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Two UK Teenagers Charged With Hacking for Notorious Gang Lapsus$

著者: msmash
2022年4月1日 23:40
Two teenagers from the UK have been charged by police over hacking for a notorious cyber-crime gang. From a report: A 16 and 17-year-old will appear at Highbury Corner Magistrates' Court on Friday. The boys have been charged with multiple cyber-offences and remain in police custody. The teens were arrested as part of an international police investigation into the Lapsus$ gang, which is relatively new but much talked-about. The cyber-crime group successfully breached major firms like Microsoft, and then bragged about it online. Last week, the FBI launched an appeal for information about the people behind the hacking crew. According to Det Insp Michael O'Sullivan, from the City of London Police, both teenagers have been charged with three counts of unauthorised access to a computer with intent to impair the reliability of data, one count of fraud by false representation, and one count of unauthorised access to a computer with intent to hinder access to data.

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As Russia Sees Tech Brain Drain, Other Nations Hope To Gain

著者: msmash
2022年4月1日 23:00
Russia's tech workers are looking for safer and more secure professional pastures. By one estimate, up to 70,000 computer specialists, spooked by a sudden frost in the business and political climate, have bolted the country since Russia invaded Ukraine five weeks ago. Many more are expected to follow. From a report: For some countries, Russia's loss is being seen as their potential gain and an opportunity to bring fresh expertise to their own high-tech industries. Russian President Vladimir Putin has noticed the brain drain even in the throes of a war that, according to the U.N. refugee agency, has caused more than 4 million people to flee Ukraine and displaced millions more within the country. This week, Putin reacted to the exodus of tech professionals by approving legislation to eliminate income taxes between now and 2024 for individuals who work for information technology companies. Some people in the vast new pool of high-tech exiles say they are in no rush to return home. An elite crowd furnished with European Union visas has relocated to Poland or the Baltic nations of Latvia and Lithuania. A larger contingent has fallen back on countries where Russians do not need visas: Armenia, Georgia and the former Soviet republics in Central Asia. In normal times, millions of less-skilled laborers emigrate from those economically shaky countries to comparatively more prosperous Russia.

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Fish Can Learn Basic Arithmetic

著者: BeauHD
2022年4月1日 22:00
sciencehabit shares a report from Science.org: Addition and subtraction must be hard for fish, especially because they don't have fingers to count on. But they can do it -- albeit with small numbers -- a new study reveals. By training the animals to use blue and yellow colors as codes for the commands "add one" and "subtract one," respectively, researchers showed fish have the capacity for simple arithmetic. To make the find, researchers at the University of Bonn adopted the design of a similar experiment conducted in bees. They focused on bony cichlids (Pseudotropheus zebra) and cartilaginous stingrays (Potamotrygon motoro), which the lab uses to study fish cognition. In the training phase, the scientists showed a fish in a tank an image of up to five squares, circles, and triangles that were all either blue or yellow. The animals had 5 seconds to memorize the number and color of the shapes; then a gate opened, and the fish had to choose between two doors: one with an additional shape and the other with one fewer shape. The rules were simple: If the shapes in the original image were blue, head for the door with one extra shape; if they were yellow, go for the door with one fewer. Choosing the correct door earned the fish a food reward: pellets for cichlids, and earthworms, shrimp, or mussels for stingrays. Only six of the eight cichlids and four of the eight stingrays successfully completed their training. But those that made it through testing performed well above chance, the researchers report today in Scientific Reports.

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Father-Son Team Helps People Brute-Force Their Lost Bitcoin Wallets

著者: BeauHD
2022年4月1日 19:00
Hundreds of people have lost access to their cryptocurrency, and recovering those lost Bitcoins has become a lucrative business. "Motherboard talks to some of the people trying to get back their crypto, and the people who are making that happen in the newest episode of CRYPTOLAND on YouTube," writes Slashdot reader em1ly. Here's an excerpt from an article accompanying the episode: It's hard to know exactly how much Bitcoin is locked forever in wallets whose owners forgot the password, or in hard drives thrown out. There's plenty of anecdotes of desperate people trying to recover their lost Bitcoin. Chainalysis, a firm that tracks cryptocurrencies to help companies and law enforcement, estimated in 2018 that up to 23% of all Bitcoin is lost forever -- around 3.79 million bitcoins or the equivalent of around $170 billion at today's conversion rate. Naturally, some of the people who own those lost Bitcoin are willing to do anything to get them back. And there's a market for companies or individuals who promise to recover the lost Bitcoin for a fee. There's the mysterious Wallet Recovery Service, run by an anonymous person who goes by DaveBitcoin, or Crypto Asset Recovery, a father and son startup based in New Hampshire. In essence, what these organizations do is try as many password or passphrase combinations as fast as they can -- or as fast as their password cracking software and hardware will allow -- until they get the right one for a specific wallet they're trying to break into. They brute force the password, but they need help from their customers -- some guess, at least, of what their password may have been. Charlie Brooks, the son in the duo that runs Crypto Asset Recovery, told Motherboard that their success rate is 32 percent, without counting those customers that they believe have almost no chance of getting their Bitcoin back (who they decline to take on as clients).

