Bloomberg anchor bitcoin robbery in the philippines

She received a Ph. Her current research focuses on India-China-Russia Trilateral Cooperation and the Chinese strategic response to the post-cold Patrick Ache is a business advisor originally from West Africa, with over 10 years experience as a lawyer facilitating cross-border investment in East Africa and Francophone Central and West Africa Patrick Ache is a business advisor originally from West Africa, with over 10 years experience as a lawyer facilitating cross-border investment in East Africa and Francophone Central and West Africa.



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A short visual history of Bitcoin bubbles


It was portrayed as a sensational supply chain hack: China subverted motherboards made by San Jose, California-based Supermicro, installing spying chips the size of rice grains and opening a door to remote espionage.

But Bloomberg Businessweek's story , which ran on Oct. Technical experts said the story didn't ring true. Apple and Amazon issued unusually stern rebuttals after Bloomberg said the companies independently found the spying chips. And the U. In a follow-up report published Friday, Bloomberg stands by its original report and attempts to bolster its foundation.

The follow-up report repeats Bloomberg's unconvincing assertion, adds mushy new sourcing and recounts peripheral incidents in an attempt to shift the focus from its unproven contention. Bloomberg acknowledges the fierce pushback against the first story. Amazon, Apple and Supermicro called for a retraction.

Then, the follow-up report very passively hints at fault in the first report, saying that "with additional reporting, it's now clear that the [Bloomberg] Businessweek report only captured part of a larger chain of events in which U. In its latest report, Bloomberg shifts the focus away from the chip and attempts to demonstrate through other events that U.

That may indeed be true. But the follow-up is an inadequate and insincere way to deal with what has been a reputational disaster for Bloomberg. It might have made things worse. Bloomberg uses various peripheral incidents to round out its new theme.

It reports that in , Intel pinned a minor security incident - which was related to a firmware update that came from Supermicro's website - on China. Another part of the story addresses a situation in which the Pentagon allegedly noticed Supermicro servers mapping network information about unclassified networks and sending it to China. Bloomberg reports that U. The rogue code was contained in the machine's BIOS code.

The government, however, continued to procure Supermicro equipment, but apparently for only unclassified networks, the news service reports. The BIOS finding allegedly inspired investigators to try to find other examples of possible manipulation of Supermicro's products. The FBI gained FISA warrants in to monitor people connected to Supermicro, which led to the alleged discovery of the much-contested malicious chips, Bloomberg reports. The new Bloomberg report provides a load of unnamed sources and three named sources who say they were briefed on this development between and Crucially, however, Bloomberg writes that "no customer has acknowledged finding malicious chips on Supermicro motherboards," with executives apparently complaining that they were not provided with enough details on how to find the chips.

So what's going on here? Bloomberg has rightly triangulated on something related to Supermicro's supply chain integrity. But none of the new reporting adds strength to the chip allegation - nor is it particularly relevant. Kumar says he was briefed about the chips. Janke says he knows of two companies who were briefed and were later involved in an FBI investigation. And Quinn says officials with the U. Air Force briefed him when he worked for a supplier.

There's no reason to believe these people would stick their necks out if they believed what they are saying isn't true. But their information could be inaccurate, based on speculation or a ham-fisted interpretation of unclear intercepts obtained through those old FISA warrants. We just don't know. These sources are not insiders but passive recipients of the same information, or possibly misinformation, that may have been floating around at the time.

But it's too big of a story for questionable sourcing, tweets Matt Tait, a senior cybersecurity fellow at the Robert S. This story is too big, and the refutations too blunt and too numerous to support on this level of third- and fourth-hand sourcing. If they have documents: go for it. Otherwise, this story should not have run.

In a spirited rebuttal , Supermicro says the latest story "is a mishmash of disparate and inaccurate allegations that date back many years. Nor have we been informed by any customer or government agency that such chips have ever been found.

More than two years on, it's dangerous for Bloomberg to stick with its story without having the actual chip. Also, if Supermicro's products posed such a persistent threat from an information theft perspective, why hasn't the U. And if this was an uber-secret hack, it surely would have become a talking point in President Donald Trump's contentious trade talks with China over the past four years. Bloomberg reporter Michael Riley is a co-author of the first report and the follow-up.

He tweeted this on Oct. Although details have been very tightly held, there is physical evidence out there in the world. Now that details are out, it will be hard to keep more from emerging.

Perhaps tellingly, Riley hasn't tweeted since then. After more than two years, Bloomberg apparently hasn't been able to find the physical evidence. Kirk is a veteran journalist who has reported from more than a dozen countries. Further back, he covered military affairs from Seoul, South Korea, and general assignment news for his hometown paper in Illinois. Sign in now. Need help registering? Contact support. Contact Support. Create an ISMG account now. Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website.

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2021: The year in pictures

Last week, as a GOP-sponsored bill banning critical race theory in Florida schools and workplaces worked its way through the Florida House, Ramon Alexander spoke out, delivering an emotional speech about the toll of debating this legislation as a Black Am. The South Carolina Senate debate on medical marijuana is going into another week. The chamber debated Sen. Tom Davis' bill Wednesday and Thursday before adjourning without a vote. The Republican from Beaufort says there will be more debate when the Se. Arizona State Senator Wendy Rogers has issued a proposal, hoping to allow Arizona the power to make Bitcoin a legal tender in the state. Now that you're working from home, you might be wondering which home-office deductions you can legally claim on your tax returns.

