Tuesday Newsday Oct 10 - Oct 16: SBF on Trial, Real/Fake Zero- Day Exploits, & Cloud Gaming Nightmares

By now, it's safe to assume most of you know the drill: the internet chefs spend all week cooking up that glorious content, and every week you come here for a sampler menu of bite-size news niblets you may have missed. Without any further ado, let's get this week's edition of Tuesday Newsday™ onto your plates and in your palettes.

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The trial of the crypto world's golden boy turned disgrace, Sam Bankman-Fried, is now underway in Manhattan's Federal Court

The drama this past week has been delectable. SBF's former paramour and business partner, Caroline Ellison, made some damning claims while testifying last week. The most salacious: Sam's whole goofy nerd with frazzled hair who was out to save the world with his effective altruism act was exactly that: a calculated act. His lawyers have also requested that the courts need to expand his access to Adderall because it's really hard for him to concentrate... while the state lays out his fraud scheme and all of his former friends testify against him.

It's a shame SBF didn't get pregnant like Elizabeth Holmes did during her trial. Maybe the jury would be more sympathetic 🤷
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A rumor circulating about zero-day exploits in Signal has been investigated by the Signal Foundation

The alleged zero-day exploit purported to allow the full takeover of devices went viral across several social media platforms. The investigation conducted by the Signal Foundation found no such exploit to exist and they've requested anyone else with more credible information to come forward.

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Cloud gaming-as-a-service company, Shadow, suffers a big breach of data

The actor responsible has allegedly placed the details of 533,624 customers for sale on a cybercrime forum. Shadow's CEO has thus far declined to say how many people's information was accessed in the data leak. The stolen data includes email addresses, full names, billing addresses, dates of birth, and some data about user's credit cards, like expiration dates. Shadow's CEO has also stated that no passwords or sensitive banking data was accessed.

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Chinese state-backed hackers are at it again

Atlassian, the software company best known for Jira, is vulnerable to a critical-rated zero-day exploit in their software. The company stated that it had observed a nation-state threat actor known as "Storm-0062" exploit the vulnerability to access Atlassian data centers and servers. Microsoft has previously identified Storm-0062 as a China-based state-sponsored hacker or hacking group.

TL;DR

  • The Crypto world is rife with scams and it preys on retail investors the most. Do your due diligence or you could get scammed by a guy who looks like this:
Whoever drew this probably had a couple hundred locked up in FTT 💀
  • Some zero-day exploits are real, the others are fake news. You're expected to know which is which, apparently
  • Subscription services are nice and convenient - until they get hacked and become a headache and a liability

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