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A New Proposal For Interstellar Communication With Alien Intelligences

著者: BeauHD
2022年4月1日 16:00
OneHundredAndTen writes: A recent paper proposes a new way to put together a message for alien intelligent beings. It comes up with an elaborate mechanism to convey information in notably constrained bitmaps, but one can't help but wonder whether it is too elaborate. For example, for 1+1 = 2, the article proposes something far more visually complex than 1+1 = 2, which could also be, with small adjustments, easily coerced to have a representation as a bitmap with the limitations in the article. It is not clear why the representation that the authors are proposing would be easier for aliens to decode and understand than something much closer to 1+1 = 2: either representation would be, well, alien to them. "Calculation of the optimal timing during a given calendar year is specified for potential future transmission from both the Five-hundred-meter Aperture Spherical radio Telescope in China and the SETI Institute's Allen Telescope Array in northern California to a selected region of the Milky Way which has been proposed as the most likely for life to have developed," reads the paper. "These powerful new beacons, the successors to the Arecibo radio telescope which transmitted the 1974 message upon which this expanded communication is in part based, can carry forward Arecibo's legacy into the 21st century with this equally well-constructed communication from Earth's technological civilization."

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First Complete Gap-Free Human Genome Sequence Published

著者: BeauHD
2022年4月1日 12:30
An anonymous reader quotes a report from the Guardian: More than two decades after the draft human genome was celebrated as a scientific milestone, scientists have finally finished the job. The first complete, gap-free sequence of a human genome has been published in an advance expected to pave the way for new insights into health and what makes our species unique. Until now, about 8% of the human genome was missing, including large stretches of highly repetitive sequences, sometimes described as "junk DNA." In reality though, these repeated sections were omitted due to technical difficulties in sequencing them, rather than pure lack of interest. Sequencing a genome is something like slicing up a book into snippets of text then trying to reconstruct the book by piecing them together again. Stretches of text that contain a lot of common or repeated words and phrases would be harder to put in their correct place than more unique pieces of text. New "long-read" sequencing techniques that decode big chunks of DNA at once -- enough to capture many repeats -- helped overcome this hurdle. Scientists were able to simplify the puzzle further by using an unusual cell type that only contains DNA inherited from the father (most cells in the body contain two genomes -- one from each parent). Together these two advances allowed them to decode the more than 3 billion letters that comprise the human genome. The science behind the sequencing effort and some initial analysis of the new genome regions are outlined in six papers published in the journal Science.

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Chrome's 'Topics' Advertising System Is Here, Whether You Want It Or Not

著者: BeauHD
2022年4月1日 10:50
slack_justyb writes: After the failure of the Chrome user-tracking system that was called FLoC, Google's latest try at topic tracking to replace the 3rd party cookie (that Chrome is the only browser to still support) is FLEDGE and the most recent drop of Canary has this on full display for users and privacy advocates to dive deeper into. This recent release shows Google's hand that it views user tracking as a mandatory part of internet usage, especially given this system's eye-rolling name of "Privacy Sandbox" and the tightness in the coupling of this new API to the browser directly. The new API will allow the browser itself to build what it believes to be things that you are interested in, based on broad topics that Google creates. New topics and methods for how you are placed into those topics will be added to the browser's database and indexing software via updates from Google. The main point to take away here though is that the topic database is built using your CPU's time. At this time, opting out of the browser building this interest database is possible thus saving you a few cycles from being used for that purpose. In the future there may not be a way to stop the browser from using cycles to build the database; the only means may be to just constantly remove all interest from your personal database. At this time there doesn't seem to be any way to completely turn off the underlying API. A website that expects this API will always succeed in "some sort of response" so long as you are using Chrome. The response may be that you are interested in nothing, but a response none-the-less. Of course, sending a response of "interested in nothing" would more than likely require someone constantly, and timely, clearing out the interest database, especially if at some later time the option to turn off the building of the database is removed. With 82% of Google's empire based on ad revenue, this latest development in Chrome shows that Google is not keen on any moves to threaten their main money maker. Google continues to argue that it is mandatory that it builds a user tracking and advertising system into Chrome, and the company says it won't block third-party cookies until it accomplishes that -- no matter what the final solution may ultimately be. The upshot, if it can be called that, of the FLEDGE API over FLoC, is that abuse of FLEDGE looks to yield less valuable results. And attempting to use the API alone to pick out an individual user via fingerprinting or other methods employed elsewhere seems to be rather difficult to do. But only time will tell if that remains true or just Google idealizing this new API. As for the current timeline, here's what the company had to say in the latest Chromium Blog post: "Starting today, developers can begin testing globally the Topics, FLEDGE, and Attribution Reporting APIs in the Canary version of Chrome. We'll progress to a limited number of Chrome Beta users as soon as possible. Once things are working smoothly in Beta, we'll make API testing available in the stable version of Chrome to expand testing to more Chrome users."

