Adyen's shares plunged as aggressive competition in North America contributed to the slowest revenue growth since its initial public offering, erasing more than $19.6 billion of market value in a single day. From a report: Shares of the Dutch payment processing company fell a record 40.6% to $950 at 4:49 p.m. in Amsterdam, the lowest since May 2020. Trading was temporarily halted due to volatility multiple times in the day. Pricing competition, higher inflation and interest rates stunted revenue growth in the first half, the Amsterdam-based fintech firm said on Thursday. Net sales rose 21% to $803 million in the period, compared to an estimate of $843 million in a Bloomberg survey of analysts. Adyen has been a reliable growth stock, with revenue rising by at least 26% in every half since its listing in 2018 until the latest period. The disappointing results, which were also hurt by inflation and rising interest rates, suggest maintaining such momentum will be a challenge.

In a neighborhood in Seoul there's an ordinary red-brick, four-story building, reports Bloomberg — but there's something unique about the building's basement office. It's somehow the registered address of the Centre "whose extraordinary claims about a breakthrough in superconductor technology have shocked the scientific community and captivated the world."

Bloomberg also reports that:

- "No one responded when a Bloomberg News reporter knocked on the center's locked doors or reached out via LinkedIn."

- "Goods including bottles of sparkling water delivered to the center's address have been left untouched outside the office's entrance."

- "Multiple attempts to reach the scientists at the Quantum Energy Research Centre were not answered."

- "The center's website has also been closed and says it is 'under construction.'"

However, Kim Hyun Tak, one of the authors of the papers who is a research professor of physics at the College of William & Mary in Virginia, said the skeptical reaction is expected. "It's common practice when a new crucial discovery or invention is made public that there are more people who say that it's not credible," Kim said in a Zoom interview. "It's a natural thing for some people to laugh at it because it's the first time, and they don't even know what it is, but as time passes, they start to believe it...."

In response to questions about why the Quantum Energy Research Centre hasn't provided the materials to other scientists, Kim said that it doesn't have enough inventory of the LK-99 compound nor time to recreate it, and that the researchers have been distracted by the number of journalists trying to contact them. "You know that the office is extremely small and in a poor state." he said. "It's so small, and you need the money to make the compounds. That's why they cannot mass-produce it."

Despite the questions, he remained defiant that the research was sound. "The experimental data speaks for itself," Kim said. "We know it because we're the ones who synthesized it and conducted the studies."
"The claim has been met with widespread excitement globally," adds Bloomberg, "sending related stocks soaring in South Korea and China, but also skepticism as past claims had been later proven wrong."

An anonymous reader quotes a report from Reuters: China's cyberspace regulator said on Wednesday children under the age of 18 should be limited to a maximum of two hours a day on their smartphones, sending shares in tech companies tumbling. The Cyberspace Administration of China (CAC) said it wanted providers of smart devices to introduce so-called minor mode programs that would bar users under 18 from accessing the internet on mobile devices from 10 p.m. to 6 a.m. Providers would also have to set time limits under the proposed reforms, the CAC said. Users aged 16 to 18 would be allowed two hours a day, children aged eight to 16 would get one hour while children under eight would be allowed just eight minutes. But the CAC said service providers should allow parents to opt out of the time limits for their youngsters. Xia Hailong, a lawyer at the Shanghai Shenlun law firm, said it'll take "a lot of effort and additional costs" for internet companies to implement these new regulatory requirements. "And the risk of non-compliance will also be very high. So I believe that many internet companies may consider directly prohibiting minors from using their services."

Norway's data protection regulator has accused Meta of violating user privacy by tracking their activities, threatening to fine the company $100,000 per day if it fails to take corrective action. "It is so clear that this is illegal that we need to intervene now and immediately," said Tobias Judin, head of Norway's privacy commission, Datatilsynet. Engadget reports: The move follows a European court ruling banning Meta from harvesting user data like location, behavior and more for advertising. Datatilsynet has referred its actions to Europe's Data Protection Board, which could widen the fine across Europe. The aim is to put "additional pressure" on Meta, Judin said. (Norway is a member of the European single market, but not technically an EU member.)

Meta told Reuters that it's reviewing Datatilsynet's decision and that the decision wouldn't immediately impact its services. "We continue to constructively engage with the Irish DPC, our lead regulator in the EU, regarding our compliance with its decision," a spokesperson said. "The debate around legal bases has been ongoing for some time and businesses continue to face a lack of regulatory certainty in this area."

