The U.S. Treasury has proposed cutting off Cambodia’s Huione Group from the American banking system due to its role in laundering billions linked to cybercrime, including funds tied to North Korea’s Lazarus Group. Authorities say Huione helped move stolen money through scams and crypto platforms, making it a key player in global online fraud.
WeatherlyA U.S. court has ruled that Apple must allow apps to include links to external payment methods, ending its 30% commission model. This decision, which benefits developers and users, comes after a legal battle with Epic Games and could reshape digital commerce on mobile.
WeatherlyThe US Treasury has sanctioned the Karen National Army (KNA) and its leaders for running crypto fraud and human trafficking networks linked to billions in losses. Authorities say KNA territory hosted "pig butchering" scams that forced trafficked individuals to defraud victims.
CatherineOpenAI has scrapped its for-profit conversion plans and will stay under nonprofit control, restructuring its for-profit arm as a public benefit corporation with uncapped investor returns.
KikyoThe Gates Foundation has opened its 12th office in Singapore to boost health, fintech, and AI innovations across Southeast Asia. This expansion aligns with its mission to support global health progress and the United Nations’ Sustainable Development Goals.
WeatherlyA Kenyan court has ordered Worldcoin to delete biometric data it collected illegally from citizens. The company failed to get proper consent and broke local data protection laws.
AnaisNetflix is developing an eight-episode FTX biopic focused on Sam Bankman-Fried and Caroline Ellison, with the Obamas’ Higher Ground producing and Oscar-winner Graham Moore writing. Julia Garner is in talks to play Ellison, with Evan Peters eyed for SBF.
CatherinePinterest is launching AI tools that let users search fashion by tapping images, with filters for color, style, and occasion. Starting with women’s fashion, the platform will also label AI-generated content and let users limit its visibility.
KikyoSkype has officially shut down after 22 years, with Microsoft now focusing fully on Teams. The decision came as Skype lost users and relevance, while other apps like Zoom and WhatsApp grew in popularity.
JoyChangpeng Zhao, founder of Binance, served four months in a US prison after pleading guilty to money laundering charges. He described it as a tough and frightening time, with no special treatment and lasting lessons about justice, health, and family.
Anais