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Nike Wants To 'Destroy' Unauthorized NFTs -- How Will That Work?

著者: BeauHD
2022年4月1日 10:10
An anonymous reader quotes a report from Decrypt: When a company like Nike finds someone using its brand without permission, it can ask the courts to order the unauthorized goods to be destroyed. Nike has done this in the past, but its latest trademark lawsuit comes with a twist -- the products it wants to "destroy" are NFTs, which are inscribed permanently on the Ethereum blockchain. The case in question involves Detroit-based StockX, a site that lets people buy and sell used brands, including Nike sneakers. [...] In a complaint filed last month in New York federal court, Nike accused StockX of ripping off its brand in order to cash in on a "gold rush market" for NFTs. As a remedy for StockX's alleged infringement of its trademarks, Nike wants the company to turn over its profits and stop the NFT sneaker sales. It also wants a judge to "order that StockX be required to deliver to Nike for destruction any and all Vault NFTs." According to Alexandra Roberts, a trademark law professor at the University of New Hampshire, it's fairly common for companies to ask to destroy goods that infringe their IP -- there's even a law that entitles them to do that. But whether a court will grant the order is likely to be informed by what the brand owner is looking to destroy. Where do NFTs fit into this? It's an open question since the courts have never had to address it before. And even if the New York court agrees to order the destruction of the StockX NFTs, there's the question of how exactly Nike would go about doing that. Records on the blockchain show that StockX has indeed inscribed the NFTs on Ethereum, which means they are indestructible except in the extremely unlikely event that developers agree to fork the blockchain to get rid of them. According to some, the most practical thing for Nike to do would be to send the NFTs to a so-called burner wallet. This wouldn't destroy them but still achieve the same purpose: "This means that the best outcome for a brand that is seeking to have NFTs destroyed may be to have them sent to a burn address, which still does not actually destroy them but renders them incapable of being transferred anymore," writes the Fashion Law Blog.

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Samsung To Provide Smartphone Parts, Tools, and Repair Guides Starting This Summer

著者: BeauHD
2022年4月1日 09:30
Starting this summer, Samsung says it will sell genuine parts and tools to customers needed to repair its Galaxy S20 and Galaxy S21 smartphones, along with its Galaxy Tab S7+ tablet. Fast Company reports: The company, which is partnering with device repair resource iFixit on the initiative, will also provide access to step-by-step repair guides, and it plans to support more devices and repairs over time. The program is similar to one that Apple announced last fall, allowing users to repair the display, battery, and camera on their iPhones. Samsung says it's launching the program to "promote a circular economy and minimize e-waste," though it's just as likely responding to regulatory pressure. Last year, the Federal Trade Commission (FTC) said it would crack down on illegal repair restrictions, and iFixit expects dozens of states to introduce right-to-repair laws this year. [...] But while phone makers may now feel compelled to supply repair parts and guides to consumers, that doesn't mean the repairs themselves will be any easier. According to iFixit's Galaxy S21 teardown, some repairs involve work that's "unnecessarily sticky and complicated," requiring a heat gun to pry open the display panel and an isopropyl alcohol bath to loosen the "tar pit" around the battery. At least customers brave enough to make those repairs won't have any trouble getting the parts and tools they need.

