🚔 Ex-C.I.A. Engineer Convicted in Biggest Theft Ever of Agency Secrets

Plus: Inflation rose 9.1% in June, even more than expected. Crypto Crash Drags Lender Celsius Network Into Bankruptcy. And more

Today’s pick

Ex-C.I.A. Engineer Convicted in Biggest Theft Ever of Agency Secrets. The top federal prosecutor in Manhattan said Joshua Schulte had engaged in “one of the most brazen and damaging acts of espionage in American history.”… (Ed Shanahan / The New York Times)

Frank Figliuzzi @FrankFigliuzzi1

“Catastrophic damage”. He gave Wikileaks the technology America uses to hack into our adversary’s devices: Ex-C.I.A. Engineer Convicted in Biggest Theft Ever of Agency Secrets - The New York Times

nytimes.comEx-C.I.A. Engineer Convicted in Biggest Theft Ever of Agency SecretsThe top federal prosecutor in Manhattan said Joshua Schulte had engaged in “one of the most brazen and damaging acts of espionage in American history.”

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Inflation rose 9.1% in June, even more than expected, as price pressures intensify. The consumer price index for June was expected to rise 8.8% from a year ago, according to Dow Jones estimates. (Jeff Cox / CNBC)

Jeff Cox @JeffCoxCNBCcom

Inflation rose 9.1% in June, even more than expected, as price pressures intensify

cnb.cxInflation rose 9.1% in June, even more than expected, as consumer pressures intensifyThe consumer price index, soared 9.1% from a year ago, above the 8.8% Dow Jones estimate.

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Crypto Crash Drags Lender Celsius Network Into Bankruptcy. Crypto lender Celsius Network LLC has filed for bankruptcy protection a month after halting withdrawals, in the wake of a collapse in digital currency prices that stretched the crypto lending platform's business model past the breaking point. The… (Alexander Gladstone / Wall Street Journal)

Alexander Gladstone @gladstonea

Celsius Network just filed for bankruptcy in New York, listing up to $10 billion in liabilities. @WSJ first reported on June 14 that the troubled crypto lending firm had engaged restructuring counsel.

wsj.comCrypto Crash Drags Lender Celsius Network Into BankruptcyCryptocurrency lender Celsius Network filed for bankruptcy protection Wednesday, a month after halting withdrawals in the wake of a collapse in digital currency prices that stretched the platform’s business model past the breaking point.

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Netflix is partnering with Microsoft for its new ad-supported tier. Netflix is partnering with Microsoft for its upcoming ad-supported streaming tier, the company announced Wednesday. The streaming service says Microsoft will become its “global advertising technology and sales partner” upon rolling… (Emma Roth via The Verge)

Tom Warren @tomwarren

Netflix is partnering with Microsoft for its new ad-supported tier. Microsoft will become Netflix’s global advertising technology and sales partner theverge.com/2022/7/13/2320…

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Amazon's Ring gave a record amount of doorbell footage to the government in 2021. Ring, the maker of internet-connected video doorbells and security cameras, said in its latest transparency report that it turned over a record amount of doorbell footage and other information to U.S. authorities last year. The Amazon-owned company… (Zack Whittaker / TechCrunch)

Zack Whittaker @zackwhittaker

New: Ring, the Amazon-owned video doorbell maker with thousands of cozy partnerships with police departments, gave a record amount of doorbell footage and other user information to U.S. authorities in 2021, according to its latest figures.

techcrunch.comAmazon’s Ring gave a record amount of doorbell footage to the government in 2021 – TechCrunchThe doorbell maker said it turned over user content in response to about four out of ten demands it received.

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