Santa 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.
WeatherlyA fake OpenAI repository on Hugging Face spread malware that stole crypto wallets, browser data, and developer credentials from Windows users. The fake project briefly became the platform’s top trending repo and reportedly reached around 244,000 downloads before it was removed.
WeatherlyGoogle is in talks with SpaceX to secure rocket launches for its planned space-based data centres, as both companies explore orbital computing. The potential deal could strengthen SpaceX ahead of its expected IPO while placing the two firms as both partners and future competitors in the same market.
AnaisJapan Blockchain Foundation plans to launch a yen-backed stablecoin called EJPY on Japan Open Chain and Ethereum for business payments, remittances and digital asset settlements. The project uses a trust-based structure without Japan’s 1 million yen transfer cap, as more Japanese firms and banks push into stablecoins.
WeatherlyMeta Platforms is offering rival AI chatbots one month of free access to WhatsApp in Europe to address antitrust concerns raised by the European Commission. The move aims to avoid a potential fine of up to 10% of its global revenue while both sides try to reach a quick agreement.
AnaisAn X user said they recovered about 5 Bitcoin worth nearly $400,000 after being locked out of an old wallet for years, with help from Claude AI.
AnaisLegend, a mobile DeFi app backed by Andreessen Horowitz and Coinbase Ventures, will shut down on 12 July after failing to reach enough users to stay viable despite raising $15 million.
AnaisElon Musk travelled to China with Donald Trump while still being on recall status in a US court case against OpenAI. The judge did not stop him from leaving, but he may still need to return quickly if called back to testify before the trial ends.
WeatherlyThe US Department of Justice has launched a compensation process for victims of the AirBit Club crypto scam, which falsely promised guaranteed daily returns from mining and trading. More than $400 million in seized assets will be used to repay eligible investors after several founders and promoters were convicted and jailed for running the fraud.
AnaisBithumb has launched a new anti-phishing campaign after a rise in AI-powered crypto scams using fake voices and video calls to trick investors into handing over funds and passwords.
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