The FTX estate has filed a lawsuit against Binance and former CEO Changpeng Zhao, seeking to recover $1.76 billion, alleging a "fraudulent" 2021 share deal that involved funding from FTX's insolvent Alameda Research. The suit also accuses Zhao of misleading social media posts that allegedly spurred customer withdrawals and contributed to FTX's collapse. CNBC reports: In a Sunday filing with a Delaware court, FTX cites a 2021 transaction in which Binance, Zhao and others exited their investment in FTX, selling a 20% stake in the platform and a 18.4% stake in its U.S.-based entity West Realm Shires back to the company. The FTX estate alleges that the share repurchase was funded by FTX's Alameda Research division through a combination of the company's and Binance's exchange tokens, as well as Binance's dollar-pegged stablecoin.

"Alameda was insolvent at the time of the share repurchase and could not afford to fund the transaction," the suit claims, labeling the deal agreed with FTX co-founder Sam Bankman-Fried -- who's now serving a 25-year sentence over fraud linked to the downfall of his exchange -- a "constructive fraudulent transfer." Binance denies the allegations, saying in an emailed statement, "The claims are meritless, and we will vigorously defend ourselves."

Friday "would have been his 38th birthday," writes the EFF, remembering Aaron Swartz as "a digital rights champion who believed deeply in keeping the internet open..." And they add that today the official web site for Aaron Swartz Day honored his memory with a special podcast "featuring those carrying on the work around issues close to his heart," including an appearance by Brewster Kahle, founder of the Internet Archive.

The first speaker is Ryan Shapiro, FOIA expert and co-founder of the national security transparency non-profit Property of the People. The Aaron Swartz Day site calls him "the researcher who discovered why the FBI had such an interest in Aaron in the years right before the JSTOR fiasco." (That web page calls it an "Al Qaeda phishing expedition that left Aaron with an 'International Terrorism Investigation' code in his FBI database file forever," as reported by Gizmodo.)

Other speakers on the podcast include:

• Nathan Dyer of SecureDrop, Newsroom Support Engineer for the Freedom of the Press Foundation with an update on SecureDrop

• Tracey Jaquith, Founding Coder and TV Architect at the Internet Archive, discussing "Microservices, Monoliths, and Operational Security — The Internet Archive in 2024."

• Tracy Rosenberg, co-founder of the Aaron Swartz Day Police Surveillance Project and Oakland Privacy, with "an update on the latest crop of surveillance battles."

• Ryan Sternlicht, VR developer, educator, researcher, advisor, and maker, on "The Next Layer of Reality: Social Identity and the New Creator Economy."

• Grant Smith Ellis, Chairperson of the Board, MassCann and Legal Intern at the Parabola Center, on "Jury Trials in the Age of Social Media."

• Michael "Mek" Karpeles, Open Library, Internet Archive, on "When it Rains at the Archive, Build an Ark — Book bans, Lawsuits, & Breaches."

The site also seeks to showcase SecureDrop and Open Library, projects started by Aaron before his death, as well as new projects "directly inspired by Aaron and his work."

An anonymous reader quotes a report from 404 Media: If you voted in the U.S. presidential election yesterday in which Donald Trump won comfortably, or a previous election, a website powered by a right-wing group is probably doxing you. VoteRef makes it trivial for anyone to search the name, physical address, age, party affiliation, and whether someone voted that year for people living in most states instantly and for free. This can include ordinary citizens, celebrities, domestic abuse survivors, and many other people. Voting rolls are public records, and ways to more readily access them are not new. But during a time of intense division, political violence, or even the broader threat of data being used to dox or harass anyone, sites like VoteRef turn a vital part of the democratic process -- simply voting -- into a security and privacy threat. [...]

