A closely watched social media addiction lawsuit that had been set to go to trial next week has been dropped after the plaintiff voluntarily dismissed his claims against Meta, leaving none of the major tech companies facing trial in the case.
How HollowGraph Operates On July 20, 2026, Group-IB security researchers released a study describing an implant known as HollowGraph that converts a hacked Microsoft 365 calendar into hidden communication channel....
The Digital Chamber has challenged Illinois’ new 0.2% digital asset transaction tax in court, arguing that the law unfairly targets blockchain-based commerce and violates constitutional protections. According to a complaint filed Tuesday in an Illinois circuit court, crypto trade association…
The company behind the disk space analyzer TreeSize has irked some users by no longer offering support or updates for perpetual licenses beyond their maintenance period unless customers subscribe. Further frustration has come from JAM Software's long-standing policy of not providing license keys or installers to TreeSize perpetual license holders after that support period ends.
Since 2025, JAM Software has been transitioning most TreeSize editions to subscription models. Today, it sells perpetual licenses only for personal use, which include 12 months of updates, support, and “downloads of older versions, and your license,” plus the option to extend the support period. TreeSize currently has "no plans to discontinue the sale of perpetual licenses for TreeSize Personal," product manager Hendrik Christ told Ars Technica.
As perpetual-license maintenance periods expire, customers are discovering that extending support now generally requires subscribing to software they already own the right to use.
TikTok recently settled its portion of the case with the plaintiff ahead of a jury trial that starts next week in Los Angeles. YouTube has also reached a deal, leaving Meta as the only remaining defendant.
A recent examination of hundreds of mobile apps marketed toward US military personnel found more than one in eight contained software built by companies in China, Russia, or other foreign nations, raising fresh concerns that adversary governments could harvest data revealing where service members live, work, and deploy.
The largely unregulated advertising industry that tracks Americans online treats civilians and service members mostly the same—unless there is profit in telling them apart—despite evidence that exposure can reveal troop deployments, unit movements, and the routines of personnel within intelligence facilities and hardened shelters where nuclear weapons are believed to be stored.
The “Jimothy” video game features Seattle’s beloved raccoon making his way through assorted challenges. (Image via Chris Pirillo)
Jimothy, the short-spined Seattle raccoon, has become a global sensation whose likeness has been immortalized in artwork, clothing, songs and tattoos — and now a video game created in the creature’s hometown.
Tech enthusiast and entrepreneur Chris Pirillo launched an 8-bit NES-style video game called “Jimothy” this weekend in which players can control the movements of the critter as he raids trash cans, crosses streets to the park, sneaks past the paparazzi, and climbs to the safety of a big tree.
Pirillo says the missions are pulled straight from Jimothy’s real life. No doubt the animal is busy these days trying to dodge curious onlookers who are hoping to capture the next photo or video that feeds the masses on social media.
The viral Jimothy sensation took off last week when Kiana Hall spotted the raccoon in Seattle’s Ballard neighborhood and posted a video on Instagram — viewed by millions since — asking the question heard around the world: “What am I looking at?”
An earlier video of Jimothy, captured by a home security camera and posted on Reddit, ignited further curiosity and adoration, and now Reddit is flooded with sightings, memes, artwork, food, crafts, poetry and more. The Mariners put a Jimothy mascot in the Salmon Run. There’s even a Lego Jimothy.
Pirillo told GeekWire the game idea came to him on Saturday afternoon after seeing so many creatives flood his feeds with their own Jimothy fan art. He started to build a not-so-live tracker and realized it was a not-so-great idea. He hopes internet creativity is enough of a fix for the Jimothy-curious.
“This game is as close as any of us should ever get to him,” the game site states. “If you find yourself in his neighborhood: don’t go looking for him, don’t feed him, don’t try to touch him, and don’t crowd him for a photo.”
The game is easy enough to play, with challenges that are reminiscent of classic 1980s games “Frogger” and “Donkey Kong.”
Pirillo’s “Vibe Arcade” is loaded with other games he’s created. Earlier this year he vibe-coded a Resume Analyzer app and a pre-rejection letter generator called Dear Applicant to channel his frustrations with searching for a job.
Pirillo credits AI with changing the speed and ease with which a moment can go viral and be captured in new and creative ways.
“I remember when every big moment had a video game. But by the time a studio could create a video game around a meme pre-AI, the meme’s energy would have dissipated,” he said. “We are now at a day and age (certainly with AI as a tool) where almost literally anybody of any age or tech experience level can bring full-fledged experiences to life in just a few hours. We can simply talk our solutions into existence. It’s astounding.”
Pirillo built the game as a single HTML page, pitting OpenAI GPT 5.6 against Anthropic’s Claude Fable 5. One of the bigger challenges was getting the look of Jimothy right, as multiple AI models kept returning regular-looking raccoons.