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Russians Leaving Chernobyl After Radiation Exposure

著者: BeauHD
2022年4月1日 09:10
According to the Associated Press, Russian troops have left the Chernobyl nuclear power plant after soldiers received "significant doses" of radiation from digging trenches around the closed plant. On February 24, Russians seized control of Chernobyl shortly after declaring their invasion of Ukraine. From the report: Russian forces seized the Chernobyl site in the opening stages of the Feb. 24 invasion, raising fears that they would cause damage or disruption that could spread radiation. The workforce at the site oversees the safe storage of spent fuel rods and the concrete-entombed ruins of the reactor that exploded in 1986. Edwin Lyman, a nuclear expert with the U.S.-based Union of Concerned Scientists, said it "seems unlikely" a large number of troops would develop severe radiation illness, but it was impossible to know for sure without more details. He said contaminated material was probably buried or covered with new topsoil during the cleanup of Chernobyl, and some soldiers may have been exposed to a "hot spot" of radiation while digging. Others may have assumed they were at risk too, he said.

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Wyze Cam Security Flaw Gave Hackers Access To Video; Went Unfixed For Almost Three Years

著者: BeauHD
2022年4月1日 08:50
An anonymous reader quotes a report from 9to5Mac: A major Wyze Cam security flaw easily allowed hackers to access stored video, and it went unfixed for almost three years after the company was alerted to it, says a new report today. Additionally, it appears that Wyze Cam v1 -- which went on sale back in 2017 -- will never be patched, so it will remain vulnerable for as long as it is used. Bleeping Computer reports: "A Wyze Cam internet camera vulnerability allows unauthenticated, remote access to videos and images stored on local memory cards and has remained unfixed for almost three years. The bug, which has not been assigned a CVE ID, allowed remote users to access the contents of the SD card in the camera via a webserver listening on port 80 without requiring authentication. Upon inserting an SD card on the Wyze Cam IoT, a symlink to it is automatically created in the www directory, which is served by the webserver but without any access restrictions." And as if that weren't bad enough, it gets worse. Many people re-use existing SD cards they have laying around, some of which still have private data on them, especially photos. The flaw gave access to all data on the card, not just files created by the camera. Finally, the AES encryption key is also stored on the card, potentially giving an attacker live access to the camera feed. Altogether, Bitdefender security researchers advised the company of three vulnerabilities. It took Wyze six months to fix one, 21 months to fix another, and just under two years to patch the SD card flaw. The v1 camera still hasn't been patched, and as the company announced last year that it has reached end-of-life status, so it appears it never will.

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E3 2022 Has Officially Been Canceled

著者: BeauHD
2022年4月1日 08:30
After previously canceling its in-person E3 2022 event, the ESA has now informed its partners that there will be no digital event equivalent this year either - meaning E3 2022 has fully been canceled. IGN reports: The news broke via a tweet from Razer PR lead Will Powers, who said that an email had been sent out announcing the cancellation of a digital E3 event. IGN has independently verified the contents of the email as well. The ESA had initially planned for an in-person E3 event this year after having no event in 2020 due to COVID-19 and a digital one in 2021. "We will devote all our energy and resources to delivering a revitalized physical and digital E3 experience next summer," said the Entertainment Software Association in an official statement to IGN. "Whether enjoyed from the show floor or your favorite devices, the 2023 showcase will bring the community, media, and industry back together in an all-new format and interactive experience." "We look forward to presenting E3 to fans around the world live from Los Angeles in 2023."

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Russia's Site-Blocking System Isn't Performing and Could Even Collapse

著者: msmash
2022年4月1日 08:10
Blocking access to internet resources requires lots of hardware but due to sanctions, there are fears in Russia that a breakdown in systems operations may be just months away. Andy Maxwell, reporting for TorrentFreak: Russia's invasion of Ukraine has been going on for more than a month. It isn't going to plan. In parallel with the terrible images being shared around the world, Russia is using its infamous site-blocking systems to deny access to websites that dare to challenge the Kremlin's narrative of Putin's 'Special Operation.' Telecoms regulator Roscomnadzor is working harder than ever to maintain its blockades against everything from Google News, Twitter, Facebook, and Instagram, to the thousands of pirate sites and other resources on the country's blacklists. But, like the invasion itself, things aren't going to plan here either. A little over a week ago, local telecoms operators supplying internet access to Russian citizens were ordered to carry out "urgent checks" on their ability to continue blocking sites deemed illegal by the state. ISPs were required to carry out an audit and liaise with telecoms regulator Roscomnadzor. Today is the reporting deadline but according to several sources, problems are apparent in the system. With accurate and critical reporting being all but strangled by the state, it is not absolutely clear who or what ordered the review but the consensus is that prescribed blocking standards aren't being met. As previously reported, local torrent site RuTracker suddenly found itself unblocked earlier this month, reportedly due to issues at an ISP. Problems are also reported with the Roscomnadzor-controlled 'TSPU' Deep Packet Inspection (DPI) system embedded into the networks of around 80 local ISPs and recently used to restrict Tor, VPNs and Twitter traffic.