The Voter Reference Foundation, which runs VoteRef, is a right wing organization helmed by a former Trump campaign official, ProPublica previously reported. The goal for that organization was to find irregularities in the number of voters and the number of ballots cast, but state election officials said their findings were "fundamentally incorrect," ProPublica added. In an interview with NPR, the ProPublica reporter said that the Voter Reference Foundation insinuated (falsely) that the 2020 election of Joe Biden was fraudulent in some way. 404 Media has found people on social media using VoteRef's data to spread voting conspiracies too. VoteRef has steadily been adding more states' records to the VoteRef website. At the time of writing, it has records for all states that legally allow publication. Some exceptions include California, Virginia, and Pennsylvania. ProPublica reported that VoteRef removed the Pennsylvania data after being contacted by an attorney for Pennsylvania's Department of State. "Digitizing and aggregating data meaningfully changes the privacy context and the risks to people. Your municipal government storing your marriage certificate and voter information in some basement office filing cabinet is not even remotely the same as a private company digitizing all the data, labeling it, piling it all together, making it searchable," said Justin Sherman, a Duke professor who studies data brokers.

"Policymakers need to get with the times and recognize that data brokers digitizing, aggregating, and selling data based on public records -- which are usually considered 'publicly available information' and exempted from privacy laws -- has fueled decades of stalking and gendered violence, harassment, doxing, and even murder," Sherman said. "Protecting citizens of all political stripes, targets and survivors of gendered violence, public servants who are targets for doxing and death threats, military service members, and everyone in between depends on reframing how we think about public records privacy and the mass aggregation and sale of our data."

An anonymous reader quotes a report from PCMag: Have I Been Pwned has long been one of the most useful ways to learn if your personal information was exposed in a hack. But a new site offers its own powerful tool to help you check if your data has been leaked to cybercriminals. DataBreach.com is the work of a New Jersey company called Atlas Privacy, which helps consumers remove their personal information from data brokers and people search websites. On Wednesday, the company told us it had launched DataBreach.com as an alternative to Have I Been Pwned, which is mainly searchable via the user's email address. DataBreach.com is designed to do that and more. In addition to your email address, the site features an advanced search function to see whether your full name, physical address, phone number, Social Security number, IP address, or username are in Atlas Privacy's extensive library of recorded breaches. More categories will also be added over time.

Atlas Privacy has been offering its paid services to customers, such as police officers and celebrities, to protect bad actors from learning their addresses or phone numbers. In doing so, the company has also amassed over 17.5 billion records from the numerous stolen databases circulating on the internet, including in cybercriminal forums. As a public service, Atlas is now using its growing repository of stolen records to create a breach notification site, free of charge. DataBreach.com builds off Atlas's effort in August to host a site notifying users whether their Social Security number and other personal information were leaked in the National Public Data hack. Importantly, Atlas designed DataBreach.com to prevent it from storing or collecting any sensitive user information typed into the site. Instead, the site will fetch a hash from Atlas' servers, or a fingerprint of the user's personal information -- whether it be an email address, name, or SSN -- and compare it to whatever the user is searching for. "The comparison will be done locally," meaning it'll occur on the user's PC or phone, rather than Atlas's internet server, de Saint Meloir said.

An anonymous reader quotes a report from Reuters: Australia Prime Minister Anthony Albanese said on Thursday the government would legislate for a ban on social media for children under 16, a policy the government says is world-leading. "Social media is doing harm to our kids and I'm calling time on it," Albanese told a news conference. Legislation will be introduced into parliament this year, with the laws coming into effect 12 months after it is ratified by lawmakers, he added. There will be no exemptions for users who have parental consent.

"The onus will be on social media platforms to demonstrate they are taking reasonable steps to prevent access," Albanese said. "The onus won't be on parents or young people." Communications Minister Michelle Rowland said platforms impacted would include Meta Platforms' Instagram and Facebook, as well as Bytedance's TikTok and Elon Musk's X. Alphabet's YouTube would likely also fall within the scope of the legislation, she added.

Intel faces a class-action lawsuit alleging its 13th and 14th generation desktop processors from 2022 and 2023 are defective, causing system instability and frequent crashes. The suit claims that Intel knew of the issue but continued marketing the processors anyway. The Register reports: The plaintiff, Mark Vanvalkenburgh of Orchard Park, New York, purchased an Intel Core i7-13700K from Best Buy in January 2023, according to the complaint [PDF]. "After purchasing the product, Plaintiff learned that the processor was defective, unstable, and crashing at high rates," the complaint claims. "The processor caused issues in his computer, including random screen blackouts and random computer restarts. These issues were not resolved even after he attempted to install a patch issued by Intel for its 13th Generation processors."

