Scammers | ForkLog

ForkLog 112 14.10.2024

MrBeast Accused of Promoting Scam Tokens by Researcher

YouTube personality MrBeast allegedly earned over $10 million by investing in low-cap tokens and promoting them. This conclusion was drawn by anonymous on-chain analyst SomaXBT, as reported here. 1/ An investigation into @MrBeast ,how he allegedly made $10M+ by backing low-cap IDO crypto tokens promoted by influencers like Lark Davis, CryptoBanter, KSI, and others. Many […]

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ForkLog 145 11.10.2024

AI Tools Exploit KYC Loopholes in Cryptocurrency Exchanges

Malefactors are employing AI-based software to circumvent stringent KYC measures on cryptocurrency exchanges, according to a report by security firm Cato Networks. The tool, named ProKYC, represents a “new level of sophistication” in crypto fraud. It marks a significant advancement over older methods used by cybercriminals to bypass two-factor authentication and KYC. Instead of purchasing […]

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ForkLog 172 10.10.2024

Russian Hackers Exploit AI ‘Deepnude’ Generators to Spread Malware

Russian hackers are deploying ‘AI Deepnude generators’—software designed to create nude images of women from uploaded photos—to infect users’ devices with viruses, according to a report by security firm Silent Push. Experts indicate that the hacker group FIN7 has established at least seven websites offering tools to ‘undress’ women. Potential victims are prompted to download […]

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ForkLog 35 28.09.2024

Cryptocurrency Whale Loses $32 Million in Phishing Attack

An unknown user lost 12,083 spWETH tokens from the Spark DeFi protocol, valued at approximately $32.4 million, after signing a malicious transaction. This incident was highlighted by ScamSniffer. ? 43 mins ago, someone lost 12,083 spWETH ($32.43M) after signing a “permit” phishing signature.? pic.twitter.com/y7PQZW2FZq — Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) September 28, 2024 According […]

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ForkLog 16 18.09.2024

NanoBit and CoinW6 Accused of Fraud via Social Media

SEC accused cryptocurrency platforms NanoBit and CoinW6 of deceiving investors and stealing their money through a series of social media scams. Two complaints have been filed against five organizations and three individuals. According to the regulator, NanoBit employees solicited funds from October 2023 to June 2024 through WhatsApp groups, posing as “financial industry professionals.” They […]

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ForkLog 50 10.09.2024

Yandex’s Cryptocurrency Ad Ban Sparks Surge in Scams

At the end of August, Yandex banned advertisements for nearly all crypto services on its platform, leading to a surge in fraudulent activities. This was highlighted by experts from the AML service BitOK. Now, any search query containing the word “cryptocurrency” results in numerous scam courses and signal advertisements being displayed. The disappearance of Russian […]

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ForkLog 21 10.09.2024

SEC’s Crypto Startup Penalties Reach Record $4.7 Billion

The amount collected by the SEC from enforcement actions related to digital assets in the 2024 fiscal year surged by 3018%, reaching a record $4.7 billion. These calculations were provided by Social Capital Markets. This was primarily driven by the settlement with Terraform Labs and its former CEO Do Kwon for $4.47 billion. In the […]

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ForkLog 51 09.09.2024

AI Music Creator Accused of $10 Million Fraud

A suspected fraudster allegedly earned over $10 million in royalties since 2017 by creating AI-generated songs, uploading them to streaming platforms, and artificially inflating play counts. This is according to a statement from the U.S. Attorney’s Office for the Southern District of New York. Michael Smith, a 52-year-old resident of North Carolina, is accused of […]

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ForkLog 13 05.09.2024

Russian Financial Pyramid Attempts Deceptive Entry into Digital Asset Market

An unnamed Russian platform for issuing digital financial assets (DFA) encountered fraudsters attempting to list their token on the market. This was revealed by the Deputy Chairman of the Bank of Russia, Philip Gabunia, as reported by Interfax. According to the official, the asset belonged to a certain financial pyramid, and the incident occurred “on […]

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ForkLog 45 04.09.2024

FTC Reports Tenfold Increase in Bitcoin ATM Fraud Losses

The United States Federal Trade Commission (FTC) estimated that from 2020 to 2023, losses from cryptocurrency ATM fraud increased nearly tenfold. In the first half of 2024, they exceeded $65 million, with actual damages potentially much higher. Bitcoin ATM losses by year. Source: FTC. Fraudsters contact potential victims via email or phone, posing as employees […]

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ForkLog 17 29.08.2024

Cryptocurrency Fraudster Undergoes Plastic Surgery to Evade Arrest in South Korea

South Korean police have apprehended the leader of a fraudulent scheme who embezzled 16 billion won ($12 million) from clients under the guise of cryptocurrency investments, according to local media. Investigators report that the 40-year-old suspect promoted a company purportedly involved in cryptocurrency mining from November 2021 to June 2022. He promised clients a monthly […]

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ForkLog 23 29.08.2024

Inferno Drainer Resumes Activity Amid Bull Market

The number of malicious dapps using the Inferno Drainer service to steal cryptocurrencies has tripled over six months, reaching 40,000. This is reported by Cointelegraph, citing statistics from Blockaid. Data: Blockaid. In November 2023, the team behind the crypto drainer announced the tool’s closure, yet it has become active again this year. “At the beginning […]

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