A breach of AT&T that exposed “nearly all” of the company’s customers may have included records related to confidential FBI sources, potentially explaining the bureau’s new embrace of end-to-end encryption.

The United States telecom giant AT&T disclosed a breach in July involving call and text messaging logs from six months in 2022 of “nearly all” its more than 100 million customers. In addition to exposing personal communication details for a slew of individual Americans, though, the FBI has been on alert that its agents’ call and text records were also included in the breach. A document seen and first reported by Bloomberg indicates that the bureau has been scrambling to mitigate any potential fallout that could lead to revelations about the identities of anonymous sources connected to investigations.

The breached data didn't include the content of calls and texts, but Bloomberg reports that it would have shown communication logs for agents' mobile numbers and other phone numbers they used during the six months period. It is unclear how widely the stolen data has spread, if at all. WIRED reported in July that after the hackers attempted to extort AT&T, the company paid $370,000 in an attempt to have the data trove deleted. In December, US investigators charged and arrested a suspect who reportedly was behind the entity that threatened to leak the stolen data.

The FBI tells WIRED in a statement: “The FBI continually adapts our operational and security practices as physical and digital threats evolve. The FBI has a solemn responsibility to protect the identity and safety of confidential human sources, who provide information every day that keeps the American people safe, often at risk to themselves.”

AT&T spokesperson Alex Byers says in a statement that the company “worked closely with law enforcement to mitigate impact to government operations” and appreciates the “thorough investigation” they conducted. “Given the increasing threat from cybercriminals and nation-state actors, we continue to increase investments in security as well as monitor and remediate our networks,” Byers adds.

The situation is surfacing amid ongoing revelations about a different hacking campaign perpetrated by China's Salt Typhoon espionage group, which compromised a slew of US telecoms, including AT&T. This separate situation exposed call and text logs for a smaller group of specific high-profile targets, and in some cases included recordings as well as information like location data.

As the US government has scrambled to respond, one recommendation from the FBI and the Cybersecurity and Infrastructure Security Agency has been for Americans to use end-to-end encrypted platforms—like Signal or WhatsApp—to communicate. Signal in particular stores almost no metadata about its customers and would not reveal which accounts have communicated with each other if it were breached. The suggestion was sound advice from a privacy perspective, but was very surprising given the US Justice Department's historic opposition to the use of end-to-end encryption. If the FBI has been grappling with the possibility that its own informants may have been exposed by a recent telecom breach, though, the about-face makes more sense.

If agents were following protocol for investigative communications strictly, though, the stolen AT&T call and text logs shouldn't pose a big threat, says former NSA hacker and Hunter Strategy vice president of research Jake Williams. Standard operating procedure should be designed to account for the possibility that call logs could be compromised, he says, and should require agents to communicate with sensitive sources using phone numbers that have never been linked to them or the US government. The FBI could be warning about the AT&T breach out of an abundance of caution, Williams says, or it may have discovered that agents' mistakes and protocol errors were captured in the stolen data. “This wouldn't be a counterintelligence issue unless someone was not following procedure,” he says.

Williams adds, too, that while the Salt Typhoon campaigns are only known to have impacted a relatively small group of people, they affected many telecoms, and the full impact of those breaches still may not be known.

“I worry about the FBI sources who might have been affected by this AT&T exposure, but more broadly the public still doesn't have a full understanding of the fallout of the Salt Typhoon campaigns,” Williams says. “And it seems that the US government is still working on getting a grasp of that as well.”

