Technology
$6 million Bitcoin theft lands cop five and a half years in prison — officer stole 50 Bitcoins from Silk Road 2.0 founder during investigation, inside job unravelled by the man he was trying to put away
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Tom's Hardware
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Tennessee bans crypto ATMs that have become 'payment portal of choice for scammers' — second state to restrict machines after Indiana
Tennessee has joined Indiana in banning cryptocurrency ATMs due to their association with scams and fraud, with Minnesota considering similar legislation. The FBI has warned of significant losses due to fraud involving these machines. Despite not being inherently fraudulent, cybercriminals exploit crypto ATMs to steal funds from victims who mistakenly believe they offer the same protections as banks. Law enforcement actions against operators like Bitcoin Depot and Athena Bitcoin highlight the growing concerns around crypto ATM scams, leading to increased regulatory measures across states to protect consumers.
Tom's Hardware•
Market slumps as OpenAI reportedly misses internal targets for active users and revenue — Nvidia, Oracle, AMD, and CoreWeave shares all tremble on the news
OpenAI has reportedly fallen short of its internal targets for active ChatGPT users and revenue, leading to concerns about its financial sustainability. Despite raising $122 billion in funding, the company may face a cash shortage by mid-2027 without continued significant investments. Market reactions to OpenAI's performance have caused stock price drops for companies like Nvidia, Oracle, AMD, and CoreWeave. While OpenAI faces competition from Anthropic and Google in the AI market, CEO Sam Altman is focused on securing future computing power through multi-billion dollar deals.
Tom's Hardware•
Every SK hynix employee could receive $477,000 bonuses this year, almost $900,000 next year — 35,000 workers reportedly set to benefit from share of $169 billion projected operating profit
SK hynix employees could receive substantial bonuses averaging $477,000 this year and nearly $900,000 next year due to the AI chip supercycle generating significant profits. The company agreed to allocate 10% of its annual operating profit directly to employees, with a projected bonus pool of $169 billion to be shared among around 35,000 workers. Meanwhile, Samsung Electronics' labor union is in dispute over compensation, with the union pushing for a higher percentage of earnings. The potential bonuses mark a significant turnaround from previous years, driven by high demand for AI-oriented memory products.
Tom's Hardware•
US-sanctioned currency exchange says $15 million heist done by "unfriendly states"
Grinex, a US-sanctioned cryptocurrency exchange in Kyrgyzstan, announced a $15 million heist allegedly orchestrated by hackers linked to "unfriendly states." TRM researchers confirmed the theft, noting more drained addresses than initially reported by Grinex. The attack targeted Russian users, with Grinex attributing it to a coordinated effort to harm Russia's financial sovereignty. TokenSpot, another Kyrgyzstan-based exchange, was also breached, with both exchanges becoming inoperable on Wednesday. The US Treasury Department had previously sanctioned Grinex's predecessor, Garantex, for facilitating ransomware actors and cybercriminals.
Ars Technica•