🔐 Cyber News (July 17, 2024):

1️⃣ Cyvers: The decentralized finance (DeFi) protocol Dough Finance suffered a flash loan attack, resulting in a loss of $1.8 million in various cryptocurrencies. 💸

2️⃣ Chainalysis: Since 2019, cryptocurrency platforms have received digital assets worth approximately $100 billion from known illicit wallets. 🚨

3️⃣ ASIC: The Sydney District Court found John Bigatton, an Australian promoter of the $2.4 billion BitConnect fraud scheme, guilty of providing unlicensed financial services. He was sentenced to three years of restricted freedom under good behavior conditions and is barred from managing any business for five years. ⚖️

4️⃣ Cyvers Alerts: On July 16, the Cyvers Alerts service detected suspicious transactions within the LiFi protocol. At the time of writing, the incident is ongoing, with damages amounting to $8 million. 🔍

5️⃣ DFI: The Washington DC Department of Financial Institutions (DFI) has uncovered a fraudulent digital asset scheme. The defendants in the case were so-called “business schools” and academies that offered users training in cryptocurrency investments. 🪙

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