Solana price has stalled near $76 after repeated failures at $80, as two ecosystem exploits, weak momentum, and geopolitical stress have kept traders cautious. According to data from crypto.news, Solana (SOL) price traded at $76.12 at the time of writing,…
The Washington Post describes a mid-tier executive at Meta as one of Silicon Valley's "winners" whose financial security suddenly "evaporated" as their workforce "pushed headlong into AI and heavy job cuts," creating a transformed job market. "Her ex-husband, a designer at Meta who was laid off in 2020, eventually gave up looking for jobs in his profession. He now lifts boxes at a warehouse."
Layoffs.fyi, which tracks announced job cuts, counts more than 800,000 tech workers laid off since 2022, including large staff reductions in recent months at Meta, Microsoft, Oracle and Amazon... "There's this whole tranche of people who've been quite used to being among the most upwardly mobile in society who are all of a sudden saying, 'Now I'm the guy on the streetâs'" said Oliver Raskin, who founded Silicon Valley market research consultancy Signalcraft Insights and has surveyed attitudes in the tech labor force... "The rise of AI, especially, is bound to change the workplace radically," [said Georgetown University historian Joseph McCartin]. "But the way it's going to happen is similar to how technology transformed the auto industry." Ruth Milkman, a labor sociologist at the City University of New York, said that technology workers are getting a dose of what workers in other industries have long complained about: jobs that feel unsteady or rob them of autonomy. "Low-wage workers are used to it," she said...
Many layoffs at technology companies are probably a hangover effect from over-hiring in prior years, experts say. And they don't account for a spotty recent increase in hiring in the information industry, which includes employment of software developers and jobs in media and entertainment. Digging deeper, though, some economists say there are signs that Silicon Valley and other technology-reliant parts of the American economy have reached a turning point where they are growing without needing as many people. The notion was encapsulated in a recent talk that ricocheted through group chats across the tech industry: In it, a partner at the start-up incubator Y Combinator heralded a new generation of AI-first companies that will only need human labor for "novel situations," "ethical considerations" and "high-stakes moments."
Gad Levanon, chief economist at the labor research nonprofit Burning Glass Institute, said that the number of hours worked in the information sector has dipped since 2022, while the sector's economic output has increased by about 8 percent a year — more than three times the overall growth rate of the U.S. economy. He says the data reveals a sea change in industries, including technology and finance, toward doing more work with the same or fewer people — one that is spreading to other professional classes. "That's the new reality for white-collar and tech-exposed work: output up, headcount flat or down," Levanon said...
Raskin, who has worked in the tech world since the late '90s, said that even though the current moment feels unsettling to many, he's hopeful that it's an early chapter in an evolving story. "It's happened many times before," he said, "that something implodes and all these people lose jobs, but then that talent gets cycled into whatever the next thing is — into a new wave of prosperity."
In the article tech entrepreneur Anil Dash quips that Silicon Valley techies are "are guinea pigs for what tech dudes want to do to everyone."
The Washington Post describes a mid-tier executive at Meta as one of Silicon Valley's "winners" whose financial security suddenly "evaporated" as their workforce "pushed headlong into AI and heavy job cuts," creating a transformed job market. "Her ex-husband, a designer at Meta who was laid off in 2020, eventually gave up looking for jobs in his profession. He now lifts boxes at a warehouse."
Layoffs.fyi, which tracks announced job cuts, counts more than 800,000 tech workers laid off since 2022, including large staff reductions in recent months at Meta, Microsoft, Oracle and Amazon... "There's this whole tranche of people who've been quite used to being among the most upwardly mobile in society who are all of a sudden saying, 'Now I'm the guy on the streetâs'" said Oliver Raskin, who founded Silicon Valley market research consultancy Signalcraft Insights and has surveyed attitudes in the tech labor force... "The rise of AI, especially, is bound to change the workplace radically," [said Georgetown University historian Joseph McCartin]. "But the way it's going to happen is similar to how technology transformed the auto industry." Ruth Milkman, a labor sociologist at the City University of New York, said that technology workers are getting a dose of what workers in other industries have long complained about: jobs that feel unsteady or rob them of autonomy. "Low-wage workers are used to it," she said...
Many layoffs at technology companies are probably a hangover effect from over-hiring in prior years, experts say. And they don't account for a spotty recent increase in hiring in the information industry, which includes employment of software developers and jobs in media and entertainment. Digging deeper, though, some economists say there are signs that Silicon Valley and other technology-reliant parts of the American economy have reached a turning point where they are growing without needing as many people. The notion was encapsulated in a recent talk that ricocheted through group chats across the tech industry: In it, a partner at the start-up incubator Y Combinator heralded a new generation of AI-first companies that will only need human labor for "novel situations," "ethical considerations" and "high-stakes moments."