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Proposal To Sanction Russian Cybersecurity Firm Over Ukraine Invasion Splits Biden Administration

著者: msmash
2022年4月1日 07:30
The Biden administration is divided over whether to impose sanctions on Kaspersky Lab, a Russian cybersecurity giant that officials warn could be used by the Kremlin as a surveillance tool against its customers, The Wall Street Journal reported Thursday, citing people familiar with the matter. From the report: The White House's National Security Council has pressed the Treasury Department to ready the sanctions as part of the broad Western campaign to punish Russia for its invasion of Ukraine, according to officials familiar with the matter. While Treasury officials have been working to prepare the package, sanctions experts within the department have raised concerns over the size and scope of such a move. The company's software is used by hundreds of millions of customers across the world, making it difficult to enforce the sanctions. In addition, some officials in the U.S. and Europe fear sanctioning Kaspersky Lab will increase the likelihood of triggering a cyberattack against the West by Moscow, even potentially leveraging the software itself. It wasn't clear whether the sanctions would go forward, and one official said the idea had been put on hold for now. The debate reflects how agencies within the Biden administration are weighing in real time options to deliver more economic pain to the Russian economy in response to its invasion of Ukraine.

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EU Lawmakers Set To Tighten Up on Crypto Transfers

著者: msmash
2022年4月1日 06:50
European Union lawmakers were set on Thursday to back tougher safeguards for transfers of bitcoin and other cryptocurrencies, in the latest sign that regulators are tightening up on the freewheeling sector. From a report: Two committees in the European Parliament have thrashed out cross-party compromises to be voted on. Crypto exchange Coinbase has warned the rules would usher in a surveillance regime that stifles innovation. The $2.1 trillion crypto sector is still subject to patchy regulation across the world. Concerns that bitcoin and its peers could upset financial stability and be used for crime have accelerated work by policymakers to bring the sector to heel. Under the proposal first put forward last year by the EU's executive European Commission, crypto firms such as exchanges would have to obtain, hold, and submit information on those involved in transfers. That would make is easier to identify and report suspicious transactions, freeze digital assets, and discourage high-risk transactions, said Ernest Urtasun, a Spanish Green Party lawmaker helping to steer the measure through the parliament. The Commission had proposed applying the rule to transfers worth 1,000 euros ($1,116) or more, but under the cross-party agreement this 'de minimis' rule has been scrapped -- meaning all transfers would be in scope.

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NASA Says Russia is Still 'Moving Toward' Extending the Space Station Through 2030

著者: msmash
2022年4月1日 06:10
Despite the United States and Russia's deteriorating relationship here on Earth, Russia is still considering extending its participation on the International Space Station through 2030, according to NASA. However, it could be a few months before there is a solid update on Russia's official stance. From a report: NASA and Russia's state space corporation, Roscosmos, have been the two largest partners on the International Space Station for the last three decades. The two organizations have agreed to work together on the ISS through 2024, but at the end of last year, the Biden administration announced its intentions to extend the space station program through 2030. Russia has not formally agreed to the extension yet. Roscosmos's participation in the extension started to seem unlikely after Russia invaded Ukraine in February. In response to the war, the United States sanctioned Russia's major industries, which triggered outrage from the head of Roscosmos, Dmitry Rogozin. On Twitter, Rogozin made wild threats about the future of the ISS, insinuating that the station could come crashing down on the United States if Russia withdrew prematurely from the program. He has also hinted at revisiting the partnership with the US in light of the sanctions.

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Crypto Miners in Texas Need 'Approval to Energize' in New Grid Hurdle

著者: msmash
2022年4月1日 05:34
Texas has started requiring new large-scale cryptocurrency miners to seek permission to connect to the state's power grid in anticipation of a flood of requests expected to drive up electricity demand. From a report: The Electric Reliability Council of Texas is requiring utilities to submit studies on the impact of miners and other large users tapping the grid before they can get "approval to energize," according to a March 25 notice from the state's main grid operator. Ercot members voted Wednesday to form a task force to hash out details of an interim plan that's ultimately meant to protect the grid from being overwhelmed.

