Marlon Ferro, a 20-year-old from California, was sentenced to more than six years in prison for helping steal over $250 million in cryptocurrency through hacking, scams, and home break-ins. US prosecutors said the group targeted wealthy crypto holders, stole hardware wallets, and spent the stolen money on luxury goods, travel, and nightclub parties.
AnaisAlphabet briefly overtook Nvidia in market value during trading as strong AI-driven gains pushed it close to the top of global tech rankings, before slipping back below Nvidia by the end of the week.
WeatherlySam Altman said younger people are using ChatGPT far more deeply than older users, with many students treating it like a daily operating system for studying, organising tasks and making decisions. The growing reliance on AI for personal advice and life choices is also raising concerns among experts about trust, accuracy and overdependence.
AnaisHundreds over OpenAI employees sold about $6.6 billion worth of shares, turning years of stock into cash for the first time. The sale came as OpenAI’s valuation moved between $400 billion and $500 billion, with the company preparing for a possible IPO and expanding its business.
WeatherlyCrypto.com’s UAE unit has received a Stored Value Facilities licence from the Central Bank of the UAE, making it the first crypto firm in the country to reach this level of approval for regulated payment services. The licence allows crypto-based payments for Dubai government fees through Crypto.com’s system, with all transactions settled in UAE dirhams or approved stablecoins under central bank rules.
AnaisOpenAI launched a new AI deployment company backed by more than $4 billion to help businesses integrate AI into daily operations. It is also acquiring Tomoro to bring in around 150 AI engineers and deployment specialists.
WeatherlyA crypto trader known as Unihax0r lost over $200,000 after two of his wallets were drained across Ethereum, Base, and BSC in a fast multi-chain attack on 11 May 2026. Investigators believe the issue came from a private key leak linked to a Telegram trading bot called SIGMA, which may have exposed the wallets to the attacker.
AnaisBinance said its AI security systems blocked more than $10.5 billion in potential crypto scam losses and stopped 22.9 million phishing attacks between early 2025 and the first quarter of 2026. The exchange warned that AI-powered fraud, including deepfakes and voice cloning, is growing rapidly as cybercriminals use cheaper and more advanced tools to target crypto users.
WeatherlySouth Korea’s presidential policy chief Kim Yong-beom suggested using extra tax money from the AI and chip boom to pay a “national dividend” to all citizens. The idea has triggered debate as Samsung and SK Hynix face rising pressure from workers demanding a bigger share of profits, while markets reacted with sharp swings.
AnaisSanta Clara County in California has sued Meta, accusing it of earning up to $7 billion a year from scam ads on Facebook and Instagram. It claims Meta failed to properly stop fraudulent ads and may have prioritised revenue, while Meta denies the allegations.
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