewell, founder of the online course American Bitcoin Academy, and his company Rockwell Capital Management of fraud. According to the agency, 15 students seeking to learn digital asset trading were defrauded of a total of $1.2 million. The SEC stated that from early 2018 to […]

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ForkLog 15 02.02.2024

Cybertrace Warns of Deepfake Scams Featuring Billionaire Andrew Forrest

Deepfakes of Australian magnate Andrew “Twiggy” Forrest, promoting a fraudulent cryptocurrency trading platform, have circulated online, according to cybersecurity firm Cybertrace. Cybertrace Investigators have identified a #deepfake video of Australian businessman Andrew Forrest. The original video was posted to the @rhodes_trust YouTube Channel. #ScamAlert #scam https://t.co/4uLSD7cXWg@FortescueFuture @FortescueNews — Cybertrace (@Cybertrace_com) January 31, 2024 The video […]

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ForkLog 44 30.01.2024

SEC Charges HyperFund with $1.7 Billion Fraud

The U.S. Securities and Exchange Commission (SEC) has charged the crypto project HyperFund with defrauding investors of $1.7 billion. According to the lawsuit, company founders Xu Li and Brenda Chunga, also known as Sam Li and Bitcoin Beautee, raised the aforementioned sum from “people worldwide” between 2020 and 2022. The founders promoted HyperFund as an […]

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ForkLog 42 29.01.2024

CFTC Warns of AI-Driven Fraud

Fraudsters are leveraging artificial intelligence to deceive investors, with the popularity of social media and influencers facilitating the spread of false information, according to a warning from the Customer Education and Outreach Office of the CFTC. “Unfortunately, AI has become yet another tool for fraudsters to deceive unsuspecting investors,” the statement reads. According to the […]

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ForkLog 25 24.01.2024

Ukraine Tallies Cryptocurrency-Related Criminal Cases in Courts

Since 2014, the Unified State Register of Court Decisions in Ukraine has recorded information on over 1,500 rulings in criminal cases related to various cryptocurrencies, according to local media. The majority of these criminal cases (420 proceedings) are associated with fraud, often involving activities of various financial pyramids. In 345 cases, digital assets are mentioned […]

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ForkLog 21 22.01.2024

Automated Scam Scheme Defrauds $32 Million, Experts Reveal

Since April 2023, unidentified individuals have created over 1,300 fraudulent tokens, executing a rug pull that has stolen more than $32 million from approximately 42,000 users, according to analysts at Blockfence. ? MASSIVE $32M RUG PULLS OPERATION UNVEILED ?We are sharing an investigation conducted by our team, which resulted in:— More than 1.300 different token […]

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ForkLog 20 21.01.2024

CFTC Accuses Debiex of $2.3 Million Fraud

The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit in an Arizona district court against the digital asset platform Debiex, alleging fraud amounting to $2.3 million. According to the charges, since March 2022, representatives of Debiex have been forming friendly or romantic relationships with potential victims to gain their trust. Subsequently, they encouraged […]

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ForkLog 41 19.01.2024

Minsk Resident Defrauded of $20,000 in Cryptocurrency Scam

A 28-year-old resident of Minsk has fallen victim to a cryptocurrency investment scam, according to a report from the local Investigative Committee. The victim met a woman through a messaging app, who later introduced him to the idea of earning through digital assets. She offered to connect him with her acquaintances, described as “brokers.” Following […]

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ForkLog 35 19.01.2024

Chainalysis Reports Decline in Illicit Crypto Revenues for 2023

In 2023, the volume of illegal revenues from crypto scams and hacks decreased by 29.2% and 54.3%, respectively, according to a report by Chainalysis. For the first year since 2020, illicit transaction volume fell, from $39.6B in 2022 to $24.2B. As always, these figures are estimates based on illicit addresses we’ve identified as of now. […]

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ForkLog 28 15.01.2024

Over Half of Cryptocurrencies Tracked by CoinGecko Have Failed

Of the 24,000 cryptocurrency projects listed on the CoinGecko aggregator since 2014, 14,039 have ceased to exist. Ever wondered how many cryptocurrencies have failed? Our study shows that over 50% of all cryptocurrencies have died. Of the over 24,000 cryptocurrencies listed on CoinGecko since 2014, 14,039 have died. Read the full study: https://t.co/idaxCf0SWH pic.twitter.com/GFjERHU4co — […]

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ForkLog 70 15.01.2024

Michael Saylor Warns of Deepfake Scams Featuring Himself

The MicroStrategy team has removed approximately 80 deepfake videos featuring the company’s founder, Michael Saylor, from YouTube, most of which promoted crypto scams. ⚠️ Warning ⚠️ There is no risk-free way to double your #bitcoin, and @MicroStrategy doesn’t give away $BTC to those who scan a barcode. My team takes down about 80 fake AI-generated […]

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ForkLog 39 15.01.2024

UN Highlights USDT’s Role in Money Laundering Schemes

The stablecoin USDT has become a popular tool among fraudsters and money launderers, according to a report by the United Nations Office on Drugs and Crime, as reported by the Financial Times. The organisation notes that the asset is increasingly used in romantic scams, the “pig butchering” scheme, and on the black market of online […]

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