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lapses

New research shows how attention lapses are exploited by fake news sites

(A) We developed the "misinformation game" in which transmitters choose whether to share true or false stories and receivers decide whether to engage with each story or not. B) We assume that, when deciding whether to engage with a given story, receivers can take into account its perceived accuracy, and the accuracy of past stories shared by transmitters. (C) We assume that a transmitter chooses each subsequent story to be true or false based on the…

Evergrande Auto’s Investment Agreement With Dubai Automaker Lapses

Updated Jan. 1, 2024 9:26 pm ETChina Evergrande New Energy Vehicle said an agreement for a Dubai-based automaker to subscribe to its shares has expired, raising fresh doubts about a potential cash injection for the Chinese electric-vehicle manufacturer.The parties to the share subscription and the loan conversion agreement by Nasdaq-listed carmaker NWTN haven’tagreed to extend the long stop dates, which expired Dec. 31, 2023, Evergrande New Energy Vehicle, also known as Evergrande Auto, said in a filing late

Binance Lapses Boosted Terrorists, Hackers, Sanctions Violators

Binance Holdings Ltd. had such lax controls over cryptocurrency transactions on its exchange that terrorists, hackers and sanctions violators used it for years to move billions of dollars, US prosecutors said.Binance and Chief Executive Officer Changpeng Zhao pleaded guilty to criminal charges Tuesday, admitting they failed to take basic anti-money laundering steps that are the bedrock of government efforts to check the flow of dirty money worldwide. Binance will pay $4.3 billion, while Zhao will step down as CEO and pay…

SpaceX Safety Lapses Leading to Severe Staff Injuries

SpaceX has undoubtedly cemented its position as a leader in the emerging space industry, but that may have come at a painful price. A shocking new investigation by Reuters documents 600 workplace injuries and one death at Elon Musk’s rocket company, highlighting a dangerous disregard for safety practices for the sake of SpaceX’s ambitious goals.Astronomers Could Soon Get Warnings When SpaceX Satellites Threaten Their ViewIn its report, Reuters talked to more than a dozen current and former employees and reviewed medical…

Internal Report Suggests Security Lapses at Hacked Crypto Exchange Bitfinex

Bitfinex told OCCRP the analysis was “incomplete” and “incorrect” and that there was “evidence of negligence…on the part of other counterparties that led to the hack.” Bitgo declined to comment. Ledger Lab did not respond to a request for comment.The hacker covered their tracks with a data destruction tool, used to permanently delete logs and other digital artifacts that might have identified the initial entry point into Bitfinex systems, meaning it’s not clear how they got into the exchange’s systems, only the security…

Google’s Rush to Win in AI Led to Ethical Lapses, Employees Say

Shortly before Google introduced Bard, its AI chatbot, to the public in March, it asked employees to test the tool.One worker's conclusion: Bard was “a pathological liar,” according to screenshots of the internal discussion. Another called it “cringe-worthy.” One employee wrote that when they asked Bard suggestions for how to land a plane, it regularly gave advice that would lead to a crash; another said it gave answers on scuba diving “which would likely result in serious injury or death.” Google launched Bard anyway.…

binance: Binance sued by US watchdog for alleged derivatives rule lapses

Binance Holdings Ltd., the world’s largest cryptocurrency exchange, and Chief Executive Officer Changpeng Zhao, were sued by the US Commodity Futures Trading Commission for allegedly breaking derivatives rules. The CFTC filed the lawsuit Monday in federal court in Chicago. The derivatives regulator said Binance shirked its obligations by not properly registering with it. Representatives for Binance and Zhao, who is known as CZ, didn’t immediately respond to a request for comment. “Defendants have disregarded applicable…

‘Star Trek: Picard’ can’t stop drawing attention to its own lapses in logic

The following episode discusses Star Trek: Picard, Season Three, Episode Five, “Imposters.” Efficient storytelling is not a strength you can traditionally attribute to Star Trek: Picard, which has often felt padded. Each of its three seasons have felt like one or two made-for-TV-movies' worth of story stretched thin to ten near-hour long episodes. Nowhere is this more evident than in this season’s fifth episode, where five minutes of plot is expanded to a full episode. Here, Team Picard learns that Starfleet has been…

GTB UK fined £7.7m over money laundering control lapses

The Financial Conduct Authority (FCA), regulator of the financial services industry in the United Kingdom, imposed monetary penalties totalling £7.7 million on the UK unit of Guaranty Trust Bank (GTB) “for serious weaknesses in its anti-money laundering (AML) systems and controls between October 2014 and July 2019,” the watchdog said Tuesday in a statement. The sanction signals the second time the lender would face punitive action touching on AML controls, having incurred a fine of £525,000 in August 2013 “for…

Elon Musk accuses Twitter of security lapses in court filing

Billionaire Elon Musk accused Twitter Inc of fraud by concealing serious flaws in the social media company's data security, which the entrepreneur said should allow him to end his $44 billion deal for the company, according to court filing. Musk, the world's richest person, amended his previously filed lawsuit by adopting allegations by a Twitter whistleblower, who told Congress on Tuesday of meddling on the influential social media platform by foreign agents. The chief executive of electric vehicle maker Tesla Inc also…