**US Sentences Chinese National for Role in $36.9 Million Crypto Scam**

Yesterday, a federal court in the United States handed down a significant sentence to a Chinese national, convicted of his role in a brazen crypto scam that netted over $36.9 million from unsuspecting investors worldwide.

According to sources close to the case, Wang Xiaoyu, 39, was found guilty on charges of conspiracy to commit wire fraud and money laundering by a federal jury in August this year. The scheme, which exploited vulnerabilities in cryptocurrency markets, involved the creation of fake websites and social media accounts mimicking those of reputable crypto exchanges.

Victims were lured into investing in fake cryptocurrency offerings, with Wang Xiaoyu and his co-conspirators using proceeds from the scam to purchase luxury properties and high-end vehicles. In total, over 2,000 individuals fell prey to the scheme, with losses amounting to a staggering $36.9 million.

The conviction of Wang Xiaoyu marks a significant victory for law enforcement agencies, who have been battling an onslaught of crypto-related scams in recent years. "This case highlights the importance of international cooperation in combating cybercrime," said a spokesperson for the US Department of Justice. "We will continue to work closely with our foreign partners to bring perpetrators of these crimes to justice."

As part of his sentence, Wang Xiaoyu was ordered to forfeit over $3 million in ill-gotten gains and pay a further $1 million fine. His co-conspirators remain at large, sparking concerns that more may be involved in the scheme.

**DDoS Attack on AWS Leaves Firms Shaking**

Meanwhile, a massive distributed denial-of-service (DDoS) attack on Amazon Web Services (AWS) has left cybersecurity experts scrambling to contain the fallout. The assault, which lasted an unprecedented 8 hours, saw hackers overwhelm AWS servers with traffic from multiple vectors.

Cybersecurity researchers have linked the attack to a sophisticated group known for their brazen tactics and willingness to go after major targets. According to reports, the attackers' arsenal included botnets sourced from compromised IoT devices and other infected networks.

While AWS officials were quick to downplay the incident as a "minor disruption," industry insiders are expressing concerns about the scale of the attack and its potential for escalation. With more organizations transitioning their operations to cloud-based infrastructure, the vulnerability presented by these platforms has never been greater.

The DDoS attack on AWS serves as a stark reminder that even the largest and most secure networks can be vulnerable to sophisticated attacks from highly motivated groups. As hackers continue to push the boundaries of what is possible in terms of scale and complexity, cybersecurity professionals must remain vigilant and proactive in their defense strategies.