💰 IRS Seizes Another Silk Road Hacker's $3.36 Billion Bitcoin Stash

Today’s pick

IRS Seizes Another Silk Road Hacker's $3.36 Billion Bitcoin Stash. The legendary dark web market for drugs known as the Silk Road was designed to be an anarchic underworld economy that evaded all government control. Instead, years after it was torn offline, it's proven to be the IRS's gift that keeps on giving. (Andy Greenberg / WIRED)

Andy Greenberg (agreenberg@infosec.exchange) @a_greenberg

Remember when in 2020 the IRS seized $1 billion in bitcoins from a hacker who'd stolen them from Silk Road and held them for years? IRS did the same thing with *another* Silk Road hacker the next year, this time seizing 50,000 bitcoins worth $3.36 billion.

wired.comIRS Seizes Another Silk Road Hacker’s $3.36 Billion Bitcoin StashA year after a billion-dollar seizure of the dark web market’s crypto, the same agency found a giant trove hidden under a different hacker’s floorboards.

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China's Business Elite Sees the Country That Let Them Thrive Slipping Away. For decades, China's business class had an unspoken contract with the Communist Party: Let us make money and we'll turn a blind eye to how you use your power. Like most Chinese people, they bought into the party's argument that its one-party rule… (Li Yuan / The New York Times)

Li Yuan @LiYuan6

For decades, China’s business class had an unspoken contract with the Communist Party:Let us make money and we’ll turn a blind eye to how you use your power. Now they're suffering from political depression in Xi Jinping's new China. My latest

nytimes.comChina’s Business Elite See the Country That Let Them Thrive Slipping AwayThe business class, which shunned politics, is now questioning if there is still a place for it in a system dominated by one ruler, Xi Jinping.

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Musk discusses putting all of Twitter behind a paywall. If Friday brought massive layoffs to Twitter, Monday brought fresh evidence that the company will never be the same. Musk has discussed putting the entire site behind a paywall, Platformer has learned. Meanwhile, the company is scrambling to lure… (Casey Newton / Platformer)

Casey Newton @CaseyNewton

More news from Twitter today: Elon Musk and David Sacks have both discussed putting all of Twitter behind a paywall eventually, @platformer has learned platformer.news/p/musk-discuss…

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YouTube Shorts are coming to your TV - and taking over the platform. YouTube Shorts is working. That much Todd Sherman knows for sure. Sherman, the product manager behind YouTube's endless-scrolling short-form TikTok competitor, is quick to quote the numbers: 1.5 billion users a month are watching Shorts, and… (David Pierce / The Verge)

Todd Sherman @tdd

🩳📺 I'm excited to see Shorts coming to people's TVs! Great content shouldn't be contained to a single device. Thanks for chatting with me @pierce. Shout out to @brynn and the Living Room team for bringing this experience to life. theverge.com/2022/11/7/2344…

theverge.comYouTube Shorts are coming to your TV — and taking over the platformShorts is part of YouTube’s future. It might also be the future of YouTube.

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Apple Built Its Empire With China. Now Its Foundation Is Showing Cracks.. Every September, Apple unveils its latest phones at its futuristic Silicon Valley campus. A few weeks later, tens of millions of its newest handsets, assembled by legions of seasonal workers hired by its suppliers, are shipped from Chinese… (Tripp Mickle, Chang Che, Daisuke Wakabayashi / The New York Times)

Tripp Mickle @trippmickle

Apple was a master of international relations, but its superpowers are failing. Chalk it up to the kryptonite of China. How Beijing's zero-covid is shutting factories & Washington protectionists are dictating iPhone vendors w/ @Changxche & @daiwaka

nytimes.comApple Built Its Empire With China. Now Its Foundation Is Showing Cracks.Lawmakers’ objections to an obscure Chinese semiconductor company and tough Covid-19 restrictions are hurting Apple’s ability to make new iPhones in China.

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