The FTX Finale + A European Spyware Bombshell + Roblox Buys Cheating Company
Nov 16, 2023
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Amnesty International's Predator Files reveal targeted spyware attacks on civil society members. The discussion also covers the controversial Humane AI Pin and Roblox's acquisition of a cheating company to combat game hacks.
Roblox's partnership with a cheat manufacturer to combat cheating raises questions about ethics and effectiveness.
FTX co-founder Sam Bankman-Fried found guilty of fraud and money laundering, leading to the collapse of FTX and potential prison sentence.
Deep dives
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In a surprising move, Roblox has partnered with Synapse Softworks LLC, a well-known cheat manufacturer, to combat cheating within the game. This unconventional partnership has raised eyebrows, as Roblox has essentially hired the company responsible for developing the biggest cheat in the game to prevent cheating. The decision has sparked controversy and led to discussions about the effectiveness of this approach. While some believe that Synapse's knowledge and expertise can help enhance the platform's security, others question the ethics of partnering with a cheat manufacturer. Despite the skepticism, Roblox remains optimistic about the collaboration and sees it as a step towards reinforcing platform security.
The Collapse of FTX and Legal Consequences
Sam Bankman-Fried, co-founder of cryptocurrency exchange FTX, has been found guilty on charges of fraud, conspiracy, and money laundering. The collapse of FTX and the subsequent trial revealed that customer funds were being transferred between FTX and Alameda Research, Bankman-Fried's trading firm. Gary Wang, a former FTX executive, testified that Bankman-Fried directed him to create an exception allowing Alameda to borrow unlimited money from FTX, leading to the collapse. Bankman-Fried now faces a potentially lengthy prison sentence.
Speculation on Crypto ETFs and NFT Shenanigans
There is speculation surrounding the potential approval and launch of cryptocurrency exchange-traded funds (ETFs), which would spot price crypto into regulated securities markets. The approval of these ETFs would be a significant step toward legitimizing cryptocurrency in institutional finance. On another note, attendees at an NFT event in Hong Kong suffered eye burns when ultraviolet lights were used in the display. While the injuries are not humorous, the context of NFTs causing snow blindness adds an ironic twist to the story.
A chat in which we discuss the end of the FTX trial, Amnesty International's newly released Predator Files, the Humane AI Pin, and what happens when a video game company decides to buy the people who were cracking their game.