The Washington Post begins a recent article with the story of an 18-year-old drug dealer with mental health issues named Zachary Burkard, who shot two unarmed 17-year-olds with a "ghost gun" he built from a kit bought online.

The father of one of those 17-year-olds thinks "They've just made it entirely too easy to get these guns... A child can buy one. There's no background checks. You don't even need a bank account. You can go to 7-Eleven and get a debit card, put money on it and buy a gun." The families of the two teens, with the help of the anti-gun-violence group Everytown for Gun Safety, are now suing the distributor of the parts Burkard used to make his ghost gun, 80P Builder of Florida, and the manufacturer, Polymer80 of Nevada, for gross negligence in providing a teenager with a weapon when he was not legally able to buy a handgun from a federally licensed dealer. The case, those who track the weapons say, demonstrates a frightening phenomenon... Teenagers have discovered the ease with which they can acquire the parts for a ghost gun, and they have been buying, building and shooting the homemade guns with alarming frequency. Everytown for Gun Safety compiled a list of more than 50 incidents involving teens and ghost guns since 2019. Among them:

- In Brooklyn Park, Minn., police arrested two teens with ghost guns in December after authorities said one of them attempted to shoot someone outside their car but instead killed their friend inside it.
- In New Rochelle, N.Y., a 16-year-old created a "ghost gun factory" in his bedroom last year, police said, before killing another 16-year-old...

The Bureau of Alcohol, Tobacco and Firearms (ATF) estimated that Polymer80 was responsible for more than 88 percent of the ghost guns recovered by police between 2017 and 2021, though there are nearly 100 manufacturers selling parts, or full kits, which can be made into unserialized guns, a list compiled by Everytown shows. Teens are hardly the only users. Last year, police departments seized at least 25,785 ghost guns nationwide, the Justice Department said recently, and those are just the weapons submitted by police to ATF for tracing, even though they don't have serial numbers and largely cannot be traced. In 2021, the number of guns recovered was 19,344, meaning seizures rose 33 percent the following year.

ATF has linked ghost guns to 692 homicides and nonfatal shootings through 2021, including mass killings and school shootings...

[This May] in Baltimore, authorities arrested three 14-year-olds after armed robberies and an armed carjacking. Police said one of them had a ghost gun. And in Valdosta, Ga., authorities said, a 16-year-old bought a ghost gun kit online in 2021 and assembled her own Glock-style pistol. One day while some friends were at her house, the teen accidentally shot a 14-year-old in the head, leaving him partially paralyzed, with severe brain damage and permanent physical and cognitive issues, his family's lawyer Melvin Hewitt said.
While some states have passed regulations, last year America's national firearm-regulating agency also declared parts of ghost guns to be firearms, according to the article, in an attempt to close a commonly-cited loophole. The parts makers challenged the new rule in court, lost twice, then won in a conservative federal court in Texas. The U.S. Justice Department may now appeal that decision to the higher Fifth Circuit court, and if it loses there "could appeal to the Supreme Court." Dudley Brown, the president of the National Association for Gun Rights, said he is against all regulation of privately made firearms, calling the practice of building weapons a "long and storied tradition in America."

Long-time Slashdot reader Ammalgam shares a report from CRM Rank: Salesforce, the leading provider of software for customer relations management, announced that it will implement a price increase for some of its cloud and marketing tools starting in August. The company's decision to raise prices, the first in seven years, was met with a positive market response as its shares surged nearly 4% during early trading on Tuesday.

This move by Salesforce aligns with the current trend among technology companies, including Salesforce itself, to invest in generative artificial intelligence (AI) and incorporate it into their products and services. To enhance its software capabilities, Salesforce has dedicated over $20 billion to research and development efforts over the past seven years. These investments have led to the introduction of new features, particularly generative AI tools, aimed at providing enhanced value to customers. The revised prices will apply to a range of Salesforce products, including Tableau, Sales Cloud, Service Cloud, Marketing Cloud, and Industries. Both new and existing customers will be subject to price adjustments, ensuring consistency across the customer base. Salesforce detailed the new price increases in a statement, saying: "New list pricing will go into effect globally for new customers and existing customers purchasing new clouds in August 2023. The new list prices will be Professional Edition $80 (up $5), Enterprise Edition $165 (up $15) and Unlimited Edition $330 (up $30). These editions will be priced comparably in other currencies. Similar list price increases will go into effect for Industries, Marketing Cloud Engagement and Account Engagement, CRM Analytics and Tableau."