Hackers Likely Stole FBI Call Logs From AT&T That Could Compromise Informants

The Russian threat actor known as Star Blizzard has been linked to a new spear-phishing campaign that targets victims' WhatsApp accounts, signaling a departure from its longstanding tradecraft in a likely attempt to evade detection.
"Star Blizzard's targets are most commonly related to government or diplomacy (both incumbent and former position holders), defense policy or international relations

Russian Star Blizzard Shifts Tactics to Exploit WhatsApp QR Codes for Credential Harvesting

With the advent of virtual reality, everyone got scared that the life we ​​know will disappear, and only…

With the advent of **virtual reality**, everyone got scared that the life we ​​know will disappear, and only those who understand new technologies will be able to find work. Remember what they said about newspapers. And about television. Radio. It seems likely that the same will play out in real life. Just consider what’s already unfolding in virtual reality, within metaverses like Fortnite, Roblox, Holiverse, and Decentraland.

****What does the “reality disappearance” mean?****

The disappearance of reality in the context of the popularity of the **metaverse** does not mean the disappearance of the physical world. It is rather a transformation of our perception and the usage of the real world. Here is how such transformation can happen. 

****Psychological disappearancе****

Let’s start with a simple example. Remember how, as children, we used to play the console for hours, forgetting about lunch? Or look at your children. How many times do you have to say it before they finally sit at the table? Now imagine this feeling, but taken to a new level, where the virtual world feels more interesting and important than the real one.

But haven’t you noticed that we’ve been living this way for the past ten years? Tinder, Facebook, Instagram, and TikTok are gradually consuming several hours of our time every day.

Here’s an example of how a man psychologically disappears in a game. There is a character in World of Warcraft. In virtual reality, this person is a hero, an idol who is looked up to. And what about real life?

There is an ordinary office worker in glasses in a cool unit, whom sometimes even the cleaning lady does not notice. Where would this person be more comfortable? Of course, where he or she is a role model. It’s like choosing what to have for tea: a sweet cake with thick whipping cream or sauerkraut. Well, obviously, in terms of psychology, the man will choose the virtual world in the given situation.

Now imagine that all your communication, work, and even cultural events have shifted to the digital world, the metaverse. Without leaving home, you arrange business meetings, go to concerts, and have fun with friends. It seems like science fiction but it is already a reality.

Travis Scott has collected 12 million viewers in Fortnite. Why go to a real stadium if you can go to a popular rapper’s concert without leaving your home? And without being afraid of a crowd of fans or risking being trampled. Convenient, right?

More and more people understand that there is no point in wasting time in traffic jams if you can solve everything online. And this is just the beginning.

****Economic disappearancе****

Now imagine that money also goes into the virtual world. No, it’s not just about cryptocurrency. People buy virtual land for millions of dollars, sew clothes for avatars, and collect NFTs, like previous stamps or coins.

Here’s an example. Someone bought a Gucci bag in Roblox for $4,000. Although it cost more than in real life, it was still bought. For some, this bag is a way to show status, even in the game.

****Land in Decentraland, avatars in Holiverse and turning tеxt into vidео** **

If you look closely, the “disappearance of reality” has already begun. The only thing is that it’s not as bright as in science fiction movies. We do not connect wires to our heads to get into the virtual world, but, it looks like, we are gradually disappearing there. 

****People buy plots of virtual land for millions of dollars and hope****

For example, in 2021, someone bought a plot of land in Decentraland for $2 million. This is virtual land, you can’t even touch it! Tomorrow the server will burn out, the Internet will be turned off, and no one will remember it. However, for such people, this is not a game, but an investment. They believe that tomorrow virtual real estate will become even more valuable.

The same thing with clothes, which we love to buy in reality. Now imagine that you are buying not a jacket or sneakers, but a skin for your avatar. You do not understand why, but thousands of people around the world do this. In games like Fortnite or Holiverse, this is completely normal because people pursue their own goals there.

For the buyer, this is a matter of status. Because this bag makes his avatar authentic. And that’s cool.

Why is this cool? Here’s an example. A virtual character under the nickname Lil Мiquelа lives only on the Internet. In reality, no one fully understands how she appeared.

Although Miquela does not exist in real life, millions of subscribers follow her on Instagram. She advertises brands, stars in campaigns, and even releases music. Her creators earn millions, and for subscribers, she is “more than real.”