Gad Levanon, chief economist at the labor research nonprofit Burning Glass Institute, said that the number of hours worked in the information sector has dipped since 2022, while the sector's economic output has increased by about 8 percent a year — more than three times the overall growth rate of the U.S. economy. He says the data reveals a sea change in industries, including technology and finance, toward doing more work with the same or fewer people — one that is spreading to other professional classes. "That's the new reality for white-collar and tech-exposed work: output up, headcount flat or down," Levanon said...
Raskin, who has worked in the tech world since the late '90s, said that even though the current moment feels unsettling to many, he's hopeful that it's an early chapter in an evolving story. "It's happened many times before," he said, "that something implodes and all these people lose jobs, but then that talent gets cycled into whatever the next thing is — into a new wave of prosperity."
In the article tech entrepreneur Anil Dash quips that Silicon Valley techies are "are guinea pigs for what tech dudes want to do to everyone."
A hacker tied to the Trusted Volumes exploit has returned 1,122 ETH to the protocol, closing part of a security incident that began with a multi-million-dollar exploit earlier this year.
The on-chain recovery is unusual because the attacker did not return everything. Instead, the wallet linked to the exploit sent back roughly $2 million worth of ETH while retaining another large amount as what now looks like a de facto bounty. That kind of outcome is familiar in DeFi, where projects sometimes negotiate with attackers after an exploit rather than risk losing the full amount forever.
The returned funds matter because they reduce the damage for the protocol and its users. But the structure of the settlement also shows how messy DeFi security remains. When smart contracts fail, the market often ends up relying on public pressure, wallet tracking, and informal negotiation rather than a clean legal process.
The Trusted Volumes attacker returned 1,122 ETH to the protocol inventory.
The exploit originally drained about $5.9 million through a smart contract vulnerability.
The attacker appears to have retained roughly $2 million as a bounty-style settlement.
What Happened With Trusted Volumes?
The exploit traces back to a vulnerability in Trusted Volumes’ RFQ swap proxy. According to the on-chain evidence, the May 7 attack drained approximately $5.9 million in assets through a signature-check bypass.
That is the kind of vulnerability that can be especially damaging in DeFi because it sits close to the execution layer of a protocol. If a swap proxy accepts an invalid or improperly checked instruction, an attacker may be able to move funds in a way the system was never meant to allow.
The important update now is the return of 1,122 ETH from the attacker wallet to protocol inventory. The primary source for the story is the wallet and transaction evidence on Etherscan, which shows the recovery leg of the movement.
This does not necessarily mean the protocol has been made whole. It means a meaningful part of the exploited funds has come back.
That distinction matters. A partial recovery can be better than nothing, but it still leaves users and the wider market asking why the vulnerability existed, how quickly it was detected, and whether the protocol has made changes to prevent a repeat.
Why DeFi Exploit Settlements Keep Happening
Crypto has developed a strange pattern around major exploits.
In traditional finance, a theft usually leads to police reports, frozen accounts, and court processes. In DeFi, the first response is often public wallet tracking. The attacker’s address gets labelled. On-chain analysts follow the movement of funds. Protocol teams may publish messages offering a bounty if the money is returned.
Sometimes attackers accept. Sometimes they disappear into mixers, bridges, or exchange routes. Sometimes they return a portion and keep the rest.
That appears to be the shape of this case.
The reason this happens is simple: blockchains make funds visible, but not always recoverable. If an attacker controls the private keys, the protocol cannot simply reverse the transaction. The best practical outcome may be to offer a settlement before the funds are moved further away.
That is uncomfortable, but it is also realistic.
For users, the lesson is that code risk is not abstract. Even protocols with real activity can suffer from a small implementation flaw that becomes a major loss. For developers, the lesson is even sharper: signature validation, access controls, proxy logic, and upgrade paths need aggressive review because attackers only need one weak point.
The Recovery Helps, But It Does Not Erase The Exploit
The return of 1,122 ETH is clearly positive for Trusted Volumes, but it should not be treated as a full reset.
An exploit still happened. Funds were still removed. The attacker still appears to have kept a significant sum. The protocol still needs to show that the underlying issue has been addressed and that users can trust the system going forward.
That matters because DeFi confidence is fragile after security incidents. Users may forgive a protocol that responds quickly, communicates clearly, and recovers funds. They are less forgiving when teams stay vague, downplay the incident, or fail to explain what changed.
The strongest next step for Trusted Volumes would be a clear post-mortem: what failed, how the attacker used it, how the contract logic has been fixed, and whether any user balances remain affected.
Until then, the market can recognise the recovery without pretending the episode is over.
This is also a useful reminder for the wider sector. DeFi security is not only about preventing hacks. It is about incident response, transparency, on-chain monitoring, and whether projects can recover enough trust after something goes wrong.
Trusted Volumes got some funds back. The harder job is proving the system is safer than it was before the exploit.
This article is based on Etherscan wallet and transaction data.
This article was written by the News Desk and edited by Samuel Rae.
This report is based on information released by Etherscan. at Etherscan
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