As an "ambassador" for FTX, football quarterback Tom Brady appeared at the company's conference in the Bahamas, and in TV commercials promoting the exchange as "the most trusted" institution in crypto, remembers the New York Times. And it was all about to go very bad...

"His money was also at stake. As part of an endorsement agreement Brady signed in 2021, FTX had paid him $30 million, a deal that consisted almost entirely of FTX stock, three people with knowledge of the contract said. Brady's wife at the time, supermodel Gisele Bündchen, was paid $18 million in FTX stock, one of the people said." Now FTX is bankrupt, and Bankman-Fried is facing criminal fraud charges. Brady, 45, and Bündchen, 42, have been sued by a group of FTX customers seeking compensation from the celebrities who endorsed the exchange. On top of it all, the terms of the deal would have required the former couple, who divorced last year, to pay taxes on at least some of their now worthless FTX stock, two people familiar with the endorsement deal said. Their situation is the highest-profile example of a humiliating reckoning facing the actors, athletes, and other celebrities who rushed to embrace the easy money and online hype of cryptocurrencies...

But last year's crash ended the celebrity crypto bonanza. In October, the Securities and Exchange Commission ordered Kim Kardashian to pay $1.26 million for failing to make adequate disclosures when she endorsed the EthereumMax crypto token. In December, a lawyer in California sued two crypto companies, MoonPay and Yuga Labs, accusing them of using a "vast network of A-list musicians, athletes and celebrity clients" to mislead investors about digital assets. In March, the S.E.C. charged the actress Lindsay Lohan, the online influencer Jake Paul and musicians including Soulja Boy and Lil Yachty with illegally promoting crypto assets. And in late May, after months of failed attempts, a process server delivered court papers to Shaquille O'Neal, the retired basketball star, who was sued for promoting FTX, according to legal filings. Mr. O'Neal was served while broadcasting from a National Basketball Association playoff game...

Brady has also faced legal trouble. In December, Adam Moskowitz and the law firm Boies Schiller Flexner filed a lawsuit in federal court in Florida accusing him and Bündchen of misleading investors. Among the other defendants are comedian Larry David, NBA star Steph Curry and tennis player Naomi Osaka, all of whom endorsed FTX. "None of these defendants performed any due diligence prior to marketing these FTX products to the public," the lawsuit said.

Slashdot reader j3x0n shared this report from California newspaper the Sacramento Bee: In 2015, Democratic Elk Grove Assemblyman Jim Cooper voted for Senate Bill 34, which restricted law enforcement from sharing automated license plate reader (ALPR) data with out-of-state authorities. In 2023, now-Sacramento County Sheriff Cooper appears to be doing just that. The Electronic Frontier Foundation (EFF) a digital rights group, has sent Cooper a letter requesting that the Sacramento County Sheriff's Office cease sharing ALPR data with out-of-state agencies that could use it to prosecute someone for seeking an abortion.

According to documents that the Sheriff's Office provided EFF through a public records request, it has shared license plate reader data with law enforcement agencies in states that have passed laws banning abortion, including Alabama, Oklahoma and Texas. Adam Schwartz, EFF senior staff attorney, called automated license plate readers "a growing threat to everyone's privacy ... that are out there by the thousands in California..." Schwartz said that a sheriff in Texas, Idaho or any other state with an abortion ban on the books could use that data to track people's movements around California, knowing where they live, where they work and where they seek reproductive medical care, including abortions.

The Sacramento County Sheriff's Office isn't the only one sharing that data; in May, EFF released a report showing that 71 law enforcement agencies in 22 California counties — including Sacramento County — were sharing such data... [Schwartz] said that he was not aware of any cases where ALPR data was used to prosecute someone for getting an abortion, but added, "We think we shouldn't have to wait until the inevitable happens."
In May the EFF noted that the state of Idaho "has enacted a law that makes helping a pregnant minor get an abortion in another state punishable by two to five years in prison."

