🔐 Cyber News (Aug 3, 2024):

1️⃣ Cointelegraph: Over 70% of funds lost to hacks in the cryptocurrency sector are from centralized financial platforms (CeFi). 📉

2️⃣ PeckShield: In July, $266 million was stolen, with experts noting a total of 16 incidents. The majority of the losses were due to the hack of the Indian cryptocurrency exchange WazirX, which amounted to $230 million. 🏴‍☠️

3️⃣ CertiK: In July, cryptocurrency projects lost $278.8 million due to malicious activities, making it the second-largest loss in 2024. 💸

4️⃣ PeckShield: On the morning of August 1, 2024, an unknown #hacker attacked the decentralized protocol Convergence. They gained access to the project's smart contract, minted approximately 58 million CVG tokens, and sold them. 🔓

5️⃣ AFM: Employees of the Kazakhstan Agency for Financial Monitoring (AFM) tracked assets of the cryptocurrency pyramid scheme Eolus amounting to 250 million tenge (over $520,000), stolen from nearly 2,500 citizens across the country. The agency managed to trace the transactions and ensure the return of the funds to the country. The cryptocurrencies are now held in a special AFM account and will be reimbursed to the victims. 🔍

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