**Holiverse: аvatar as a digital twin**

Just imagine: you take a sample of your DNA at home, and within a couple of days, you receive a digital copy of yourself, an avatar that lives in a virtual world, mimics your behaviour, and adapts to reflect any changes. This avatar does not just copy your body, it knows exactly how your body will react to different physical loads, food products and even cosmetics. This concept is being developed by the **Holiverse** startup, led by Lado Okhotnikov.

The idea looks fresh. Instead of wasting time and money on trying different medicines, you can use your virtual double. For example, you can:

*   find out how your physical condition will change if you add new workouts;
*   try which products will improve your life and which ones you better exclude;
*   test supplements or medicine that you are planning to take.

Lado Okhotnikov and his team emphasize user accessibility. To create a digital copy, you just need to take a DNA test at home, using a test kit that can be purchased at a pharmacy near your home or on a marketplace. Then you will need to send this sample to the lab, and after a short period, you will receive an exact copy of yourself: an avatar that can predict your body’s reactions with incredible accuracy.

The main advantage of Holiverse is the cost of the service. Lado Okhotnikov aims to make this technology available to everyone, turning personalized medicine from luxury into a necessity.

**Luma: turns text into video**

**Luma AI** presented Dream Machine; a service that “brings the text to life.” In terms of quality, the neural network is almost as good as Sora, one of the most powerful generative models. But this startup has a big advantage; Dream Machine is available to everyone. The neural network works on a new architecture and is already bypassing competitors like Runway Gen-2 or Pika. The video is realistic: without jerks, and the characters look natural and are not distorted.

Although the videos are short, a year ago this was considered science fiction. In a year or two, the service may be able to offer something truly significant. For example, tools for generating full-fledged virtual worlds.

Who knows, maybe in a few years we will be able to design entire virtual cities at home in a couple of minutes, simply by describing them in words. Or turn our ideas into animated films available to a million audience in metaverses.

****And what’s next?****

Being scared of technology is the same as trying to stop progress. However, even with the advent of that very virtual reality which everyone is talking about, real life will not go anywhere. You will still go to stores, equipment will still break down, and someone will still come to fix it. The virtual world can captivate, but it will not replace everything. It will not be possible to give up reality quickly and painlessly.

1.  **What is the Fediverse?**
2.  **Google Wants to Put Our Memories in a Database**
3.  **What Is Programmatic Advertising And How To Use It**
4.  **Microsoft patent reveals chatbot to talk to dead people**
5.  **What is Blockchain Gaming and its Play-to-Earn Model?**

The Metaverse Will Become More Popular Than the Real World: Will Reality Disappear?

Cybersecurity researchers have detailed a now-patched security flaw impacting Monkey's Audio (APE) decoder on Samsung smartphones that could lead to code execution.
The high-severity vulnerability, tracked as CVE-2024-49415 (CVSS score: 8.1), affects Samsung devices running Android versions 12, 13, and 14.
"Out-of-bounds write in libsaped.so prior to SMR Dec-2024 Release 1 allows remote

Google Project Zero Researcher Uncovers Zero-Click Exploit Targeting Samsung Devices

Texas has become a leading enforcer of internet rules. Its latest probe includes some platforms that privacy experts describe as unusual suspects.

Over the past decade, Texas attorney general Ken Paxton has wielded his office’s significant resources to investigate well-known tech giants including Google and Meta over how they moderate content and treat rivals. He helped win settlements against Apple for allegedly misleading users and is suing TikTok for allegedly endangering children's privacy. Now, Paxton’s latest tech investigation includes an expansive number of targets, WIRED has learned.

Rumble, Quora, and WeChat are among the 15 companies from which Texas has demanded answers by next week about their collection and use of data of people under 18 years old. Paxton announced the investigation in a press release last month but named only four of the companies being probed—Character.AI, Red­dit, Insta­gram, and Dis­cord. WIRED obtained the names of additional targeted companies through a public records request. They also include Kick, Kik, Pinterest, Telegram, Twitch, Tumblr, WhatsApp, and Whisper.