Jony Ive has been busy since leaving Apple, with his design agency working on things like a typeface, a charity clown nose and "the future of Airbnb." LoveFrom's latest project takes Ive back to his hardware days -- it's a new model of a modular turntable that's been around for half a century. From a report: LoveFrom helped refine Linn's Sondek LP12 for a 50th anniversary edition. Ive told Fast Company it was a "very gentle and modest project" for LoveFrom that stems from his team's admiration for Linn. Perhaps as a result of that, LoveFrom carried out the work pro bono. "There are many things that I've always wanted to be able to do purely for the love of doing them," Ive noted.

The design firm approached Linn about working together, in part because Ive is a long-time fan of the brand. The two teams examined every aspect of the LP12 but couldn't change the turntable very much owing to concerns over impact to the sound quality. Still, LoveFrom "saw a number of areas where there could be small improvements and gentle evolutions of the current design," Ive said. [...] If you're interested in owning the first post-Apple hardware that Ive worked on, you'll have to dig deep into your pockets. The Sondek LP12-50 costs $60,000 and Linn is only making 250 of them.

The New York Times tells the story of Simon Mackenzie, a security officer at a U.K. discount store uploading security camera footage of shoplifters into a facial recognition program called Facewatch. "The next time those people enter any shop within a few miles that uses Facewatch, store staff will receive an alert."

Facewatch — now in nearly 400 stores across Britain — licenses facial recognition software made by Real Networks and Amazon. Though it only sends alert about repeat offenders, "Once added, a person remains there for a year before being deleted." For as little as 250 pounds a month, or roughly $320, Facewatch offers access to a customized watchlist that stores near one another share. When Facewatch spots a flagged face, an alert is sent to a smartphone at the shop, where employees decide whether to keep a close eye on the person or ask the person to leave. Mr. Mackenzie adds one or two new faces every week, he said, mainly people who steal diapers, groceries, pet supplies and other low-cost goods. He said their economic hardship made him sympathetic, but that the number of thefts had gotten so out of hand that facial recognition was needed. Usually at least once a day, Facewatch alerts him that somebody on the watchlist has entered the store...

Among democratic nations, Britain is at the forefront of using live facial recognition, with courts and regulators signing off on its use. The police in London and Cardiff are experimenting with the technology to identify wanted criminals as they walk down the street. In May, it was used to scan the crowds at the coronation of King Charles III. But the use by retailers has drawn criticism as a disproportionate solution for minor crimes. Individuals have little way of knowing they are on the watchlist or how to appeal. In a legal complaint last year, Big Brother Watch, a civil society group, called it "Orwellian in the extreme...." Madeleine Stone, the legal and policy officer for Big Brother Watch, said Facewatch was "normalizing airport-style security checks for everyday activities like buying a pint of milk."
There is a human in the loop, the article points out. "Every time Facewatch's system identifies a shoplifter, a notification goes to a person who passed a test to be a 'super recognizer' — someone with a special talent for remembering faces. Within seconds, the super recognizer must confirm the match against the Facewatch database before an alert is sent."

The company's founder tells the Times that in general, "mistakes are rare but do happen... If this occurs, we acknowledge our mistake, apologize, delete any relevant data to prevent reoccurrence and offer proportionate compensation."

And the article adds this official response from the U.K. government: Fraser Sampson, Britain's biometrics and surveillance camera commissioner, who advises the government on policy, said there was "a nervousness and a hesitancy" around facial recognition technology because of privacy concerns and poorly performing algorithms in the past. "But I think in terms of speed, scale, accuracy and cost, facial recognition technology can in some areas, you know, literally be a game changer," he said. "That means its arrival and deployment is probably inevitable. It's just a case of when."

"People do not like eating insects. Livestock are less picky," writes the Economist. Of course, the insects need to eat, too. To date, they have mostly been reared on leftover chicken feed. But the supply of that is limited, and if insect-reared meat is to take off, new sources will be needed. In a paper in Applied Entomology, Niels Eriksen, a biochemist at Aalborg University, suggests feeding them on the waste products of the beer industry. The world knocks back around 185bn litres of beer every year. Each litre produces between three and ten litres of wastewater full of discarded barley and yeast . The mix is rich in protein but deficient in carbohydrates, especially compared with chicken feed.
The Economist reports that the researchers found brewery waste was "happily consumed" by insects they tested, which "grew equally well on either food source." This suggests the possibility that other plentiful and protein-rich food wastes could also become "reasonable targets for nutrient recycling by insects," including waste from other fermentation industries (like bioethanol), slaughterhouses, and sugar-beet waste.

