🔐 Cyber News (Aug 15, 2024):

1️⃣ Gov.ua: Ukrainian law enforcement has wrapped up an investigation involving 10 members of a criminal group that solicited funds under the pretense of cryptocurrency investments. The scheme was orchestrated by three individuals from the Zhytomyr region, with accomplices from various parts of Ukraine. The group advertised profit opportunities from crypto trading in Telegram chats. 💰

2️⃣ CoinDesk: Hacking incidents and breaches continue to pose significant threats to the decentralized finance (DeFi) sector, even with a reduction in total damages in 2023. A report highlights the top 100 hacks in DeFi from 2016 to 2023, revealing total losses of $7.4 billion, predominantly affecting projects on the Ethereum, BNB Chain, and Polygon blockchains. 🔒

3️⃣ BCSC: David Smiley, the founder of the Canadian trading platform ezBtc, faces allegations of cryptocurrency #fraud totaling $9.5 million. He reportedly misappropriated client funds and used them for gambling activities. 🎲

4️⃣ AustLII: The Australian Competition and Consumer Commission (ACCC) analyzed Facebook advertisements related to digital assets. Their findings showed that over 58% of banners, videos, and other ads violated Meta's advertising policies or were potentially linked to fraudulent activities. 📊

5️⃣ NST: In Malaysia, authorities have arrested and charged six suspects in the kidnapping of a Chinese national, demanding a ransom of $1 million in cryptocurrency. 🚨

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