The potential class-action lawsuit cites various media reports and social media posts dating back to December 2022 that describe problems with Intel's 13th and 14th generation processors, known as Raptor Lake. These reports document unexplained failures and system instability, as well as a higher-than-expected rate of product returns. "By late 2022 or early 2023, Intel knew of the defect," the complaint says. "Intel's Products undergo pre-release and post-release testing. Through these tests, Intel became aware of the defect in the processors." And because Intel continued making marketing claims touting the speed and performance of its products, with no mention of any defect, the complaint alleges that Intel committed fraud by omission, breached implied warranty, and violated New York General Business Law.

The federal government of Canada has ordered TikTok to shut down its operations in the country, citing national security concerns. However, Canadians will still be able to access the app and use it to create content. "The decision to use a social media application or platform is a personal choice," said Innovation Minister Francois-Philippe Champagne.

"We came to the conclusion that these activities that were conducted in Canada by TikTok and their offices would be injurious to national security. I'm not at liberty to go into much detail, but I know Canadians would understand when you're saying the government of Canada is taking measures to protect national security, that's serious." CBC News reports: Champagne urged Canadians to use TikTok "with eyes wide open." Critics have claimed that TikTok users' data could be obtained by the Chinese government. "Obviously, parents and anyone who wants to use social platform should be mindful of the risk," he said. The decision was made in accordance with the Investment Canada Act, which allows for the review of foreign investments that may harm Canada's national security.

Former CSIS director David Vigneault told CBC News it's "very clear" from the app's design that data gleaned from its users "is available to the government of China" and its large-scale data harvesting goals. "Most people can say, 'Why is it a big deal for a teenager now to have their data [on TikTok]?' Well in five years, in 10 years, that teenager will be a young adult, will be engaged in different activities around the world," he said at the time. "As an individual, I would say that I would absolutely not recommend someone have TikTok."

An anonymous reader quotes a report from The Guardian: The US supreme court grappled on Wednesday with a bid by Meta's Facebook to scuttle a federal securities fraud lawsuit brought by shareholders who accused the social media platform of misleading them about the misuse of user data. The justices heard arguments in Facebook's appeal of a lower court's decision allowing the 2018 class action suit led by Amalgamated Bank to proceed. The suit seeks unspecified monetary damages in part to recoup the lost value of the Facebook stock held by the investors. It is one of two cases coming before them this month -- the other one involving artificial intelligence chipmaker Nvidia on 13 November -- that could lead to rulings making it harder for private litigants to hold companies to account for alleged securities fraud.

At issue is whether Facebook broke the law when it failed to detail the prior data breach in subsequent business-risk disclosures, and instead portrayed the risk of such incidents as purely hypothetical. Facebook argued in a supreme court brief that it was not required to reveal that its warned-of risk had already materialized because "a reasonable investor" would understand risk disclosures to be forward-looking statements. "When we think about these questions, we're not looking only to lies or complete false statements," the liberal justice Elena Kagan told Kannon Shanmugam, the lawyer for Facebook. "We're also looking to misleading statements or misleading omissions." The conservative justice Samuel Alito asked Shanmugam: "Isn't it the case that an evaluation of risks is always forward-looking?" "It is. And that is essentially what underlies our argument here," Shanmugam responded.

The plaintiffs accused Facebook of misleading investors in violation of the Securities Exchange Act, a 1934 federal law that requires publicly traded companies to disclose their business risks. They claimed the company unlawfully withheld information from investors about a 2015 data breach involving British political consulting firm Cambridge Analytica that affected more than 30 million Facebook users. Edward Davila, a US district judge, dismissed the lawsuit but the San Francisco-based ninth US circuit court of appeals revived it. The supreme court's ruling is expected by the end of June.