Thanks to Slashdot reader echo123 for sharing the article.

Reuters reports: The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries, IMF Managing Director Kristalina Georgieva said on Monday.

"CBDCs should not be fragmented national propositions... To have more efficient and fairer transactions we need systems that connect countries: we need interoperability," Georgieva told a conference attended by African central banks in Rabat, Morocco. "For this reason at the IMF, we are working on the concept of a global CBDC platform," she said.

The IMF wants central banks to agree on a common regulatory framework for digital currencies that will allow global interoperability. Failure to agree on a common platform would create a vacuum that would likely be filled by cryptocurrencies, she said... Already 114 central banks are at some stage of CBDC exploration, "with about 10 already crossing the finish line", she said.
Thanks to long-time Slashdot reader SonicSpike for sharing the news.

"Kairan Quazi will probably need someone to drive him to work at SpaceX," writes the Los Angeles Times — because "He's only 14." The teen is scheduled to graduate this month from the Santa Clara University School of Engineering before starting a job as a software engineer at the satellite communications and spacecraft manufacturer... The soft-spoken teen said working with Starlink — the satellite internet team at SpaceX — will allow him to be part of something bigger than himself. That is no small feat for someone who has accomplished so much at such a young age...

The youngster jumped from third grade to a community college, with a workload that he felt made sense. "I felt like I was learning at the level that I was meant to learn," said Kairan, who later transferred to Santa Clara University... Kairan's family told BrainGain Magazine that when he was 9, IQ tests showed that his intelligence was in the 99.9th percentile of the general population. Asked if he's a genius, he recalled his parents telling him, "Genius is an action â it requires solving big problems that have a human impact." Once accepted to the engineering school at Santa Clara University as a transfer student, Kairan felt that he had found his freedom to pursue a career path that allowed him to solve those big problems.

While in college, Kairan and his mother made a list of places where he could apply for an internship. Only one company responded. Lama Nachman, director of the Intelligent Systems Research Lab at Intel, took a meeting with 10-year-old Kairan, who expected it to be brief and thought she would give him the customary "try again in a few years," he said. She accepted him. "In a sea of so many 'no's' by Silicon Valley's most vaunted companies, that ONE leader saying yes ... one door opening ... changed everything," Kairan wrote on his LinkedIn page...

Asked what he plans to wear on his first day, Kairan joked in an email that he plans "to show up in head to toe SpaceX merch. I'll be a walking commercial! Joking aside, I'll probably wear jeans and a t-shirt so I can be taken seriously as an engineer."

Isaac-Lew (Slashdot reader #623) writes: The Lego scene in "Spider-Man: Across The Spider-Verse" was animated by a 14-year-old high school student after the producers saw the trailer he made that was animated Lego-style.
The teenager had used his father's old computers to recreate the trailer "shot for shot to look as if it belonged in a Lego world," reports the New York Times: By that point, he had been honing his skills for several years making short computer-generated Lego videos. "My dad showed me this 3-D software called Blender and I instantly got hooked on it," he said. "I watched a lot of YouTube videos to teach myself certain stuff..."

[A]fter finding the movie's Toronto-based production designer, Patrick O'Keefe, on LinkedIn, and confirming that Sony Pictures Animation's offer was legitimate, Theodore Mutanga, a medical physicist, built his son a new computer and bought him a state-of-the-art graphics card so he could render his work much faster... Over several weeks, first during spring break and then after finishing his homework on school nights, Mutanga worked on the Lego sequence... Christophre Miller [a director of "The Lego Movie" and one of the writer-producers of "Spider-Verse."] saw Mutanga's contribution to "Across the Spider-Verse" not only as a testament to the democratization of filmmaking, but also to the artist's perseverance: he dedicated intensive time and effort to animation, which is "not ever fast or easy to make," Miller said.

'The Lego Movie' is inspired by people making films with Lego bricks at home," Lord said by video. "That's what made us want to make the movie. Then the idea in 'Spider Verse' is that a hero can come from anywhere. And here comes this heroic young person who's inspired by the movie that was inspired by people like him."

