The Italian Data Protection Authority, a local privacy regulator, announced the launch of a “fact-finding” investigation on Nov. 22, in which it will look into the practice of data gathering to train artificial intelligence (AI) algorithms.

The investigation aims to verify the adoption of appropriate security measures on public and private websites to prevent “web scraping” of personal data used for AI training via third parties from “the ‘spiders’ of the manufacturers of artificial intelligence algorithms.”

According to the regulator, this “fact-finding survey” applies to all public and private subjects operating as data controllers, established in Italy or offering…

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Kraken co-founder Jesse Powell has welcomed the result of the Binance investigation in an X (formerly Twitter) post and has highlighted the need for long-term-oriented visionaries and shareholders.

Over the last 12 months, leaders of major crypto exchanges, such as FTX and Binance, have come under federal scrutiny by United States government agencies for allegations ranging from misappropriation of investors’ funds to bypassing Anti-Money Laundering (AML) regulations.

According to Powell, the probes provide much-needed answers to How are they going so fast? and How are they getting away with it?

Powell sees Binance and former CEO Changpeng “CZ” Zhao’s legal proceedings as a…

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Around $46 million in various crypto assets has seemingly been drained from the decentralized KyberSwap exchange in the latest decentralized finance exploit.

On Nov. 23, the Kyber Network team alerted its users stating in an X (Twitter) post that KyberSwap Elastic “has experienced a security incident.”

It advised users to withdraw their funds as a precaution and added it was investigating the situation.

Urgent

Dear KyberSwap Elastic Users,We regret to inform you that KyberSwap Elastic has experienced a security incident.

As a precautionary measure, we strongly advise all users to promptly withdraw their funds. Our team is diligently investigating the situation, and we…

— Kyber Network… Read more on Cointelegraph

The director of Netflix’s sci-fi series Conquest reportedly used $4 million from the show’s budget to bet on Dogecoin (DOGE) and made $27 million in the process.

Now the director, Carl Erik Rinsch, wants another $14 million from Netflix, according to a Nov. 22 report in The New York Times citing a confidential arbitration proceeding.

The Times report details the behind-the-scenes drama of Rinsch’s sci-fi Netflix series Conquest, which the streaming giant doled out $55 million to make, but is yet to receive an episode.

In March 2020, 16 months after Netflix bought Rinsch’s idea and provided him with an initial budget of $44 million, the director asked for more funds. Netflix obliged…

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FTX founder and convicted fraudster Sam Bankman-Fried will stay jailed after failing to convince a United States appellate court that he should be freed while his legal team appeals his conviction.

In a Nov. 21 mandate, the U.S. Court of Appeals for the Second Circuit said Bankman-Fried’s previous attempts to tamper with two witnesses while on pretrial release was a major reason behind rejecting his request.

“We have reviewed the Defendant-Appellant’s additional arguments and find them unpersuasive,” the court said.

Bankman-Fried’s release motion was rejected by a U.S. appeals court. Source: Courtlistener

Government prosecutors accused Bankman-Fried of leaking Caroline Ellison’s…

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A group of seven Uniswap DAO delegates who vote over 80% of the time — but possess marginal voting power — moved closer to receiving a voting power boost after a Wednesday temperature check vote. 

The proposal would split 10 million uniswap, worth around $60 million at current prices, among “underrepresented” DAO delegates with less than 2.5 million uniswap. A DAO borne out of Georgia Tech’s blockchain club and the trading firm Wintermute were the two most popular delegates in the temp check. 

The proposal now faces an on-chain vote before delegates would receive uniswap (UNI) from the DAO’s treasury. To be clear, the UNI would not be funds the delegates could spend or…

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Blockchain analytics firm Nansen reported that following a settlement for civil and criminal charges against Binance and CEO Changpeng “CZ” Zhao, outflows from the crypto exchange didn’t result in a “mass exodus of funds.”

In a Nov. 22 X post, Nansen said roughly 24 hours after the United States Department of Justice announced a $4.3-billion settlement with Binance, the exchange has experienced a $956 million net outflow on Ethereum. However, Binance’s total holdings increased to more than $65 billion.

“[W]ithdrawals are continuing, and we’re not seeing a mass exodus of funds,” said Nansen. “In the past, Binance has processed higher volumes of outflow and negative…

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In this week’s newsletter, read about the creator of a Mutant Ape Yacht Club (MAYC) knock-off pleading guilty to fraud charges, check out how OpenSea’s non-fungible token (NFT) users received a massive phishing email campaign, and how Bitcoin transaction fees flipped Ethereum network fees as the hype for Ordinals resurfaced. In other news, game distributor G2A has launched a gaming-focused NFT marketplace. 

Creator of Mutant Ape ripoff NFTs pleads guilty to $3 million fraud scheme

Aurelien Michel, the creator of the Mutant Ape Planet NFT collection, which copies the popular MAYC collection by Yuga Labs, pleaded guilty to wire fraud in a New York federal court. Michel admitted to…

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