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Tornado Cash Developer Found Guilty of Laundering $1.2 Billion of Crypto

Slashdot.org - Tue, 05/14/2024 - 09:40
A panel of judges in the Netherlands has found Alexey Pertsev, one of the developers behind crypto anonymizing tool Tornado Cash, guilty of money laundering. Wired: Over the course of two days in March, the Russian national was tried on the allegation that the tool he developed had allowed criminals -- among them hackers with ties to North Korea -- to freely launder $1.2 billion in stolen cryptocurrency. "The management of Tornado Cash welcomed the bank robbers with open arms," the prosecutors wrote in a March court filing. Dutch judges sentenced Pertsev to five years and four months in prison on Tuesday, which was the term requested by prosecutors in the case. "With Tornado Cash, the defendant created a shortcut for financing crimes and terrorism," said the court in a statement, translated from Dutch. "He chose to look away from the abuse and did not take any responsibility." The purpose of tools like Tornado Cash, known as crypto mixers or tumblers, is to mask the origin and destination of users' coins. Funds belonging to many parties are pooled, jumbled up, and spat out into brand-new wallets, by which time it is no longer clear whose crypto is whose. These services are promoted as a way to improve the level of privacy available to crypto users, but have been readily co-opted for the purpose of money laundering. On August 8, 2022, Tornado Cash was sanctioned in the United States, making it illegal for US citizens to use the service. Any product that "indiscriminately facilitates anonymous transactions," wrote the US Treasury's Office of Foreign Assets Control, represents a "threat to US national security." Two days later, Pertsev was arrested in the Netherlands, where he resided. Money laundering activity, the Dutch prosecutors claim, accounted for more than 30 percent of the funds that passed through Tornado Cash between 2019 and 2022. [...] Pertsev built his defense on the argument that Tornado Cash, which remains in operation, is under nobody's control -- including his own -- as a piece of software that runs on the Ethereum blockchain, a distributed network of computers. Further reading: Coinbase Employees and Ethereum Backers Sue US Treasury Over Tornado Cash Sanctions (September 2022).

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8 things I loved in my first week with the Pixel 8a8 things I loved in my first week with the Pixel 8aContributor

GoogleBlog - Tue, 05/14/2024 - 09:00
Hands on with the Pixel 8a, Google’s newest addition to the Pixel lineup.Hands on with the Pixel 8a, Google’s newest addition to the Pixel lineup.
Categories: Technology

AWS CEO To Step Down

Slashdot.org - Tue, 05/14/2024 - 08:50
AWS CEO Adam Selipsky is stepping down, effective June 3, according to an email from Amazon CEO Andy Jassy. Matt Garman, SVP of AWS sales, marketing, and global services at Amazon, will replace Selipsky as CEO.

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Ordered Back To the Office, Top Tech Talent Left Instead, Study Finds

Slashdot.org - Tue, 05/14/2024 - 08:00
An anonymous reader quotes a report from the Washington Post: Return-to-office mandates at some of the most powerful tech companies -- Apple, Microsoft and SpaceX -- were followed by a spike in departures among the most senior, tough-to-replace talent, according to a case study published last week by researchers at the University of Chicago and the University of Michigan. Researchers drew on resume data from People Data Labs to understand the impact that forced returns to offices had on employee tenure and the movement of workers between companies. What they found was a strong correlation between the departures of senior-level employees and the implementation of a mandate, suggesting that these policies "had a negative effect on the tenure and seniority of their respective workforce." High-ranking employees stayed several months less than they might have without the mandate, the research suggests -- and in many cases, they went to work for direct competitors. At Microsoft, the share of senior employees as a portion of the company's overall workforce declined more than five percentage points after the return-to-office mandate took effect, the researchers found. At Apple, the decline was four percentage points, while at SpaceX -- the only company of the three to require workers to be fully in-person -- the share of senior employees dropped 15 percentage points. "We find experienced employees impacted by these policies at major tech companies seek work elsewhere, taking some of the most valuable human capital investments and tools of productivity with them," said Austin Wright, an assistant professor of public policy at the University of Chicago and one of the study's authors. "Business leaders should weigh carefully employee preferences and market opportunities when deciding when, or if, they mandate a return to office." While the corporate culture and return-to-office policies differ "markedly" between the three companies, the similar effects of the RTO mandates suggest that "the effects are driven by common underlying dynamics," wrote the authors of the study. "Our findings suggest that RTO mandates cost the company more than previously thought," said David Van Dijcke, a researcher at the University of Michigan who worked on the study. "These attrition rates aren't just something that can be managed away." Robert Ployhart, a professor of business administration and management at the University of South Carolina, said executives haven't provided much evidence that RTO mandates actually benefit their workforces. "The people sitting at the apex may not like the way they feel the organization is being run, but if they're not bringing data to that point of view, it's really hard to argue why people should be coming back to the workplace more frequently," Ployhart said. Senior employees, he said, are "the caretakers of a company's culture," and having to replace them can have negative effects on team morale and productivity. "By driving those employees away, they've actually enhanced and sped up the very thing they were trying to stop," Ployhart said.

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Linux cp command copy symbolic (soft) link tutorial

nixCraft - Tue, 05/14/2024 - 06:35
Do you want to copy a symbolic (soft) link instead of a file using the cp command under Linux? Try passing the -a (--archive) to copy and preserve all soft (symbolic) links. The cp command is a naturally used file copying under Linux and it comes with a few rules for copying symbolic links. Love this? sudo share_on: Twitter - Facebook - LinkedIn - Whatsapp - Reddit The post Linux cp command copy symbolic (soft) link tutorial appeared first on nixCraft. 2023-04-10T19:04:32Z 2023-04-10T19:04:32Z Vivek Gite

Internet Use Is Associated With Greater Wellbeing, Global Study Finds

Slashdot.org - Tue, 05/14/2024 - 05:00
According to a new study published in the journal Technology, Mind and Behavior, researchers found that internet use is associated with greater wellbeing in people around the world. "Our analysis is the first to test whether or not internet access, mobile internet access and regular use of the internet relates to wellbeing on a global level," said Prof Andrew Przybylski, of the University of Oxford, who co-authored the work. The Guardian reports: [T]he study describes how Przybylski and Dr Matti Vuorre, of Tilburg University in the Netherlands, analysed data collected through interviews involving about 1,000 people each year from 168 countries as part of the Gallup World Poll. Participants were asked about their internet access and use as well as eight different measures of wellbeing, such as life satisfaction, social life, purpose in life and feelings of community wellbeing. The team analyzed data from 2006 to 2021, encompassing about 2.4 million participants aged 15 and above. The researchers employed more than 33,000 statistical models, allowing them to explore various possible associations while taking into account factors that could influence them, such as income, education, health problems and relationship status. The results reveal that internet access, mobile internet access and use generally predicted higher measures of the different aspects of wellbeing, with 84.9% of associations between internet connectivity and wellbeing positive, 0.4% negative and 14.7% not statistically significant. The study was not able to prove cause and effect, but the team found measures of life satisfaction were 8.5% higher for those who had internet access. Nor did the study look at the length of time people spent using the internet or what they used it for, while some factors that could explain associations may not have be considered. Przybylski said it was important that policy on technology was evidence-based and that the impact of any interventions was tracked.

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