🔐 Cybersecurity News (November 8, 2023):

1️⃣ Coindesk: In India, 18 people have been arrested on suspicion of involvement in a massive $300 million #fraud scheme called Korvio Coin. 👮‍♂️😱 Interestingly, among the wrongdoers are four local police officers.

2️⃣ X: The founder of Estonia's LHV Bank received 250,000 ETH (approximately $470 million) as a result of launching an Initial Coin Offering (ICO) for Ethereum. However, he ran into a problem - he lost access to his wallet where the funds were stored. 😮🔑 Coinbase Director Conor Grogan drew attention to this.

3️⃣ The Hindu: India's National Investigative Agency has charged a resident of Visakhapatnam city with spying for Pakistan. According to the agency, the accused, Manmohan Surendra Panda, conspired with a Pakistani intelligence officer to provide him and his colleagues with classified information related to the Indian Navy. 🕵️‍♂️🚢 Specifically, he disclosed confidential information about naval ships and submarines.

4️⃣ CFTC: This year, #cftc has handled a record number of cases related to digital assets. As a result, the agency has issued fines and compensations totaling $4.3 billion. 📚💸

5️⃣ Ukraine Economic Outlook: The unregulated #cryptocurrency market has cost #ukraine more than $52.8 billion from 2016 to 2022. Experts have calculated the potential income that citizens could have gained from investing in cryptocurrencies, mining farm revenues, and the issuance of stablecoins within the country. 💰😔

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