🚨 FBI Created A Crypto For Sting Operation

Sponsored by

‎ ‎

Hey Waivly Crew! 🌊 In today’s edition, we’ve got a variety of topics to explore.

‎‎‏‏‎ ‎‎

Here’s what’s on the horizon today:

• Internet Archive hit by security breach and DDOS attack

• Longtime Apple executive Dan Riccio is retiring

• SEC, FBI, DOJ file lawsuits against fraudulent crypto firms

• Thai SEC proposes allowing crypto products in mutual, private funds

Let’s dive in!

STORIES MAKING A SPLASH

^_TECH
Internet Archive hit by security breach and DDOS attack

The Internet Archive has been hit by DDoS attacks, taking the site offline just as it was about to disclose a previous data breach involving 31 million stolen records. Security expert Troy Hunt noted the attacks are likely coincidental, involving multiple parties.

Founder Brewster Kahle has shared updates on X, stating the team is working to restore the site. A group called Blackmeta claimed responsibility, posting a cryptic message tying the attack to the U.S. and referencing the stolen data linked to Hunt’s haveibeenpwned site.

These attacks add to the Archive's challenges, which include a recent legal defeat over ebook copyright issues in the U.S. Court of Appeals. The Archive, a nonprofit, provides free access to digital media and hosts the Wayback Machine.

^{_{EDITION IN PARTNERSHIP WITH}}
AI Tool Report

Learn AI in 5 Minutes a Day

AI Tool Report is one of the fastest-growing and most respected newsletters in the world, with over 550,000 readers from companies like OpenAI, Nvidia, Meta, Microsoft, and more.

Our research team spends hundreds of hours a week summarizing the latest news, and finding you the best opportunities to save time and earn more using AI.

Sign up with 1-Click

^_TECH
Longtime Apple executive Dan Riccio is retiring

Dan Riccio, a key Apple executive and former head of hardware engineering, is set to retire this month after an impressive 26-year career at the tech giant. Starting with Apple as the leader of the iPad division, Riccio became the SVP of hardware engineering in 2012, overseeing iconic products like AirPods and larger iPhones, and initiating ambitious projects such as the Apple Car and Vision Pro.

In 2021, Riccio handed over his hardware engineering role to John Ternus and shifted to a mysterious new project, which was later revealed to be the Vision Pro headset. Ternus will now lead the Vision Products Group as rumors swirl about his potential future as Tim Cook’s successor.

Riccio's departure follows a wave of executive exits at Apple, including industrial design chief Evans Hankey and several other key designers, signaling a notable shift within the company’s leadership.

^{_{CAREER DEVELOPMENT}}
Supercharge your job hunt with Waivly Work Premium

On the search for a new job? Join Waivly Work Premium the jobseeker toolkit that supercharges your job efforts and offers you loads of powerful tools to land your dream job, quickly 🙌 Perks include:

✅ See job listings first and apply before anyone else does

✅ Resources to supercharge your search

✅ High success rate templates for CVs and more

✅ Learn networking strategies

✅ And so much more!

WEB3 SPECIAL

^{_{WEB3 SPECIAL}}
SEC, FBI, DOJ file lawsuits against fraudulent crypto firms

The SEC has charged three crypto firms—Gotbit Consulting, ZM Quant Investment, and CLS Global—and nine individuals with fraud and market manipulation. The suits, filed in Massachusetts on October 9, allege wash trading and other violations to inflate interest in cryptocurrencies like Saitama and Robo Inu.

Gotbit's marketing director, Fedor Kedrov, is accused of manipulating crypto prices, while Vy Pham, organizer of these projects, faces charges for unregistered securities and market manipulation. Four others connected to Pham were also sued. ZM Quant and CLS Global face similar accusations regarding another crypto asset, NexFundAI, which was created by the FBI in a sting operation.

The SEC seeks injunctions, financial penalties, and bans on certain defendants. Meanwhile, the FBI continues to investigate other cryptocurrencies tied to the case, involving 18 individuals and multiple firms.

^{_{WEB3 SPECIAL}}
Thai SEC proposes allowing crypto products in mutual, private funds

Thailand’s Securities and Exchange Commission (SEC) is proposing to allow mutual and private funds to invest in cryptocurrency products, responding to growing interest from institutional investors. Announced on October 9, the proposal permits funds to invest in crypto exchange-traded funds (ETFs) listed on U.S. stock exchanges.

The SEC plans to include “investment tokens” with traditional securities like stocks, reflecting their similar characteristics and risks. Retail mutual funds would be limited to a 15% crypto allocation, while institutional investors would have no cap. The SEC will also revise fund management criteria, focusing on asset custody and information disclosure.

Additionally, the SEC is establishing a Digital Asset Regulatory Sandbox for ten private firms to trial exchanging crypto assets for local currency, which could lead to crypto payments in Thailand, pending Bank of Thailand approval.

SAIL INTO A NEW CAREER

^{_{NEW JOB OPPORTUNITIES}}
Waivly Work Highlights

👩‍💻 Marketing Designer at iLogos Game Studios

👩‍💻 Engineering Team Leader at Remote

👩‍💻 Staff Product Manager at Remote

👩‍💻 Head of Licensing at Duolingo

👩‍💻 Paid Media Strategist at iVisa

👩‍💻 Paid Media Manager at iVisa

👩‍💻 Data Engineer at Status

👩‍💻 Data Engineer at iForte

Discover more job opportunities with the Waivly Work newsletter. Click here to subscribe and elevate your job search! 🚀

THE WAVES

^{_{OTHER NEWS}}
More Stories Surfing The Web

🤝 OpenAI and Hearst strike content licensing partnership

⌚ Fitbit Labs is here with an 'Insight Explorer' test

🏅 Nobel physics prize awarded to 'godfather of AI'

🔍 US considers Google breakup amid antitrust case‎‎‏

‎ 🌟 See today's Waivly+ exclusive story by clicking here!

REFER A FRIEND, EARN REWARDS

^{_{REFER A FRIEND}}
Earn Rewards With Our Referral Program

BACK TO THE SHORE

^{_{THANKS FOR READING}}
That wraps up today’s newsletter

We hope you enjoyed today’s newsletter 🙌 Make sure to follow us on X, TikTok, YouTube, Instagram, and LinkedIn for even more content throughout the day - We’re @Waivly everywhere!‎‎

*Waivly+ is the premium Waivly membership. Join at anytime by clicking “Subscribe” and cancel anytime by heading to your account on Waivly.

*Want to advertise with Waivly? Click here to see our Advertisement packages.