Cybercriminals have breached dozens of major companies including AT&T, Ticketmaster and Hot Topic by exploiting "infostealer" malware that harvests login credentials from infected computers, an investigation has found. The malware, spread through pirated software and social media, has infected 250,000 new devices daily, according to cybersecurity firm Recorded Future. Russian developers create the malware while contractors distribute it globally, deliberately avoiding former Soviet states. Hot Topic suffered potentially the largest retail hack ever in October when attackers accessed 350 million customer records using stolen developer credentials. Google and Microsoft are racing to patch vulnerabilities, but malware makers quickly adapt to new security measures.

An anonymous Slashdot reader shared this report from CNBC: Threads now has nearly 275 million monthly users, CEO Mark Zuckerberg said Wednesday. "We continue to be on track towards this becoming our next major social app," Zuckerberg said on a call with analysts, adding that he was "quite pleased" with the trajectory of the app.

The latest numbers indicate Threads is up 175% from a year ago when it reached 100 million users... The app is now signing up more than 1 million users per day, Zuckerberg also said on Wednesday. X remains ahead of Threads in terms of users, but not by much. Musk's social media app now has roughly 318 million monthly users, according to an estimate by market intelligence firm Sensor Tower. That's down 24% since Musk completed his acquisition of the company in October 2022, according to Sensor Tower.
The news also drew a reaction from ActivityPub/Activity Streams 2.0 co-author Evan Prodromou, who pointed out that the 275 million monthly active users is up from the 200 million reported just 13 weeks ago at the end of July.

"And most of them have access to the Fediverse. With more, hopefully, getting access soon."

Former Google chief Eric Schmidt thinks the US Army should expunge "useless" tanks and replace them with AI-powered drones instead. From a report: Speaking at the Future Investment Initiative in Saudi Arabia this week, he said: "I read somewhere that the US had thousands and thousands of tanks stored somewhere," adding, "Give them away. Buy a drone instead."

The former Google supremo's argument is that recent conflicts, such as the war in Ukraine, have demonstrated how "a $5,000 drone can destroy a $5 million tank." In fact, even cheaper drones, similar to those commercially available for consumers, have been shown in footage on social media dropping grenades through the open turret hatch of tanks. Schmidt, who was CEO of Google from 2001 to 2011, then executive chairman to 2015, and executive chairman of Alphabet to 2018, founded White Stork with the aim of supporting Ukraine's war effort. It hopes to achieve this by developing a low-cost drone that can use AI to acquire its target rather than being guided by an operator and can function in environments where GPS jamming is in operation.

Notably, Schmidt also served as chair of the US government's National Security Commission on Artificial Intelligence (NSCAI), which advised the President and Congress about national security and defense issues with regard to AI. "The cost of autonomy is falling so quickly that the drone war, which is the future of conflict, will get rid of eventually tanks, artillery, mortars," Schmidt predicted.

An anonymous reader quotes a report from SFGATE: If you've recently been laid off and have started the arduous process of looking for a new job, you've probably seen them on networking platforms like LinkedIn: postings for roles that are 30 days old, maybe more, with suspiciously wide salary ranges. They usually have hundreds, or even thousands, of hopeful applicants vying for the same position, but if you do a quick cross-check and notice that the role isn't posted on the company's actual website -- or any of their social media pages -- you should probably stop drafting that cover letter, because it's possible they're not hiring at all. "Ghost jobs," or ads for positions that aren't actually open, are a common phenomenon in the tech industry, which has been plagued by layoffs and budget cuts over recent years. As unemployed workers struggle to regain their footing, recruiters and career coaches who spoke with SFGATE warned that these fake jobs posted by real companies serve multiple, sometimes insidious purposes.

According to a 2024 survey from MyPerfectResume, 81% of recruiters admitted to posting ads for positions that were fake or already filled. While some respondents said employers did it to maintain a presence on job boards and build a talent pool, it's also used to commit psychological warfare: 25% said ghost jobs helped companies gauge how replaceable their employees were, while 23% said it helped make the company appear more stable during a hiring freeze. Another damning 2024 report from Resume Builder said that 62% companies posted them specifically to make their employees feel replaceable. They also made ads to "trick overworked employees" into believing that more people would be brought on to alleviate their overwhelming workload.

