🚨 Austrian Ex Crypto CEO Likely Stole $11 Billion Of Ether

Today’s pick

Exclusive: Austrian Programmer And Ex Crypto CEO Likely Stole $11 Billion Of Ether. Who hacked The DAO in 2016, diverting 3.6 million ether? We identify the apparent hacker — he denies it — by following a complicated trail of crypto transactions and using a previously undisclosed privacy-cracking forensics tool. (Laura Shin via Forbes)

Laura Shin @laurashin

I've published an article on Forbes revealing this person's identity:forbes.com/sites/laurashi… I also unveil their identity on today's episode of @Unchained_pod, which also features an interview by @Steven_Ehrlich of @ForbesCrypto with me about the findings:

forbes.comExclusive: Austrian Programmer And Ex Crypto CEO Likely Stole $11 Billion Of EtherWho hacked The DAO in 2016, diverting 3.6 million ether? We identify the apparent hacker — he denies it — by following a complicated trail of crypto transactions and using a previously undisclosed privacy-cracking forensics tool.

---

Never mind Big Tech - 'little tech' can be dangerous too. An inquiry opened last week into a scandal that has horrified Britons: how hundreds of people running UK post offices were wrongly prosecuted for false accounting and theft on the basis of a faulty computer system. (Sarah O’Connor via Financial Times)

Jonathan Moules @Jonathan_Moules

A timely warning about the dangers of trusting technology more than people

ft.comSubscribe to read | Financial TimesNews, analysis and comment from the Financial Times, the worldʼs leading global business publication

---

Yale Law School to Cover Full Tuition and Fees for Lowest-Income Students. Yale Law School will begin covering full tuition for its lowest-income students next fall, as the elite graduate program aims to diversify its ranks and make obtaining a law degree more affordable. (Melissa Korn and Sara Randazzo via Wall Street Journal)

Sara Randazzo @sara_randazzo

Yale Law is making a big move to make law school more accessible for those whose families are under the poverty line. ⁦@melissakorn⁩

wsj.comWSJ News Exclusive | Yale Law School to Cover Full Tuition and Fees for Lowest-Income StudentsDean Heather Gerken is urging other law schools to direct more of their financial aid to need-based scholarships.

---

The US Copyright Office says an AI can't copyright its art. The US Copyright Office has rejected a request to let an AI copyright a work of art. Last week, a three-person board reviewed a 2019 ruling against Steven Thaler, who tried to copyright a picture on behalf of an algorithm he dubbed Creativity… (Adi Robertson via The Verge)

Josh Farkas @JoshuaFarkas

New ruling that AI art needs “creative input or intervention from a human author” to be copyrightable. How much input? Does Promptism meet this standard? Does cropping, adjusting levels (etc) impact this? Fascinating road ahead!

theverge.comThe US Copyright Office says an AI can’t copyright its artNo human authorship means no copyright protection.

---

The US is unmasking Russian hackers faster than ever. The White House was quick to publicly blame Russia for a cyberattack against Ukraine, the latest sign that cyber attribution is a crucial tool in the American arsenal. (Patrick Howell O'Neill via MIT Technology Review)

Patrick Howell O'Neill @HowellONeill

New: How public attribution of cyber operations went from "the elephant in the room that no one dared to mention" to one of America's most important geopolitical tools

technologyreview.comThe US is unmasking Russian hackers faster than everThe White House was quick to publicly blame Russia for a cyberattack against Ukraine, the latest sign that cyber attribution is a crucial tool in the American arsenal.

---

An Obscure Corner of Wall Street Is Making Billions Trading Inflation. Small teams have been making the most of global price shocks with trades that can be just as volatile. (Donal Griffin via Bloomberg)

Donal Griffin @DonalGriffin1

Soaring inflation is squeezing households, pushing some communities into poverty and creating policy nightmares for govts and central bankers. It's also the opportunity of a lifetime for an obscure group of Wall Street traders. Story w/@WilliamShaw546

bloomberg.comBloomberg - Are you a robot?

---

TikTok Wants Longer Videos-Whether You Like It or Not. The company knows that clips over 60 seconds in length stress users out. That won't stop it from chasing the lucrative long-video market. (Chris Stokel-Walker via WIRED)

WIRED @WIRED

TikTok knows that clips over 60 seconds in length stress users out. But short videos can only get the app so far.

wired.trib.alTikTok Wants Longer Videos—Whether You Like It or NotThe company knows that clips over 60 seconds in length stress users out. That won’t stop it from chasing the lucrative long-video market.

---

Thanks for reading to the bottom and soaking in our Newslit fuelled highlights for your morning.

I hope you found it interesting and, needless to say, if you have any questions or feedback let me know by hitting reply or on Twitter.

Take care and see you tomorrow!

— Jose Montes de Oca

P.S. Was this forwarded to you? Sign up here.