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Hubble Sees Most Distant Star Ever, 28 Billion Light-Years Away

著者: msmash
2022年4月1日 00:24
The Hubble Space Telescope has glimpsed the most distant single star it's ever observed, glimmering 28 billion light-years away. And the star could be between 50 to 500 times more massive than our sun, and millions of times brighter. From a report: It's the farthest detection of a star yet, from 900 million years after the big bang. Astronomers have nicknamed the star Earendel, derived from an Old English words that means "morning star" or "rising light." A study detailing the findings published Wednesday in the journal Nature. This observation breaks the record set by Hubble in 2018 when it observed a star that existed when the universe was around four billion years old. Earendel is so distant that the starlight has taken 12.9 billion years to reach us. This observation of Earendel could help astronomers to investigate the early years of the universe. "As we peer into the cosmos, we also look back in time, so these extreme high-resolution observations allow us to understand the building blocks of some of the very first galaxies," said study coauthor Victoria Strait, a postdoctoral research at the Cosmic Dawn Center in Copenhagen, in a statement. "When the light that we see from Earendel was emitted, the Universe was less than a billion years old; only 6% of its current age. At that time it was 4 billion lightyears away from the proto-Milky Way, but during the almost 13 billion years it took the light to reach us, the Universe has expanded so that it is now a staggering 28 billion lightyears away."

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Google Search's New Highly Cited Label Helps You Get To the Source of a Story

著者: msmash
2022年4月1日 00:12
Google is adding a new "highly cited" label to search results frequently sourced by other publications, the company is announcing today. From a report: Anything from local news stories, to interviews, announcements, and even press releases will be eligible for the new label being added to the search result's preview image, so long as other websites are linking to it. More info is also being added to Search's "rapidly evolving topics" and "About this Result" notices. The search giant's hope is that its highly cited label will help highlight original reporting, which can include important context that's stripped out when a story gets picked up more widely. But it should also be helpful to find press releases, where you can get information directly from companies themselves. Google says it hopes the label will help readers find "the most helpful or relevant information for a news story." It'll launch "soon" in the US on mobile for English-speaking users, and will start appearing globally "in the coming weeks."

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Crypto Platforms Ask for Rules But Have a Favorite Watchdog

著者: msmash
2022年3月31日 23:57
As the SEC signals that it wants more oversight of digital asset markets, the industry makes it clear it prefers to be supervised by the smaller CFTC. From a report: It was a classic Washington networking party. Sam Bankman-Fried, the co-founder and chief executive officer of FTX, one of the world's largest crypto trading platforms, held court on a February evening in a private room at the Park Hyatt hotel on the edge of Georgetown. Drinks flowed from an open bar, and hors d'oeuvres were served to the clutch of congressional aides, financial lobbyists, and former regulators. The goal of Bankman-Fried, a 30-year-old billionaire, was to showcase his new lobbying operation -- and to persuade influential Washingtonians that crypto needs more regulation. It may seem strange that a crypto magnate is seeking federal oversight. But as lawmakers and bureaucrats grapple with how to police a fast-growing and risky $2 trillion market, new rules seem inevitable. In March, President Joe Biden signed an executive order calling on federal agencies to work out policies on crypto. Bankman-Fried, whose company last year bought the naming rights to the Miami Heat's basketball arena, is pushing his own ideas of what regulation ought to look like, as well as who his main watchdog should be. He's arguing for a bigger role for the U.S. Commodity Futures Trading Commission. The relatively small agency monitors futures contracts in basic goods such as crude oil, corn, and pork, as well as financial derivatives such as interest-rate swaps. It also oversees U.S. futures and options contracts on the popular cryptocurrencies Bitcoin and Ether. A U.S. affiliate of the Bahamas-based FTX offers such crypto derivatives, so part of its business is already under the CFTC's purview. Bankman-Fried wants Congress to expand the CFTC's authority to cover trading in the coins themselves. Currently, the CFTC only claims jurisdiction over cash token markets in cases of suspected fraud or manipulation that could affect the performance of crypto derivatives. In February testimony to the Senate, he said this lack of clarity is bad for investors and the industry. Other trading platforms are also starting to see the merits of being overseen primarily by the CFTC, say industry leaders who asked not to be named talking about private discussions.

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