After interviewing 1,641 hiring managers, Resume Builder researchers found that 40% of employers posted fake job listings in 2024, and that three in 10 currently had ghost jobs listed. The idea to post them mostly trickled down from HR, followed by senior management and executives, their June 2024 article continued. Though the listings were posted on multiple hiring platforms, the majority of them appeared on LinkedIn and the companies' websites. Evidence suggests this trend is taking hold throughout the Bay Area, too. A collaborative document circulating online reveals a growing list of employers accused of posting ghost jobs. Many of them, it turns out, are tech companies with offices based in California.

An anonymous reader quotes a report from Engadget: Last month at Meta Connect, Mark Zuckerberg said that Meta AI was "on track" to become the most-used generative AI assistant in the world. The company has now passed a significant milestone toward that goal, with Meta AI passing the 500 million user mark, Zuckerberg revealed during the company's latest earnings call. The half billion user mark comes just barely a year after the social network first launched its AI assistant last fall. Zuckerberg said the company still expects to become the "most-used" assistant by the end of 2024, though he's never specified how the company is measuring that metric. Zuck said that AI-driven improvements in feed and video recommendations have led to an 8% increase in time spent on Facebook and 5% increase on Instagram this year. Advertisers have also leveraged the company's AI tools to generate over 15 million ads in just the past month.

Separately, Meta's Threads app is gaining over a million new sign-ups daily, with nearly 275 million total monthly users.

First we had friends. Then we had influencers. And if Mark Zuckerberg is correct, the next big thing in our social media feeds will be AI generated content. Lots of it. Fortune: Zuckerberg described our future feeds during Facebook-parent company Meta's third quarter earnings conference call on Wednesday, describing it as a natural evolution. "I think were going to add a whole new category of content which is AI generated or AI summarized content, or existing content pulled together by AI in some way," the Meta CEO said. "And I think that that's gonna be very exciting for Facebook and Instagram and maybe Threads, or other kinds of feed experiences over time."

Zuckerberg touted the company's Llama large language model and the success of products it powers, such as the Meta AI chatbot that is now used by more than 500 million users every month. But Llama will increasingly play a role across Meta's business, Zuckerberg said, including tools for business customers and advertisers. As AI tools become more widespread, AI content will proliferate within social media feeds. Such feeds are actively being worked on inside Meta, Zuckerberg noted. "It's something we're starting to test different things around." "I don't know if we know what's exactly going to work really well yet, but some things are really promising," he added. "I have high confidence that over the next several years, this will be one of the important trends and one of the important applications."

Simon Sharwood, reporting for The Register: Organisers of WordCamps, community-organized events for WordPress users, have been ordered to take down some social media posts and share their login credentials for social networks. The order to share creds came from an employee of Automattic, the WordPress host whose CEO happens to be Matt Mullenweg, co-creator of WordPress.

A letter sent to WordCamp organizers explains that the creds are needed due to "recurrent issues with new organizing teams losing access to the event's social media accounts." So far, so sensible. But the requirement to share creds comes in the middle of a nasty spat in the WordPress community, sparked by Mullenweg's efforts to have rival hosting biz WP Engine license the WordPress trademark or devote more staff to working on the open source content management system's code.

In Reddit's third-quarter earnings results, the company reported a profit of $29.9 million, with $348.4 million in revenue -- a 68% increase year over year. The Verge reports: The company hasn't been profitable at any point in its nearly 20-year history. Since going public, Reddit lost $575 million during its first quarter on the market, but it decreased that loss to $10 million last quarter, and is now finally in the green. Reddit also grew to 97.2 million daily users over the past few months, marking a 47 percent increase from the same time last year. That number exceeded 100 million users on some days during the quarter, Reddit says.

Reddit's advertising revenue grew to $315.1 million, while "other" revenue reached $33.2 million on account of "data licensing agreements signed earlier this year." Both Google and OpenAI have cut deals with Reddit to train their AI models on its posts.

