PlusToken Scam: How To Launder 11,999 BTC and Get Bitcoin Another Notch Lower PlusToken Scam: How To Launder 11,999 BTC and Get Bitcoin Another Notch Lower

A Chinese pyramid scheme called PlusToken has managed to gain notoriety as a significant factor influencing Bitcoin’s price. Just recently, a hefty bunch of 11,999 BTC from its wallet started moving, putting the watchful members of the community on high alert: an en masse sell-off of this much Bitcoin wouldn’t be a good thing for […]

Warning: Scammers Use ForkLog and CoinDesk Brands to Trick Users Out of Their Money

Disclaimer: ForkLog is not engaged in any exchange services and does not provide any trading consultations. The list of ForkLog’s social media is available on the official website. Scammers name-steal ForkLog’s brand to deceive our readers and trick users out of their money. They do not only mislead regular users but even top managers of […]

How To Spot a Shitcoin?

There is no shortage of coins and tokens in the crypto-industry. How many of them are any good is the question. 

OneCoin Ponzi Scheme: Scam of the Decade Continues in 2020’s Oceania

Recently, we’ve published an investigation into a large-scale Ponzi-scheme called OneCoin. The scheme had its branches in several different countries across several continents, defrauding people of billions of dollars.

Dead Man’s Chest: A Story of QuadrigaCX CEO Gerald Cotten Who Took $137 Million Worth of Users’ Assets to the Grave

On December 9, 2018, in the Indian city of Jaipur QudrigaCX CEO Gerald Cotten (30) allegedly died of cardiac arrest. He was reported to have suffered from Crohn’s disease and on the day of his death turned out to be the only holder of private keys to cold wallets with QuadrigaCX’s users’ assets worth $137 […]

Another Pyramid That Could: Cashbery, Crypto, and the Legacy of a Post-Soviet Scam Legend

There are important lessons that go by with seemingly minuscule effects. The legendary MMM, a pyramid scheme orchestrated by Sergei Mavrodi in the 1990s, is one of them. The post-Soviet countries of the period were somewhat of a Wild West. The opportunities were huge, but not everybody was in a position to seize them. Those […]

Scam of the Decade: the Story of a Doctor of Law Who Organized the OneCoin Ponzi Scheme and Vanished With Billions of Euros

Many OneCoin investors still believe they are taking part in the global financial revolution. Despite a slew of arrests and serious allegations mounted against the organizers of the scheme, they continue to invest, oblivious to any criticism. What started as just another Ponzi scheme has eventually evolved into the largest scam of the decade and […]

From Dublin With Love: the Strange Case of Bitsane’s Disappearance With Millions of Euros

In mid-July 2019, the website of the Irish bitcoin exchange Bitsane launched in late 2016 suddenly became empty, all social media accounts were deleted, and the assets of almost 250 thousand users disappeared along with the team. The administration bravely ran away.

BiteBTC Crypto Exchange Pulls an Alleged Exit Scam. CoinMarketCap Warns of Withdrawals Being Halted

BiteBTC, a little-known cryptocurrency exchange allegedly based in Singapore, has halted withdrawals and is blocking clients’ accounts, several affected users told Forklog.com. A similar warning was also posted by CoinMarketCap.

Users Accuse Blockchain-Based Lottery KIBO of Scam

As of October 1, KIBO has been running its ICO having raised Ethereum-denominated equivalent of $3 million so far. During this time, ForkLog received numerous letters from our readers pointing out about the project’s dubious reputation and going as far as accusing the platform’s creators of being downright scammers.

Revealed: Cheating a Bitcoin Cheater on eBay

Online scams and fraud are increasing every day and, sadly enough this activity often includes cryptocurrencies. Moreover, fraud is not about the darknet only, one can be cheated on trusted sites like eBay as well.