Paxton’s office did not respond to requests for comment, including about how it chose which businesses to investigate. But the variety of companies questioned highlights the sprawling reach of a new Texas law aimed at increasing oversight of minors’ use of social media and chat services.

Three experts in youth privacy regulations who have been following Paxton’s enforcement efforts say the new investigation should be treated credibly, and they believe it could result in companies agreeing to improve their practices. The alternative could be up to hundreds of millions of dollars in penalties per company. “When you bring all the statutes together, Texas has a pretty significant hammer,” says Paul Singer, a partner and section chair at the law firm Kelley Drye & Warren.

Spokespeople for Character.AI and Tumblr say they take safety issues seriously. Meta and WeChat declined to comment. Other companies under investigation did not respond to requests for comment.

Paxton launched his probe three days after the families of an 11-year-old girl and 17-year-old boy in Texas sued chatbot startup Character.AI, claiming the company designed its product in an unsafe way that exposed the kids to sexualized and violent responses. In October, a similar case was filed in Florida by the family of a 14-year-old who shot himself to death allegedly following conversations with a Character.AI chatbot. Character.AI later introduced an experience aimed at kids and plans to roll out parental controls.

Other services under investigation including Kik, Instagram, and Discord have faced public scrutiny over their use by children. But less so WeChat, a messaging app popular among Chinese Americans, and Quora, a forum for crowdsourcing information that’s recently expanded into AI chatbots.

Paxton’s interest in Rumble, a YouTube-like website popular among US conservative political commentators, is also perhaps unexpected given his track record of partisan views about social media companies. Rumble has touted itself as a haven for free expression, unlike platforms that engage in allegedly heavier content moderation. Paxton is a Republican and has criticized platforms that unfairly silence Texans.

The privacy experts who spoke with WIRED described Rumble, Quora, and WeChat as unusual suspects but declined to speculate on the rationale behind their inclusion in the investigation. Josh Golin, executive director of the nonprofit Fairplay, which advocates for digital safety for kids, says concerns aren’t always obvious. Few advocacy groups worried about Pinterest, for example, until the case of a British teen who died from self-harm following exposure to sensitive content on the platform, he says.

Paxton’s press release last month called his new investigation “a critical step toward ensuring that social media and AI companies comply with our laws designed to protect children from exploitation and harm.”

The United States Congress has never passed a comprehensive privacy law, and it hasn’t significantly updated child online safety rules in a quarter century. That has left state lawmakers and regulators to play a big role.

Paxton’s investigation centers on compliance with Texas’ Securing Children Online through Parental Empowerment Act, or SCOPE, which went into effect in September. It applies to any website or app with social media or chat functions and that registers users under the age of 18, making it more expansive than the federal law, which covers only services catering to under-13 users.

SCOPE requires services to ask for users’ age and provide parents or guardians power over kids’ account settings and user data. Companies also are barred from selling information gathered about minors without parental permission. In October, Paxton sued TikTok for allegedly violating the law by providing inadequate parental controls and disclosing data without consent. TikTok has denied the allegations.

The investigation announced last month also referenced the Texas Data Privacy and Security Act, or TDPSA, which became effective in July and requires parental consent before processing data about users younger than 13. Paxton’s office has asked the companies being investigated to detail their compliance with both the SCOPE Act and the TDPSA, according to legal demands obtained through the public records request.

In total, companies must answer eight questions by next week, including the number of Texas minors they count as users and have barred for registering an inaccurate birthdate. Lists of whom minors’ data is sold or shared with have to be turned over. Whether any companies have already responded to the demand couldn’t be learned.

Tech company lobbying groups are challenging the constitutionality of SCOPE Act in court. In August, they secured an initial and partial victory when a federal judge in Austin, Texas, ruled that a provision requiring companies to take steps to prevent minors from seeing self-harm and abusive content was too vague.