Required Snark writes: Acer is selling computers in Russia even though they claimed they would abide by the Taiwanese government's commitment to the international embargo on western technology. The sales are through their Swiss subsidiary Acer Sales International SA. This subterfuge means Acer's position is nominally true even while they are breaking the embargo. Neither Russian, Swiss or Taiwanese government officials would comment on the report. According to Reuters, "Taiwan-based computer manufacturer Acer supplied at least $70.4 million worth of computer hardware to Russia between April 8, 2022 and March 31, 2023."

The actions aren't illegal because the shipments originated outside Taiwan, circumventing Taipei's sanctions against Russia. "Nor did they involve items restricted at the time of export by Switzerland's sanctions regime, which mirrors that of the European Union," adds Reuters. It does, however, contradict the company's statement on April 8 last year when it said it would "suspend its business in Russia."

Longtime Slashdot reader theodp writes: House Speaker Kevin McCarthy (R-CA) said on Sunday that the student loan payment pause is "gone" in the debt ceiling deal announced by the California Republican and President Biden late Saturday night. "The pause is gone within 60 days of this being signed. So that is another victory because that brings in $5 billion each month to the American public," McCarthy told Fox News on Sunday. McCarthy's remarks came after he and Biden came to an agreement in principle late Saturday to cap spending and raise the debt ceiling.

"What the president did, he went unconstitutionally and said he was going to waive certain people part of their debt for student loan, but then he paused everybody's student loan. So everybody who borrowed a student loan within 60 days of the signing is going to have to pay that back," McCarthy added. "The Supreme Court is taking up that case. But if the Supreme Court came back and said that was unconstitutional, the president could still say he's pausing, not waiving it. But now that this is in law, the Supreme Court decision will have to be upheld, that they would have to pay."

Earlier this month, the NY Times warned students and their families to "Expect Interest Rates on Federal Student Loans to Rise" to as high as 8.05% for new PLUS loans this fall. That news came as Apple, just days after a recent $90 billion share buyback, filed a prospectus with the SEC for a new $5 billion bond program with longer-term bonds expected to have a coupon rate of approximately 5%. The imbalance between loan rates for students and Apple shareholders was actually far more pronounced before the Fed fund rate hikes started last year in response to inflation. During the pandemic, Apple -- which reported around $166.3 billion in cash and investments on its balance sheet as of March 31 -- held a bond sale worth $14 billion for stock buybacks and dividends to benefit from borrowing rates as low as 0.70%. Direct PLUS student loan rates at that time were down to 5.30% for new loans but as high as 8.5% for existing loans (the U.S. Dept. of Education does not offer refinancing of its up-to-30-year fixed rate loans in times of much lower interest rates). Unlike the tax-deductible interest Apple pays, annual deductions on student loan interest are capped by the IRS at $2,500 (or lower, depending on the borrower's income).

Despite presumably benefiting from stock buybacks and dividends facilitated by Apple's low-interest bonds -- some of which carry rates as much as 90%+ lower than certain federal student loans -- some of the Senators identified as Apple shareholders by NBCLX are vehemently opposed to the idea of student loan relief for high interest-paying borrowers. Senator Shelley Capito (R-WV) opposes the program as "not fair", Senator Pat Toomey (R-PA) called it "grossly unfair", and other Apple-shareholder Senators joined (PDF) colleagues in a Supreme Court filing calling student loan relief "unnecessary".

An anonymous reader shared this report from the New York Times: Snippets of computer code. More than six million pages of emails, Slack messages and other digital records. And a small black notebook, filled with handwritten observations. For months, federal prosecutors building the criminal case against the fallen cryptocurrency executive Sam Bankman-Fried have assembled a vast and unusually varied array of evidence. The documents include crypto transaction logs and encrypted group chats from Mr. Bankman-Fried's collapsed exchange, FTX, as well as strikingly personal reflections recorded by a key witness in the case. The mountain of evidence ranks among the largest ever collected in a white-collar securities fraud case prosecuted by the federal authorities in Manhattan, according to data provided by a person with knowledge of the matter...

The diversity and growing volume of materials in the FTX case underscore the legal challenges facing Mr. Bankman-Fried, 31, who is charged with 13 criminal counts, including accusations that he misappropriated billions of dollars in customer money, defrauded investors and violated campaign finance laws. He has pleaded not guilty. With the trial set for October, prosecutors have gathered evidence ranging from phones and laptops to the contents of Mr. Bankman-Fried's Google accounts, which amounted to 2.5 million pages alone. At a hearing in March, Nicolas Roos, a federal prosecutor investigating FTX, said the government had obtained a laptop crammed with so much information that the F.B.I.'s technicians were struggling to decipher all of it. "It is a massive amount to sift through, and sometimes you can find incredibly useful information," said Moira Penza, a former federal prosecutor who's now in private practice. "It is a real challenge...."

