sec - CybAI news

20 Oct

The FBI arrested an Alabama man for allegedly helping hack the SEC’s X account

stp2y0 CommentsNewsbitcoin, gear, news, sec, X Corp

A 25-year-old Alabama man has been arrested by the FBI for his alleged role in the takeover of the Securities and Exchange Commission's X account earlier this year. The hack resulted in a that falsely claimed bitcoin ETFs had been approved by the regulator, which temporarily juiced bitcoin prices.Now, the FBI has identified Eric Council Jr. as one of the people allegedly behind the exploit. Council was charged with conspiracy to commit aggravated identity theft and access device fraud, the Justice Department. While the SEC had previously confirmed that its X account was compromised via a attack, the indictment offers…

05 Oct

Fisker faces more bad news as the SEC starts investigating its business practices

stp2y0 CommentsNewsbankruptcy, cars, ev, fisker, gear, investigation, news, ocean, sec, securities and exchange commission

The past week hasn’t been the kindest to the electric vehicle industry. Now, it’s capped off with news that the EV startup Fisker is the subject of an investigation from the US Securities and Exchange Commission (SEC). reported that SEC officials sent several subpoenas to Fisker. The filing doesn’t specifically say what the subpoenas are asking for or looking into but it’s clear that the SEC has launched an investigation into the floundering EV maker that .Fisker has been struggling to keep its head above water ever since last year’s disastrous rollout of its Ocean SUV that failed to score…

26 Aug

‘Should Art Be Regulated by the SEC?’: NFT Artists’ New Lawsuit Seeks Answers

stp2y0 CommentsRAG modelsart, blockchain, cryptocurrency, lawsuit, sec

The essence of the case, Frye adds, is about NFT art writ large and “using NFTs the way most people are—to sell them.” The point is to get SEC regulators to have a “long, hard think” about what’s in their purview, he says.Security vs. ArtIn 1946, a US Supreme Court ruling about the Howey Company, which sold citrus groves to buyers who shared in their profits, cemented the test for determining what a security is. The “Howey Test” defines securities as “an investment of money in a common enterprise with the expectation of profits from the efforts of others.”In other…

13 Jul

OpenAI whistleblowers call for SEC probe into NDAs that kept employees from speaking out on safety risks

stp2y0 CommentsNewsgear, news, openai, sec

OpenAI’s NDAs are once again under scrutiny after whistleblowers penned a letter to the SEC alleging that employees were made to sign “illegally restrictive” agreements preventing them from speaking out on the potential harms of the company’s technology. The letter, which was obtained and published online by , accuses OpenAI of violating SEC rules meant to protect employees’ rights to report their concerns to federal authorities and prevent retaliation. It follows an official complaint that was filed with the SEC in June.In the letter, the whistleblowers ask the SEC to “take swift and aggressive steps” to enforce the rules they…