In a recent update, most FTX creditors approved a bankruptcy repayment plan that could return over $6 billion to investors. However, the settlement process may extend through the end of the year before users see their funds.
KikyoWorldcoin is expanding its orb verifications to Guatemala, Poland, and Malaysia, aiming to address concerns about distinguishing humans from AI bots online. The introduction of Face Auth enhances security while partnerships in Malaysia and rising support in Korea reflect growing global interest in human verification technologies.
WeatherlySamsung Electronics is planning job cuts in Southeast Asia, Australia, and New Zealand, potentially affecting about 10% of its workforce in those regions due to challenges in the global semiconductor market. The company's stock has dropped over 20% in 2024, prompting a restructuring effort to improve efficiency and adapt to competition, while also facing internal tensions marked by recent union strikes.
WeatherlyThe Australian Federal Police reported that an analyst deciphered the seed phrase for a crypto account, leading to the seizure of $6.4 million during an investigation targeting the alleged mastermind behind an app used by criminal syndicates.
CatherineMeta has launched a new initiative called the Fraud Intelligence Reciprocal Exchange (Fire) to combat deepfake scams and fraudulent ads on social media in Australia, resulting in the removal of thousands of scam pages. As Australians reported over $43 million in losses to social media scams in 2024, the government is also proposing new legislation to hold companies accountable for preventing such fraud.
AnaisMeta has expanded its Fraud Intelligence Reciprocal Exchange (FIRE) program to enhance cooperation with UK banks in the fight against scams. This initiative aims to improve fraud detection by sharing important information and data between financial institutions and Meta.
WeatherlyThe SEC has appealed its case against Ripple Labs, arguing the district court's ruling contradicts Supreme Court precedent and securities law. This follows Judge Analisa Torres' decision that Ripple's institutional sales violated securities laws, but retail sales did not. Who will emerge victorious this time round?
CatherineCharacter.AI faces backlash for using the likeness of a murdered teenage victim in a video game without her family's consent. The victim's father and uncle condemned the company, prompting the chatbot's removal and the creator's account suspension. This raises concerns about ethical oversight in AI development.
KikyoTens of thousands of Indian nationals are falling victim to fake job offers in Southeast Asia, leading to cyber slavery and substantial financial losses of INR 500 crore ($60 million) between October 2023 and March 2024. Many are trapped in Cambodia, where approximately 5,000 Indians are forced into cyber scams, with the Indian Embassy rescuing over 1,000 citizens since January 2022, including 67 recently saved from Poipet on 22 September 2024.
WeatherlyLamborghini and Animoca Brands have teamed up to launch Fast ForWorld, a digital platform where fans can own, trade, and drive virtual Lamborghini supercars across games. Starting in November, users can unlock exclusive features and rewards with the digital Lamborghini Revuelto.
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