Many of FTX's corporate records, including emails, Slack messages and transaction logs, were held by Sullivan & Cromwell, the law firm that took control of the exchange after it declared bankruptcy... In a January court filing, Sullivan & Cromwell displayed an excerpt from FTX's underlying code base, showing a feature that allowed Alameda to borrow virtually unlimited amounts of money from the exchange.

Netflix's controversial password sharing crackdown just hit the US. From a report: In addition to the US, Netflix confirmed it will also be rolling out the crackdown across all regions around the world such as the UK, France, Germany, Mexico, Brazil, Singapore, Australia, among others. "Netflix account is for use by one household," the company wrote in the post. "Everyone living in that household can use Netflix wherever they are -- at home, on the go, on holiday -- and take advantage of new features like Transfer Profile and Manage Access and Devices." Netflix broadened its crackdown in early February to include countries like Canada, New Zealand, Portugal, and Spain, in addition to the test countries of Chile, Costa Rica, and Peru. It previously said "a broad rollout" of the policy would hit this quarter.

Long-time Slashdot reader SpzToid shared this story from the Telegraph: Millions of people get phone calls from scammers and wonder who is at the other end. Now we know: rather than someone in a call centre far away, a "bright young man" living in a lush flat in London has been unmasked as the mastermind behind so many of these calls.

Tejay Fletcher's trial exposed how criminals with a simple website bypassed police, phone operators and banks to facilitate "fraud on an industrial scale", scamming victims out of £100m ($124 million) of their hard earned cash. Fletcher, 35, who ran the website iSpoof.cc, was jailed for 13 years and four months earlier this week following his arrest in 2019 in what is the biggest anti-fraud operation mounted in the UK.

The website allowed criminals to disguise their phone numbers in a process known as "spoofing" and trick unsuspecting people to believe they were being called by their bank or other institutions... The number of people using iSpoof swelled to 69,000 at its peak, with as many as 20 people per minute targeted by callers using the site. More than 10 million fraudulent calls were made using iSpoof in the year to August 2022 — 3.5 million of them in the UK, the prosecution said. More than 200,000 victims in the UK — many of them elderly — lost £43m, while global losses exceeded £100m... The website allowed [its users] to intercept one-time passwords, which were "ironically" introduced by banks to increase their security measures, noted John Ojakovoh, prosecuting...

Fletcher was not particularly tech-savvy, but he used a website called freelancer.com to hire programmers to make the "building blocks" of the site.
iSpooft's users "could only pay via Bitcoin," the Telegraph writes. They describe Bitcoin as "a currency favoured by many criminals because it is more difficult to trace payments."

Here's what happened next: Posing as iSpoof customers, police paid for a trial subscription in Bitcoin and tested the website. They traced the money they paid to iSpoof and eventually discovered that the "lion's share" of the profits were going to Fletcher. They obtained a copy of the website's server, which revealed call logs that further incriminated Fletcher and the scammers using his website.

It turned out that Fletcher had deceived the scammers, too, when he claimed he was not storing any of their information, prosecutors said... Although Fletcher will remain behind bars, others are also being investigated. Some 120 suspected phone scammers have been arrested, 103 of them in London.

According to The Information, Microsoft wants to bid to make Bing Firefox's default search engine. Android Police reports: The browser's contract with Google is set to expire this year, at which point Mozilla could either renew it or switch to a different search engine. Microsoft would very much like to take Google's place in Firefox. It's not a guarantee that it will actually help boost Bing's usage -- after all, Firefox users who don't want to use Bing could just switch to a different search engine, as Yahoo found out a few years ago -- but Microsoft sees potential in such a deal.

The report also notes that there's also a potentially more juicy opportunity coming up for Microsoft if it really wants to get serious about pushing Bing. Apple's Safari browser, which is the main web browser on Apple devices, will have its Google contract expire next year. Despite throwing shade constantly, Google really benefits from the deal it currently has with Apple, and Microsoft could sweep in and try to get Bing to become the main browser on iPhones.