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Analysis: Binance sold just ~10.78M BNB tokens in its 2017 ICO, vs. the 200M minted and 100M offered, and gave angel investors 40M BNB, double their allocation (Javier Paz/Forbes) 06-10-2023

Javier Paz / Forbes: Analysis: Binance sold just ~10.78M BNB tokens in its 2017 ICO, vs. the 200M minted and 100M offered, and gave angel investors 40M BNB, double their allocation  —  The mythology surrounding the rise of the world’s largest crypto exchange is impressive.  However, a Forbes investigation reveals … Lees verder op Tech Meme

Source: MGM Resorts refused to pay a hackers' ransom in the September cyberattack; filing: MGM estimates the hack will cost the company $100M+ in its Q3 2023 (Katherine Sayre/Wall Street Journal) 06-10-2023

Katherine Sayre / Wall Street Journal: Source: MGM Resorts refused to pay a hackers’ ransom in the September cyberattack; filing: MGM estimates the hack will cost the company $100M+ in its Q3 2023  —  Fallout will have a $100 million negative impact on quarterly earnings, Las Vegas-based company says Lees verder op Tech Meme

The UK's Information Commissioner's Office issues a preliminary enforcement notice to Snap over its My AI chatbot possibly being a risk to children's privacy (Natasha Lomas/TechCrunch) 06-10-2023

Natasha Lomas / TechCrunch: The UK’s Information Commissioner’s Office issues a preliminary enforcement notice to Snap over its My AI chatbot possibly being a risk to children’s privacy  —  Snap’s AI chatbot has landed the company on the radar of the UK’s data protection watchdog which has raised concerns the tool may be a risk to children’s privacy. Lees verder op Tech Meme

Yuga Labs, the creator of Bored Ape Yacht Club and other prominent NFTs, restructures, lays off some US staff, and is still evaluating its international teams (Andrew Hayward/Decrypt) 06-10-2023

Andrew Hayward / Decrypt: Yuga Labs, the creator of Bored Ape Yacht Club and other prominent NFTs, restructures, lays off some US staff, and is still evaluating its international teams  —  Yuga Labs reveals a restructuring effort that has impacted U.S. employees as the $4 billion Bored Ape startup rethinks its priorities. Lees verder op Tech Meme

THORSwap moves to a “maintenance mode” after criminals linked to the FTX hack last year used the decentralized exchange to swap $38M worth of ether for bitcoin (Tim Craig/DL News) 06-10-2023

Tim Craig / DL News: THORSwap moves to a “maintenance mode” after criminals linked to the FTX hack last year used the decentralized exchange to swap $38M worth of ether for bitcoin  —  Decentralised exchange THORSwap disabled parts of its website interface Thursday after the hacker who swiped $450 million … Lees verder op Tech Meme

23andMe confirms that it is aware of user data from its platform circulating on hacker forums and attributes the leak to a credential-stuffing attack (Bill Toulas/BleepingComputer) 06-10-2023

Bill Toulas / BleepingComputer: 23andMe confirms that it is aware of user data from its platform circulating on hacker forums and attributes the leak to a credential-stuffing attack  —  23andMe has confirmed to BleepingComputer that it is aware of user data from its platform circulating on hacker forums and attributes the leak to a credential-stuffing attack. Lees verder op Tech Meme