But even a complete win might not be a salve for tech companies. States including Maryland and New York are expected to enforce similar laws starting later this year, says Ariel Fox Johnson, an attorney and principal of the consultancy Digital Smarts Law & Policy. And state attorneys general could resort to pursuing narrower cases under their tried-and-true laws barring deceptive business practices. “What we see is often information gets shared or sold or disclosed in ways families didn’t expect or understand,” Johnson says. “As more laws are enacted that create firm requirements, it seems to be becoming more clear that not everybody is in compliance.”

Rumble Among 15 Targets of Texas Attorney General’s Child Privacy Probe

The fate of TikTok now rests in the hands of the US Supreme Court. If a law banning the social video app this month is upheld, it won’t disappear from your phone—but it will get messy fast.

The law says it will be “unlawful” for entities to “distribute, maintain or update” the app including its source code, or by “providing services” that allow it to keep running as it is now. This distribution, maintenance, or updates could be, the law says, by means of mobile app stores that can be accessed in the US or by “providing internet hosting services.”

“The law really deliberately avoided saying that it was illegal to have the app on your phone,” says Milton Mueller, a professor and cofounder of the Internet Governance Project at the Georgia Institute of Technology, who filed an amicus brief to the Supreme Court in opposition of the ban. “Their attempt is to say nobody new can download it from the Apple or Google stores, and nobody who has it can update it through those stores,” Mueller says. “There’s nothing in the law that says ‘TikTok you must block US users,’ which is again interesting.”

If TikTok is removed from Apple’s App Store and Google’s Play Store in the US, it will not be possible to directly install new updates that will add new features, fix bugs within the code, or quash security flaws. Over time, that means TikTok will stop functioning properly. Apple didn’t respond to WIRED’s request for comment, while Google declined to comment on what it will do if the law comes into effect.

The law’s other focus is on stopping “hosting” companies from providing services to TikTok—and the definition is pretty wide. Hosting companies “may include file hosting, domain name server hosting, cloud hosting, and virtual private server hosting,” the law says. Since the summer of 2022, as TikTok faced pressure about its Chinese ownership, the company has hosted US user data within Oracle’s cloud services. Oracle also did not respond to WIRED’s request for comment.

Even so, other systems such as content delivery networks, advertising networks, payment providers, and more are used as part of TikTok’s infrastructure. The law does not specifically mention these services, but differing legal readings could make them question whether they help to “maintain” or “distribute” TikTok’s fully functioning service.

Hall says a recent test of TikTok’s website showed 185 embedded domains on the page. “They pull in code, content from that array of third-party providers and their own domains too,” he says. “The apps will start to decay and rot as either services stop working, things like content distribution networks or services who feel like they can't take the risks of the ambiguous nature of the language or the potential enforcement by the incoming administration.”

There’s one internet infrastructure player that the ban does not specifically put pressure on: internet service providers. Countries such as Russia and China have developed censorship measures that allow them to block entire websites from being accessed through web bowsers. Mueller believes this omission by US lawmakers was likely deliberate, as it avoids setting up a Chinese-style internet firewall. “They knew that a system of ISP-based blocking and filtering would obviously be a form of First Amendment restriction,” he says.

**Avoiding a TikTok Ban**

While TikTok’s service in the US would likely degrade over time, there remain some potential ways around any ban—both for individuals and potentially also the company itself. How effective these measures would be likely depends on how motivated people are to keep using TikTok and what the company decides to do.

“TikTok has 170 million users,” says Alan Rozenshtein, an associate professor of law at the University of Minnesota, who is in favor of the law but says it is the “best of a bunch of bad options” relating to TikTok. “This law will not prevent every one of them from accessing TikTok. I don’t think that was ever the goal of the law. The law is to make it meaningfully harder to access TikTok.”

How the US TikTok Ban Would Actually Work

The inside story of the teenager whose “swatting” calls sent armed police racing into hundreds of schools nationwide—and the private detective who tracked him down.