The BBC interviewed scientists Charley Kline and Bill Duvall 55 years after the first communications were made over a system called Arpanet, short for the Advanced Research Projects Agency Network. "Kline and Duvall were early inventors of networking, networks that would ultimately lead to what is today the Internet," writes longtime Slashdot reader dbialac. "Duvall had basic ideas what might come of the networks, but they had no idea of how much of a phenomenon it would turn into." Here's an excerpt from the interview: BBC: What did you expect Arpanet to become?
Duvall: "I saw the work we were doing at SRI as a critical part of a larger vision, that of information workers connected to each other and sharing problems, observations, documents and solutions. What we did not see was the commercial adoption nor did we anticipate the phenomenon of social media and the associated disinformation plague. Although, it should be noted, that in [SRI computer scientist] Douglas Engelbart's 1962 treatise describing the overall vision, he notes that the capabilities we were creating would trigger profound change in our society, and it would be necessary to simultaneously use and adapt the tools we were creating to address the problems which would arise from their use in society."

What aspects of the internet today remind you of Arpanet?
Duvall: Referring to the larger vision which was being created in Engelbart's group (the mouse, full screen editing, links, etc.), the internet today is a logical evolution of those ideas enhanced, of course, by the contributions of many bright and innovative people and organisations.

Kline: The ability to use resources from others. That's what we do when we use a website. We are using the facilities of the website and its programs, features, etc. And, of course, email. The Arpanet pretty much created the concept of routing and multiple paths from one site to another. That got reliability in case a communication line failed. It also allowed increases in communication speeds by using multiple paths simultaneously. Those concepts have carried over to the internet. Today, the site of the first internet transmission at UCLA's Boetler Hally Room 3420 functions as a monument to technology history (Credit: Courtesy of UCLA) As we developed the communications protocols for the Arpanet, we discovered problems, redesigned and improved the protocols and learned many lessons that carried over to the Internet. TCP/IP [the basic standard for internet connection] was developed both to interconnect networks, in particular the Arpanet with other networks, and also to improve performance, reliability and more.

How do you feel about this anniversary?
Kline: That's a mix. Personally, I feel it is important, but a little overblown. The Arpanet and what sprang from it are very important. This particular anniversary to me is just one of many events. I find somewhat more important than this particular anniversary were the decisions by Arpa to build the Network and continue to support its development.

Duvall: It's nice to remember the origin of something like the internet, but the most important thing is the enormous amount of work that has been done since that time to turn it into what is a major part of societies worldwide.

An anonymous reader quotes a report from TechCrunch: LinkedIn, the social platform used by professionals to connect with others in their field, hunt for jobs, and develop skills, is taking the wraps off its latest effort to build artificial intelligence tools for users. Hiring Assistant is a new product designed to take on a wide array of recruitment tasks, from ingesting scrappy notes and thoughts to turn into longer job descriptions, through to sourcing candidates and engaging with them. LinkedIn is describing Hiring Assistant as a milestone in its AI trajectory: it is, per the Microsoft-owned company, its first "AI agent" And one that happens to be targeting one of LinkedIn's most lucrative categories of users (recruiters).

LinkedIn said the AI assistant is now live with a "select group" of customers (large enterprises such as AMD, Canva, Siemens and Zurich Insurance among them). It's slated to be rolling out more widely in the coming months. [...] "It's designed to take on a recruiter's most repetitive task so they can spend more time on the most impactful part of their jobs," Hari Srinivasan, LinkedIn's VP of product, said in an interview -- "a big statement," he admitted. The product includes the ability to upload full job descriptions, or just note what you want it to have, along with job postings that you like the look of from other companies or roles. In turn, that becomes a list of qualifications you're looking for, as well as an initial pipeline of candidates that you can interact with -- to look for more potential hires that are similar to some, or less like others -- with algorithms designed to search based on skills rather than other indicators (such as where a person lives or went to school), per Srinivasan.

The AI assistant also integrates with third-party application tracking systems, although ultimately, the whole system is trained on LinkedIn data, which spans 1 billion users, 68 million companies and 41,000 skills. LinkedIn said Hiring Assistant is due to get more features soon, such as messaging and scheduling support for interviews, as well as handle follow-ups when candidates have questions before or after interviews. Basically the aim is for it to cover a lot of (time-consuming) admin-style tasks, plus take on some of the thinking, that recruiters have to do daily. Second, unlike many of the other AI features that LinkedIn has released, Hiring Assistant is very squarely aimed at LinkedIn's B2B business, the products it sells to the recruitment industry. "We're really focused on making Hiring Assistant great," said Erran Berger, VP of engineering, in an interview. "This is all bleeding edge, and I mean everything from the experience and how our users are going to interact with it, to the technology that backs it. And so we're really focused on nailing that a lot of the technology we've built is applicable to problems that we're trying to solve for our members and customers. But right now, you know, we really just want to nail this, and then we can figure out where we go from there."

