Scammers | ForkLog

ForkLog 68 06.07.2025

US Secret Service Amasses $400 Million in Seized Cryptocurrency

The Global Investigative Operations Center (GIOC) of the US Secret Service has seized digital assets worth approximately $400 million in recent years, according to Bloomberg sources. The majority of the agency’s assets are stored in a single cold wallet, making it one of the largest in the world. The agency built its crypto fund through […]

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ForkLog 37 27.06.2025

How to report crypto fraud: structure, evidence and phrasing

If you have fallen victim to crypto fraudsters, act quickly: gather evidence, record the transactions and pass the information to the exchange or the police. Grigory Osipov, director of investigations at “Shard”, explains how to prepare a report that will help launch an investigation and recover assets. How to organise transaction information If stolen funds […]

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ForkLog 23 24.06.2025

Bitmama Sentenced to Seven Years in Prison

The Presnensky District Court of Moscow has sentenced Valeria Fedyakina, known by the alias Bitmama, to seven years in a general regime colony for fraud. This was reported by TASS. Fedyakina was found guilty under Part 4 of Article 159 of the Criminal Code of the Russian Federation (fraud on a particularly large scale). The […]

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ForkLog 106 23.06.2025

Self Chain CEO Dismissed Amid $50 Million OTC Scam Allegations

Blockchain project Self Chain has removed founder Ravindra Kumar from his role as CEO following a scandal involving a $50 million fraud. Self Chain Governance Update Due to recent developments that diverge from the founding vision of Self Chain, we are initiating a decisive leadership transition that reinforces our long-term vision. This marks an important […]

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ForkLog 70 21.06.2025

Self Chain Founder Denies Involvement in $50 Million OTC Scam

Ravindra Kumar, the founder of the cryptocurrency project Self Chain, has denied accusations of involvement in a fraudulent scheme that resulted in investors losing up to $50 million. I’ve been accused of serious wrongdoing, which is completely false. My legal team and I are working on a statement to address this matter. Stay tuned for […]

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ForkLog 45 18.06.2025

India, Indonesia, and CIS Lead in Fraudulent Activity Rankings

The cryptocurrency exchange MEXC reported a threefold increase in coordinated trading fraud in the first quarter of 2025, with the majority occurring in India, Indonesia, and CIS countries. The platform identified 80,057 attempts at organized fraud, including money laundering, market manipulation, and the use of trading bots. MEXC discovered over 3,000 separate syndicates. India led […]

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ForkLog 249 16.06.2025

Researchers identify causes of ZKJ and KOGE crash on Binance Alpha

Polyhedra Network’s ZKJ and 48 Club Token (KOGE), popular on Binance Alpha, suddenly slumped. Researchers spotted signs of a coordinated dump of large holdings by several whales.

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ForkLog 44 26.05.2025

Crypto Investor Loses $2.6 Million in ‘Zero Transfer’ Scam

A user lost $2.6 million in USDT due to two phishing attacks carried out by fraudsters within three hours, according to analysts at Cyvers. ?ALERT?Our system has detected~2.6M $USDT loss from a targeted address poisoning scam involving zero-value transfers. A single victim was repeatedly scammed by the same attacker address. First, the victim lost 843K […]

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ForkLog 35 22.05.2025

AI System Developed to Combat Address Poisoning Attacks

Cybersecurity firms Trugard and Webacy have unveiled an AI system designed to detect “poisoned” crypto addresses, as reported by Cointelegraph. The tool employs a supervised machine learning model, calibrated using real-time transaction data. It also incorporates on-chain analytics, feature engineering, and behavioral context. Infographic on detecting a poisoned address. Source: Cointelegraph. The system demonstrated a […]

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ForkLog 38 22.05.2025

SafeMoon Founder Faces Up to 45 Years for Investor Fraud

A federal jury has found Braden John Karony, CEO of the DeFi project SafeMoon, guilty of cryptocurrency fraud. According to prosecutors, the accused and his accomplices misappropriated funds from the liquidity pool, despite public assurances of its safety and lock-up. Karony was convicted on three counts: conspiracy to commit securities fraud; wire fraud; money laundering. […]

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ForkLog 19 16.05.2025

AMLBot Exposes Vulnerability in Tether’s Wallet Freezing System

Blockchain analysts at AMLBot have identified a vulnerability in Tether’s wallet freezing procedure, which over six years has allowed criminals to withdraw $78.1 million. The issue stems from a delay between the request to freeze and its execution on the network. According to the report, Tether’s multi-step transaction approval process creates a “window of opportunity”: […]

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ForkLog 28 15.05.2025

Fraudulent Marketplace Haowang Shuts Down Following Telegram Channel Blockade

The largest illegal online platform, Haowang Guarantee, announced its closure. The decision followed the blocking of “thousands” of related channels by the Telegram team. According to Elliptic, Haowang processed over $27 billion in USDT. The platform operated as a marketplace for the sale of technology, data, and money laundering services, targeting clients in Southeast Asia. […]

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