The School Shootings Were Fake. The Terror Was Real

The deal will enhance 1Password Extended Access Management offering with capabilities to address challenges around software-as-a-service sprawl and shadow IT.

Source: blickwinkel via Alamy Stock Photo

NEWS BRIEF

1Password on Monday announced that it has acquired software-as-a-service (SaaS) access management provider Trelica. Although terms of the transaction were not disclosed, 1Password said it is the largest acquisition by company revenue in its 18-year history.

1Password provides password management and other online identity-based services. This acquisition will build on 1Password's effort to expand its Extended Access Management offering, a platform that secures, identities, and manages access and permissions applications and devices, the company said. Launched last year, the platform is designed to ensure that employee devices, identities, and apps are trusted before granting access to enterprise resources.

Founded in 2018, UK-based Trelica offers a suite of tools for managing and securing SaaS applications, such as tools for employee onboarding and offboarding, discovering shadow IT deployments, SaaS operations, spend optimization, and access management. With shadow IT and SaaS sprawl increasing the risk of security breaches, security teams rely on automated application discovery tools to identify unmanaged apps, streamline user provisioning and access governance, and enforce security policies.

"Trelica addresses critical challenges that haven't been solved by traditional solutions like single sign-on (SSO), mobile device management (MDM) and SaaS security posture management (SSPM)," wrote 1Password CEO Jeff Shiner in a blog post announcing the deal. "These include provisioning and de-provisioning users, reclaiming unused licenses, monitoring permission drift, and adjusting access during role changes. Trelica prioritizes IT administrators' most time-consuming tasks while maintaining a secure environment."

With Shadow IT discovery capabilities from Trelica, the 1Password Extended Access Management platform will provide organizations with a repeatable framework for bringing unmanaged apps into full compliance under IT and security management, while empowering employees to use the tools that enhance their productivity, 1Password said in a statement.

Besides 1Password, Trelica lists over 300 SaaS integrations with SaaS providers, including Adobe, Atlassian, Cisco, Google, HubSpot, JFrog, LastPass, ManageEngine, Marketo, Microsoft, Okta, Pax8, Salesforce, SAP, ServiceNow, Snyk, Sophos, TeamViewer, Workday, Workspace One, and Zoom.

**About the Author**

Contributing Writer

Jeffrey Schwartz is a journalist who has covered information security and all forms of business and enterprise IT, including client computing, data center and cloud infrastructure, and application development for more than 30 years. Jeff is a regular contributor to Channel Futures. Previously, he was editor-in-chief of Redmond magazine and contributed to its sister titles Redmond Channel Partner, Application Development Trends, and Virtualization Review. Earlier, he held editorial roles with CommunicationsWeek, InternetWeek, and VARBusiness. Jeff is based in the New York City suburb of Long Island.

1Password Acquires SaaS Access Management Provider Trelica

SUMMARY: Do Hyeong Kwon (Do Kwon), the 33-year-old co-founder and former CEO of Terraform Labs, has been extradited…

****SUMMARY:****

*   **Extradition**: Terraform Labs founder Do Kwon has been extradited from Montenegro to the United States.

*   **Fraud Charges**: Kwon faces federal charges, including fraud and money laundering, linked to the collapse of Terraform’s cryptocurrencies.

*   **Investor Losses**: The indictment alleges Kwon’s schemes caused over $40 billion in investor losses.

*   **Potential Sentence**: If convicted on all nine charges, Kwon could face up to 130 years in prison.

*   **Court Appearance**: Kwon appeared in a Manhattan court on December 31, 2024, to respond to the charges.

Do Hyeong Kwon (Do Kwon), the 33-year-old co-founder and former CEO of Terraform Labs, has been extradited from Montenegro to the United States to face federal fraud charges. 

