Scammers | ForkLog

ForkLog 25 27.02.2025

Pump.fun’s X Account Hacked to Promote Fraudulent Tokens

On February 26th, the X account of the “meme token factory” Pump.fun was hacked to promote fraudulent coins. The project team regained access to the account the same day.

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ForkLog 14 27.02.2025

US Justice Department Announces Extradition of Gotbit Founder

The founder and CEO of market maker Gotbit, Aleksei Andriunin, has been extradited from Portugal to the United States to face charges related to cryptocurrency fraud. This was reported by the US Department of Justice.

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ForkLog 21 26.02.2025

Raids Conducted in Moldovan Cities Over Cryptocurrency Exchange Fraud

The National Anti-Corruption Center of Moldova (CNA) and the capital’s prosecutor’s office announced a series of raids in the cities of Chisinau, Edinet, and Ungheni as part of an investigation into fraud. According to the CNA, a group of criminals deceived an elderly woman into investing 400,000 lei (over $21,500) through unnamed cryptocurrency platforms. They […]

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ForkLog 22 26.02.2025

User Loses Over $760,000 Due to Address ‘Poisoning’

A user inadvertently sent a large sum to a scammer’s wallet due to transaction history ‘poisoning’. Analysts at Scam Sniffer highlighted the incident. ?? A victim lost $763,662 due to transaction history poisoning — copied an address matching first 4 + last 6 chars of the real address. pic.twitter.com/i6KUl6la6a — Scam Sniffer | Web3 Anti-Scam […]

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ForkLog 16 24.02.2025

Expert Reveals How Scammers Exploit Trading Bots

Fraudsters are developing fake tokens with hidden backdoors to attack AI trading bots engaged in sniping. Kan Li from CertiK discussed this in an interview with Decrypt. This trading software monitors on-chain activity to identify new coins and purchases assets within seconds of liquidity appearing. Profits are derived from the subsequent price increase. The expert […]

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ForkLog 15 24.02.2025

KIP Protocol Denies Involvement with LIBRA Meme Coin

KIP Protocol was not involved in the development or launch of the LIBRA meme token, finding itself entangled in the situation due to the actions of third parties. According to representatives, the project did not profit from the coin. STATEMENT FROM KIP ON $LIBRA LAUNCH24 February 2025 We recognize the harm that the $LIBRA situation […]

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ForkLog 11 24.02.2025

KIP Protocol Denies Involvement with LIBRA Meme Coin

KIP Protocol was not involved in the development or launch of the meme token LIBRA, finding itself entangled in the situation due to the actions of third parties. According to representatives, the project did not profit from the coin. STATEMENT FROM KIP ON $LIBRA LAUNCH24 February 2025 We recognize the harm that the $LIBRA situation […]

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ForkLog 16 21.02.2025

Pi Network Token Plummets 50% Following CEX Listing

The initial results of Pi Network (PI) token’s listing on centralized exchanges have disappointed investors, with Bybit co-founder and CEO Ben Zhou labeling the project a scam. Launched in 2019, the Pi Network app allows users to mine PI on mobile devices. On February 20, 2025, the team launched the Open Network mainnet. Several CEX, […]

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ForkLog 19 21.02.2025

SafeMoon CTO Admits Guilt in $200 Million Crypto Fraud

Thomas Smith, the Chief Technology Officer of the DeFi project SafeMoon, has admitted guilt on two counts in a $200 million cryptocurrency fraud case. This was reported by Cointelegraph, citing a court statement from February 20. Smith changed his previous testimony and pleaded guilty to conspiracy to commit securities fraud and wire fraud. Each charge […]

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ForkLog 18 20.02.2025

Former Bybit Payroll Provider Employee Sentenced for $5.7 Million Theft

A former employee of Wechain Fintech, responsible for processing salaries for Bybit, has been sentenced to 9 years and 11 months in prison for embezzling $5.7 million, mostly in cryptocurrency, reports The Straits Times. Between May 31 and August 31, 2022, the woman made fraudulent entries in Excel files, adding fictitious payments supposedly owed to […]

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ForkLog 27 20.02.2025

After Gotbit: A large scam syndicate surfaces

Zeus gave Pandora a mysterious box (in fact, a pithos — a large jar) and forbade her to open it. Curiosity prevailed. When Pandora lifted the lid, all the world’s ills flew out: disease, war, suffering. Only hope remained at the bottom. On 15–16 February the LIBRA token launched, briefly championed in person by Argentina’s […]

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ForkLog 16 19.02.2025

Dave Portnoy’s GREED Coin Launch and Subsequent Price Collapse

On February 19, Dave Portnoy, the creator of the sports media platform Barstool Sports, launched the meme coin GREED on the Solana blockchain, acquiring 35.79% of the total supply for $357.9 million. Dave Portnoy(@stoolpresidente) created $Greed and bought 357.92M $Greed (35.79% of the total supply). He sold all $357.92M $Greed in a single transaction, causing […]

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