Cybercrime | ForkLog

ForkLog 190 19.02.2025

Four Norwegians Charged with $80 Million Cryptocurrency Fraud

The Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime, Økokrim, has charged four citizens with orchestrating a cryptocurrency fraud scheme and money laundering. According to the authorities, the individuals operated between 2015 and 2018. They attracted potential victims by offering shares in a purportedly profitable business involved in mineral extraction investments. […]

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ForkLog 21 18.02.2025

Abstract Users Report Fund Theft via Cardex

The Ethereum-based L2 platform Abstract has encountered a leakage of funds from user wallets. A company representative, known by the pseudonym 0xBeans, announced an investigation into the incident.

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ForkLog 69 14.02.2025

Chainalysis Reports Crypto Fraud Losses Reach $9.9 Billion in 2024

Preliminary estimates suggest that losses from fraud in the crypto industry reached $9.9 billion in 2024, though the actual figure may set new records. These findings were shared by Chainalysis experts in the report Crypto Scam Revenue 2024. Source: Chainalysis. According to Chainalysis observations, scammer activity has grown by an average of 24% annually over […]

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ForkLog 25 13.02.2025

Russians Arrested in Thailand for $16.5 Million Bitcoin Theft

Police in Phuket, Thailand, have arrested four Russian nationals suspected of conducting ransomware cyberattacks on over 1,000 companies, resulting in damages amounting to $16.5 million. Earlier today we made a post regarding the arrest of 8base ransomware group. We have deleted that post due to misinformation. This is a correction post. Note: Our original source […]

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ForkLog 105 13.02.2025

WLFI Co-founder’s X Account Hacked to Promote Scam

On February 12, hackers compromised the X account of Zach Witkoff, co-founder of the cryptocurrency project World Liberty Financial (WLFI), associated with Donald Trump. @zachwitkoff’s account was compromised, and a fake Barron meme was posted. Please do not engage. We are resolving the issue ASAP. — WLFI (@worldlibertyfi) February 12, 2025 The hackers used the […]

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ForkLog 30 12.02.2025

Compromised zkLend Protocol Offers Hacker $960,000 Reward

On February 12, the L2 protocol zkLend, based on Starknet, suffered a loss of approximately 3666 ETH (valued at $9.6 million at the time of writing) due to a hack. The withdrawal function has been suspended. To the hacker: We understand that you are responsible for today’s attack on zkLend. You may keep 10% of […]

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ForkLog 19 12.02.2025

Analysts Detail Crypto Scammers’ Tactics for 2024

In 2024, social engineering has become the forefront of tactics employed by fraudsters and extortionists within the crypto industry. The primary attack vector has been the social network X, according to insights shared by analysts from Merkle Science. Experts examined 36 incidents that were constructed using social methods “from start to finish.” Data: Merkle Science. […]

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ForkLog 28 12.02.2025

Russian Provider Zservers Sanctioned for Aiding LockBit

The United States, Australia, and the United Kingdom have imposed sanctions on the Russian secure hosting provider Zservers for offering services to the LockBit ransomware group. ? SANCTIONED: Russian cyber entity ZSERVERS, the launchpad for crippling ransomware attacks, and their UK front, XHOST Internet Solutions LP. The UK is cracking down on the Russian cybercrime […]

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ForkLog 26 07.02.2025

Phishers Refine Tactics Targeting Phantom Wallet Users

Malefactors are attempting to acquire the private keys of Phantom wallet users through a phishing scheme involving fake updates, reports Scam Sniffer. ? UPDATE: Sophisticated Seed Phrase Phishing Tactic! Scammers now connect to REAL Phantom wallets first, then trick users with a fake “update extension” signature request. After approval, a FAKE modal appears demanding seed […]

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ForkLog 19 06.02.2025

Bitcoin Ransomware Revenues Plummet from $1.25 Billion to $813 Million

In 2024, ransomware operators generated $813 million in revenue, marking a 35% decline from the previous year’s $1.25 billion, according to a report by Chainalysis. Source: Chainalysis. The amount of stolen funds in the first half of the year rose by 2.4% compared to 2023, including $75 million paid to the Dark Angels group. However, […]

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ForkLog 84 06.02.2025

Users Suffer Losses from Meme Coin Scam on Hacked Jupiter X Account

On February 5, the official account of the DEX aggregator Jupiter on X was hacked by unknown individuals to promote a series of fraudulent meme tokens. The incident was reported by the Jupiter Mobile page (the tweet has since been deleted). Content of the original Jupiter Mobile tweet. Source: X. Users were advised not to […]

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ForkLog 9 04.02.2025

Coinbase Clients Lose Over $65 Million to Scammers in Two Months

Between December 2024 and January 2025, Coinbase users lost over $65 million due to social engineering scams, according to on-chain detective ZachXBT. 1/ Over the past few months I imagine you have seen many Coinbase users complain on X about their accounts suddenly being restricted. This is the result of aggressive risk models and Coinbase’s […]

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