It is worth noting that in March 2023, **Do Kwon was apprehended** at an airport in Montenegro’s capital while attempting to use falsified documents. However, Kwon arrived in the U.S. on December 31, 2024, and appeared in a Manhattan court, where a superseding indictment alleges that he engaged in multiple schemes to deceive investors and fraudulently inflate the value of Terraform’s cryptocurrencies, resulting in over $40 billion in investor losses.

The indictment accuses Kwon of orchestrating various schemes between 2018 and 2022, including making false and misleading claims about the stability and long-term benefits of Terraform’s cryptocurrency stablecoin protocol, its **use of blockchain technology**, and the development of reliable financial technologies.

Kwon allegedly manipulated Terraform products to create the illusion of a functioning, stable, and decentralized financial system while personally benefiting from the inflated value of Terraform’s cryptocurrencies.

The **indictment** (PDF) against Do Kwon outlines several specific misrepresentations regarding the Terra ecosystem. Among them are the _**Stablecoin Misrepresentation**s_, where Kwon falsely claimed the Terra Protocol could maintain TerraUSD’s (UST) value at $1, despite secretly relying on a high-frequency trading firm to artificially support its peg.

Similarly, the _**LFG Misrepresentations**_ revealed Kwon’s false assertions about the Luna Foundation Guard (LFG) being independently managed, while he actually controlled it and misappropriated hundreds of millions of its assets.

Additionally, the _**Mirror Misrepresentations**_ showed Kwon’s claims of the Mirror Protocol being decentralized were untrue, as he and Terraform Labs manipulated synthetic asset prices through trading bots.

Other notable misrepresentations include the _**Chai Misrepresentations**_, where Kwon falsely claimed Terra blockchain’s integration with Chai facilitated billions of dollars in transactions, though Chai operated via traditional financial systems.

Lastly, the _**Genesis Coin Misrepresentations**_ revealed Kwon’s misuse of $145 million worth of stablecoins, originally allocated at Terra’s launch, to fund fake Chai blockchain transactions and manipulate synthetic asset prices through trading bots. Together, these indictments allege the deceptive practices used to artificially inflate the Terra ecosystem’s credibility and value.

It is worth noting that at its peak in the spring of 2022, the total apparent market value of UST and another Terraform cryptocurrency, LUNA, exceeded $50 billion. However, in May 2022, the value of UST and LUNA crashed, resulting in over $40 billion in investor losses. Following the crash, Kwon allegedly attempted to cover up his crimes by distributing a misleading “third-party audit” report and sought to launder the proceeds of his fraud through various means.

_“_This fraud and the crash of Terraform’s cryptocurrencies… erased over $40 billion in investor assets, causing devastating losses,_“_ US Attorney Daniel M. Gitner for the Southern District of New York stated in a **press release**.

James E. Dennehy, Assistant Director in Charge of the FBI New York Field Office, described Kwon as a “puppet master” who maintained a false image of his company for years to lure investors

Kwon faces a total of nine charges, including commodities fraud, securities fraud, wire fraud, and money laundering conspiracy. If convicted on all counts, he could face a maximum penalty of 130 years in prison. The case is being investigated by the FBI, with assistance from various international and domestic agencies, as well as the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission.

1.  **DoJ seizes $1B in BTC linked to Silk Road marketplace**
2.  **NY Couple Pleads Guilty to $4.5B Bitcoin Theft in Bitfinex Hack**
3.  **Russian Extradited to US, Face Charges in Phobos Ransomware**
4.  **E-Root Market Admin Extradited to US on Computer Fraud Charge**
5.  **Dark Web Drug Lord Pleads Guilty, Forfeits $150M Cryptocurrency**

Terraform Labs Founder Do Kwon Extradited to US, Faces 130-Year Sentence

Apple has agreed to pay $95 million to settle a proposed class action lawsuit that accused the iPhone maker of invading users' privacy using its voice-activated Siri assistant.
The development was first reported by Reuters.
The settlement applies to U.S.-based individuals current or former owners or purchasers of a Siri-enabled device who had their confidential voice communications with the

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