โŒ

Normal view

There are new articles available, click to refresh the page.
Yesterday โ€” 13 September 2026Slashdot

Sam Bankman-Fried, Former Crypto Billionaire, Appeals His Conviction To the US Supreme Court

13 September 2026 at 01:00
America's highest court heard Sam Bankman-Fried's request for a new trial on Thursday, CNN reports. But they add that "the former crypto mogul who was convicted of defrauding investors by secretly diverting billions of dollars of their money" also asked America's high court "to throw out a court order requiring him to pay $11 billion as part of his sentence." Bankman-Fried was sentenced to 25 years in prison in 2024 after prosecutors said he directed billions of dollars from the crypto exchange FTX to a hedge fund he controlled called Alameda Research, where the funds were used for risky investments, political donations and his own personal benefit. The Supreme Court appeal, which was reviewed by CNN, raises a technical question about evidence that was submitted at his trial, and whether Bankman-Fried should have been permitted to demonstrate that his investments were ultimately sound and would have covered any losses by FTX customers. He also argues that the $11 billion forfeiture violates the 8th Amendment's prohibition on excessive fines. "Where the government pursues a theory of fraud under which it doesn't matter whether any victims lost money, introducing evidence suggesting that people actually lost money is distracting and prejudicial," veteran Supreme Court attorney Jeffrey Fisher told CNN. "All the more so where the truth is the victims did not lose money, and the defendant is unable to make that clear." The 2nd US Circuit Court of Appeals rejected the arguments earlier this year.

Read more of this story at Slashdot.

Before yesterdaySlashdot

Gamescom Crime Spree? Three Exhibitors Report Their Laptops Were Stolen

30 August 2026 at 20:38
From the gaming news site Aftermath" Game developer and consultant Ryan Laley traveled to Cologne, Germany from Essex, England to showcase his upcoming horror social deduction game Mimic at the annual Gamescom event. He paid "thousands of pounds" to get a booth at the show, where other game developers and press could try the game ahead of its October release. But Laley's Gamescom was cut short when he realized Friday morning that his brand new Alienware laptop, purchased for the event, was missing. The laptop was stored in a cupboard in the booth, and Laley started asking nearby vendors to see if someone had moved it. That's when he realized it was stolen โ€” and that he wasn't alone. Laley's booth in Gamescom's business area, specifically in the International Game Developers Association Lounge, had been hit in what appears to be a string of thefts at the convention center. The business area of the convention is not open to the public, only press and others with specific tickets. Laley said Gamescom advertised this area as having 24/7 security and limited access after hours... Publisher and merchandiser iam8bit, in a nearby booth showcasing Escape Academy 2: Back 2 School and Petal Runner, had two laptops with game builds stolen Thursday night from its booth, a representative confirmed to Aftermath. "Meanwhile, Tessera Studios had two laptops and a Steam Deck taken from its cabinet," reports Tom's Hardware: Gamescom organizers responded to the issues, saying that although they have arranged for uniformed guards to provide general security, individual booth security must be booked separately. They've also advised exhibitors to have insurance against theft, and said these warnings are noted in the terms and conditions for participants, as well as in the event's technical guidelines. "All cases have been reported to us and to the police, and investigations are already underway," the organizers' statement read. They also said that security is one of their priorities at the event, but also added, "At an event of this size, however, there will always be individuals attempting to take advantage of the situation."

Read more of this story at Slashdot.

Alabama Launches Investigation Into OpenAI's Hack of Hugging Face

By: BeauHD
25 August 2026 at 19:00
Alabama's attorney general has subpoenaed OpenAI as part of an investigation into whether inadequate safeguards contributed to an incident in which an unreleased cybersecurity model escaped its isolated environment and hacked Hugging Face. TechCrunch reports: The investigation comes weeks after OpenAI admitted that one of its unreleased and guardrail-free cybersecurity models had escaped an isolated environment, connected to the internet, and hacked AI dataset platform Hugging Face. As Reuters first reported, Hugging Face was only one of four victims of what was supposed to be "an internal evaluation" of a model with "maximal cyber capabilities," as OpenAI put it. The press release announcing the subpoena (PDF) sent by the state's attorney general Steve Marshall said that the state was seeking to understand if OpenAI's "inability or unwillingness to ensure the safety of its products" violated the state's consumer protection laws. Earlier this month, Marshall, along with the attorneys general of 14 other states, including Florida, Missouri, Pennsylvania, and Texas, sent a letter (PDF) to OpenAI's CEO Sam Altman, requesting that he and his company preserve all records related to the Hugging Face incident. The letter also asked OpenAI to "immediately cease and desist" from any internal cybersecurity evaluations. OpenAI said in a statement: "The Hugging Face incident marked an important moment for AI safety and we are conducting a thorough review along with external advisors. Once the review is complete, we will share a technical report with relevant government authorities and publish our findings publicly."

Read more of this story at Slashdot.

โŒ
โŒ