An investigation into the complete and systematic destruction of the US CIA's network of human assets in China which began in 2010 is pointing at the agency's communications system and hygeine as a substantial factor that aided the Chinese spy hunt (archived). The agency was afflicted by arrogance and lifted the system they had been using successfully in Middle East operations without giving much thought to the reality that China is an emerging power that managed to capture the bulk of the world's manufacturing within a generation, and perhaps China was more technologically sophisticated than the pashtuns embarassing them in the middle east.
The rapidly compromised spy communications network, arrogance concerning the security of the network, with the possible extra insult of one alleged defector broke the agency.
The Bangkok post reports that 22 year old Finnish man Aarni Otava Saarimaa allegedly gave a fortune of 5564.4 Bitcoins to a group of Thai men offering him the opportunity to invest in an online casino and an altcoin project they dubbed "Dragon Coin" (archived). Reportedly the Thai men instead converted the fortune into 797 million bhat of which 745 million bhat made it into their bank accounts. In a very Tradehillesque move, many of those bhat were further converted to real estate.
Local police have arrested a number of Thai men for connection to the plot while others they would like to arrest have fled, including one to the United States. Local police are insisting that despite earlier local reports which alleged a number of local politicians were involved, there were no politicians involved in fingering the Finn's Fortune.
A story which circulated last month where a South Korean firm declared they found wreckage of a Russian warship containing tons of gold appears to have been an altcoin fraud with the firm planning to create an altcoin backed by non-existent sea gold (archived). The firm allocated a rather specific value to the sea floor find without actually providing evidence of the alleged find's size, and an affiliate in Signapore began issuing an altcoin against that value.
Semiconductor Fabricator TMSC annouced that they were hit with a virus that multiple pieces of their production operation in Taiwan. TMSC alleges the virus entered their systems as they were installing software for a new tool. TMSC's full announcement:
Issued by: TSMC
Issued on: 2018/08/05
Hsinchu, Taiwan, R.O.C., Aug 5, 2018 – TSMC today provided an update on the Company’s computer virus outbreak on the evening of August 3, which affected a number of computer systems and fab tools in Taiwan. The degree of infection varied by fab. TSMC contained the problem and found a solution. As of 14:00 Taiwan time, about 80% of the company’s impacted tools have been recovered, and the Company expects full recovery on August 6.
TSMC expects this incident to cause shipment delays and additional costs. We estimate the impact to third quarter revenue to be about three percent, and impact to gross margin to be about one percentage point. The Company is confident shipments delayed in third quarter will be recovered in the fourth quarter 2018, and maintains its forecast of high single-digit revenue growth for 2018 in U.S. dollars given on July 19, 2018.
Most of TSMC’s customers have been notified of this event, and the Company is working closely with customers on their wafer delivery schedule. The details will be communicated with each customer individually over the next few days.
This virus outbreak occurred due to misoperation during the software installation process for a new tool, which caused a virus to spread once the tool was connected to the Company’s computer network. Data integrity and confidential information was not compromised. TSMC has taken actions to close this security gap and further strengthen security measures.
The US Department of "Justice" has charged a Chinese man, Micheal Yin of Beijing, with 14 felony charges of securities fraud in the Southern District of New York. Yin is alleged to have traded shares of Lattice Semiconductor using non-public information. A second man, Benjamin Chow who worked for a private equity firm in Palo Alto is alleged to be the source of the information following Chow's own guilty plea. The full text is below: Continue reading
Chinese automotive and technology giant BYD annouced plans to operate the largest rechargable battery factory in the world by the end of the year. English language publications are drawing comparisons to Tesla and their "gigafactory" painting BYD as a fellow alternate, Chinese Universe startup competing with Tesla (archived). This popular English language posturing ignores BYD's established position selling conventionally fueled vehicles and industial equipment inside and outside of China .
The US has moved the headquarters for their forces occupying South Korea from the capital Seoul to an encampment near Pyeongtaek 70 kilometers to the south (archived). This follows a warming of relationships between US President Donald Trump and the government of independent North Korea.
Harvard University has been exposed engaging in systemic discrimination against Asian applicants in the name of "diversity" (archived). According to the internal report from 2013, 43 percent of Harvard's freshman class would have been Asian if they University had adhered to strict qualifications based admissions criteria. To prevent that outcome the University's admissions office increased the weight of subjective criteria like "personality" as part of an organized effort to marginalize Asian applicants.
South Korean coach Shin Tae-yong admited that during low stakes games before the World Cup he had a number of his players switch uniform numbers in order to thwart scouting efforts by competitors (archived). The coach cited Western white folk's inability to "distinguish between Asians" as cause to believe in the effectiveness of the tactic.
Canadian citizen Roger Clark has been extradited to the US1 over allegations he allegedly mentored Dread Pirate Roberts, operator of the late Silk Road darknet market (archived). The FBI and their criminal co-conspirators allege Clark under the alias 'Variety Jones' gave advice to a young man on the internet.