Bloomberg reporter Michael Riley is a co-author of the first report and the follow-up. He tweeted this on Oct. 6, , two days after the.

US Top Headlines

International governments are taking action, airlines are canceling flights, and infectious cases keep increasing. Since then, the large number of infected cases has grown to spread around the world, causing fatalities on a scale unprecedented this century, until the World Health Organization WHO declared the novel virus a global pandemic. Read the latest WHO report here. The European Commission laid out its collective vision for recovery funds after the coronavirus pandemic has passed — and it's worth 2. The plan will rely both on the long-term EU budget from to and a special recovery fund, reports Euronews. To protect lives and livelihoods, repair the Single Market, as well as to build a lasting and prosperous recovery, the European Commission is proposing to harness the full potential of the EU budget. In under four months, the U. It has 1.


A Microsoft employee was caught running a massive Xbox gift card scam

bloomberg anchor bitcoin robbery in the philippines

It was portrayed as a sensational supply chain hack: China subverted motherboards made by San Jose, California-based Supermicro, installing spying chips the size of rice grains and opening a door to remote espionage. But Bloomberg Businessweek's story , which ran on Oct. Technical experts said the story didn't ring true. Apple and Amazon issued unusually stern rebuttals after Bloomberg said the companies independently found the spying chips. And the U.

Dubai: Quick-footed police have recovered Dh7 million stolen by a gang who deceived two brothers who wanted to buy Bitcoin and set a trap for them in an office at Al Al Muraqabbat area. Dubai police said on Saturday that the two Asian brothers wanted to buy Dh7 million worth of Bitcoins and the gang lured them to the office and assaulted them before stealing the cash and escaping.

Campbell R. Harvey Media Coverage

Millions of leaked documents and the biggest journalism partnership in history have uncovered financial secrets of 35 current and former world leaders, more than politicians and public officials in 91 countries and territories, and a global lineup of fugitives, con artists and murderers. The leaked records reveal that many of the power players who could help bring an end to the offshore system instead benefit from it — stashing assets in covert companies and trusts while their governments do little to slow a global stream of illicit money that enriches criminals and impoverishes nations. The secret records are known as the Pandora Papers. The International Consortium of Investigative Journalists obtained the trove of more than The leaked records come from 14 offshore services firms from around the world that set up shell companies and other offshore nooks for clients often seeking to keep their financial activities in the shadows. The records include information about the dealings of nearly three times as many current and former country leaders as any previous leak of documents from offshore havens.


IN COLLECTIONS

A junior engineer at Microsoft was secretly siphoning millions of dollars from the Xbox ecosystem using illicitly-created gift cards, according to a report from Bloomberg published Thursday. Kvashuk committed the theft right under Microsoft's nose, using test accounts as part of the company's ecommerce team to generate thousands of pages of genuine Xbox gift card codes for varying values of real-world dollars. He then turned around and sold those codes, at a steep discount, to eager buyers on the website Paxful, who presumably turned around and resold those codes at a markup. The trick was that Microsoft's internal system for testing gift card purchases spat out real codes, instead of fake ones, which gave Kvashuk the bright idea to funnel those codes through the online market. Kvashuk was rewarded with millions in bitcoin, which he used to purchase lavish gifts for himself and his girlfriend, including a red Tesla and a multimillion-dollar home, with plans to spend his other millions on a yacht and a seaplane.

Eighty names match to an organized crime intelligence database. Leaked documents examined by the ABC "pierced the veil of anonymous shell companies" and linked.

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Previous Winners - The OPC Foundation keeps in touch with its scholarship winners and encourages their careers. The following is an update on where our past winners are today.


Toward a Global Norm Against Manipulating the Integrity of Financial Data

RELATED VIDEO: EXCLUSIVE - PAGWASAK NG MGA KUBOL SA LOOB NG BILIBID

We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used. Make the most of Lead your own way in business and beyond with our unrivalled journalism. Dan McCrum. January 30 it was mid-afternoon on a grey Wednesday in London when a dozen or so anonymous Twitter bots burst into life.

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

HSBC's Secret Files: The Inside Tale Of What Happened After It Apologized For Being Dirty

Law Technology Today brings together some of the best minds in law practice, legal technology, and the future of the profession. Interested in writing for us? Let us know! He has worked with several other famous brands and created value for them. Aaron Pierce Aaron Pierce represents clients in connection with a wide range of corporate, financing and entrepreneurial transactions. Pierce advises clients on issues in connection with company formation, general contract matters, corporate governance, employment matters, applications for tax-exempt status, private offerings, and compliance with securities regulations. Pierce also represents dozens of clients in the hospitality industry, including bars, clubs, restaurants and hotels, and is highly experienced in State Liquor Authority application and compliance issues and actions.

To read more, click here. Want to help us expose corruption and hold the highest levels of power to account? Become a BuzzFeed News Member here. And it had brazenly done business in off-limits countries such as Sudan and Myanmar.


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