Scammers | ForkLog

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 39 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 43 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 20 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 30 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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ForkLog 68 02.05.2025

US Moves to Disconnect Fraudulent Huione Platform from Banking System

FinCEN has proposed disconnecting the Cambodia-based platform Huione Group from the American financial system. The regulator accused the company of laundering $4 billion, including funds linked to the North Korean hacker group Lazarus. According to the statement, Huione Group and its subsidiaries will lose access to correspondent accounts in the US. This will hinder the […]

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ForkLog 41 30.04.2025

Movement Labs Investigates Market Maker Collusion

The team at Movement Labs is investigating a deal with a market maker that led to the dumping of 66 million MOVE tokens and a subsequent drop in the asset’s price shortly after its listing. This was reported by CoinDesk, citing internal project documents. Deal Structure According to employee correspondence, Movement Foundation transferred 66 million […]

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ForkLog 24 30.04.2025

Fraudsters Target Ledger Users with Fake Letters

The hardware crypto wallet manufacturer Ledger has confirmed reports of a fraudulent scheme to steal seed phrases using paper letters. You are correct, this is a scam. We appreciate your efforts to warn others. Please stay vigilant against phishing attempts. Scammers impersonating Ledger and Ledger representatives are unfortunately common. While we actively report and block […]

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ForkLog 51 23.04.2025

Cryptocurrency Theft Software Operators Turn to Rental Model

The shift by developers of cryptocurrency theft malware—known as drainers—to a Drainer-as-a-Service (DaaS) model, akin to SaaS, has significantly simplified access to and use of the software. This is according to a report by AMLBot. Diagram of drainer operators working with their clients. Source: AMLBot. For a one-time fee of $100-300, novice fraudsters can rent […]

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ForkLog 37 18.04.2025

DappRadar: Web3 Ecosystem Loses ~$6 Billion to Rug Pulls Since January

From January to April, participants in the crypto industry lost approximately $6 billion due to rug pulls, with 92% attributed to the token of the RWA project Mantra (OM). This data is contained in a report by DappRadar. During this period, seven incidents were recorded, which is three times fewer than the same timeframe the […]

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ForkLog 23 14.04.2025

Indian Citizens Defrauded of $6 Million in Cryptocurrency Scam

A court in Heze, China, has adjudicated a case of investment fraud that victimised 66,800 Indian citizens. Nine individuals involved in the scheme have received prison sentences, according to local media. Case materials reveal that the criminal group was led by He Moutian. In May 2023, he rented an office in the Heze-Luxi district, acquired […]

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ForkLog 36 10.04.2025

Russians Cautioned Against Digital Ruble Scam

Experts from F6 have uncovered a fraudulent scheme promising passive income through investments in the digital ruble. The scheme is propagated across several websites, all created using a uniform template and registered between March 18 and April 4. On the webpage, users encounter the digital ruble logo and a chatbot with a “personal manager,” who […]

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