French newspaper Le Monde found that the fitness app Strava can easily track confidential movements of foreign leaders, including U.S. President Joe Biden, and presidential rivals Donald Trump and Kamala Harris. The Independent reports: Le Monde found that some U.S. Secret Service agents use the Strava fitness app, including in recent weeks after two assassination attempts on Trump, in a video investigation released in French and in English. Strava is a fitness tracking app primarily used by runners and cyclists to record their activities and share their workouts with a community. Le Monde also found Strava users among the security staff for French President Emmanuel Macron and Russian President Vladimir Putin. In one example, Le Monde traced the Strava movements of Macron's bodyguards to determine that the French leader spent a weekend in the Normandy seaside resort of Honfleur in 2021. The trip was meant to be private and wasn't listed on the president's official agenda.

Le Monde said the whereabouts of Melania Trump and Jill Biden could also be pinpointed by tracking their bodyguards' Strava profiles. In a statement to Le Monde, the U.S. Secret Service said its staff aren't allowed to use personal electronic devices while on duty during protective assignments but "we do not prohibit an employee's personal use of social media off-duty." "Affected personnel has been notified," it said. "We will review this information to determine if any additional training or guidance is required." "We do not assess that there were any impacts to protective operations or threats to any protectees," it added. Locations "are regularly disclosed as part of public schedule releases."

In another example, Le Monde reported that a U.S. Secret Service agent's Strava profile revealed the location of a hotel where Biden subsequently stayed in San Francisco for high-stakes talks with Chinese President Xi Jinping in 2023. A few hours before Biden's arrival, the agent went jogging from the hotel, using Strava which traced his route, the newspaper found. The newspaper's journalists say they identified 26 U.S. agents, 12 members of the French GSPR, the Security Group of the Presidency of the Republic, and six members of the Russian FSO, or Federal Protection Service, all of them in charge of presidential security, who had public accounts on Strava and were therefore communicating their movements online, including during professional trips. Le Monde did not identify the bodyguards by name for security reasons.

JPMorgan Chase is suing customers who exploited an ATM glitch that allowed them to withdraw funds before a check bounced. CNBC reports: The bank on Monday filed lawsuits in at least three federal courts, taking aim at some of the people who withdrew the highest amounts in the so-called infinite money glitch that went viral on TikTok and other social media platforms in late August. [...] JPMorgan, the biggest U.S. bank by assets, is investigating thousands of possible cases related to the "infinite money glitch," though it hasn't disclosed the scope of associated losses. Despite the waning use of paper checks as digital forms of payment gain popularity, they're still a major avenue for fraud, resulting in $26.6 billion in losses globally last year, according to Nasdaq's Global Financial Crime Report.

The infinite money glitch episode highlights the risk that social media can amplify vulnerabilities discovered at a financial institution. Videos began circulating in late August showing people celebrating the withdrawal of wads of cash from Chase ATMs shortly after bad checks were deposited. Normally, banks only make available a fraction of the value of a check until it clears, which takes several days. JPMorgan says it closed the loophole a few days after it was discovered.

The lawsuits are likely to be just the start of a wave of litigation meant to force customers to repay their debts and signal broadly that the bank won't tolerate fraud, according to the people familiar. JPMorgan prioritized cases with large dollar amounts and indications of possible ties to criminal groups, they said. The civil cases are separate from potential criminal investigations; JPMorgan says it has also referred cases to law enforcement officials across the country. "Fraud is a crime that impacts everyone and undermines trust in the banking system," JPMorgan spokesman Drew Pusateri said in a statement to CNBC. "We're pursuing these cases and actively cooperating with law enforcement to make sure if someone is committing fraud against Chase and its customers, they're held accountable."