🔐 Cyber News (July 31, 2024):

1️⃣ TRM Labs: Russian-speaking hackers from CIS countries have emerged as a dominant force in global #cybercrime related to digital assets. Research reveals that these Russian-speaking criminals are behind at least 69% of ransomware revenue, amounting to over $500 million in 2023. 💰

2️⃣ Norwich Evening News: The Royal Court of Norwich (UK) has sentenced Elliot Ganton to 3.5 years in prison for his role in a hacking conspiracy designed to steal funds from Coinbase customers. ⚖️

3️⃣ CBR: In the first half of 2024, 59% of the 1,723 financial pyramids identified were funded with cryptocurrencies. Scammers often promote these schemes by disguising them as clicker games or meme coins. 🎮

4️⃣ The Block: Since the start of 2024, cryptocurrency companies have experienced 149 incidents of #hacking and fraud, with losses totaling over $1.19 billion. 💸

5️⃣ Beosin Alert: On July 31, a #hacker targeted the #Terra (Phoenix-1) network, stealing digital assets worth approximately $5.2 million. The hacker withdrew 60 million ASTRO, 3.5 million USDC, 500,000 USDT, and 2.7 BTC. 🚨

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