South Korean Police Accidentally Post Cryptocurrency Wallet Password

An expensive mistake:

Someone jumped at the opportunity to steal $4.4 million in crypto assets after South Korea’s National Tax Service exposed publicly the mnemonic recovery phrase of a seized cryptocurrency wallet.

The funds were stored in a Ledger cold wallet seized in law enforcement raids at 124 high-value tax evaders that resulted in confiscating digital assets worth 8.1 billion won (currently approximately $5.6 million).

When announcing the success of the operation, the agency released photos of a Ledger device, a popular hardware wallet for crypto storage and management…

Continue reading South Korean Police Accidentally Post Cryptocurrency Wallet Password→

Academia and the “AI Brain Drain”

In 2025, Google, Amazon, Microsoft and Meta collectively spent US$380 billion on building artificial-intelligence tools. That number is expected to surge still higher this year, to $650 billion, to fund the building of physical infrastructure, such as data centers (see go.nature.com/3lzf79q). Moreover, these firms are spending lavishly on one particular segment: top technical talent.

Meta reportedly offered a single AI researcher, who had cofounded a start-up firm focused on training AI agents to use computers, a compensation package of $250 million over four years (see …

Continue reading Academia and the “AI Brain Drain”→

Canada Needs Nationalized, Public AI

Canada has a choice to make about its artificial intelligence future. The Carney administration is investing $2-billion over five years in its Sovereign AI Compute Strategy. Will any value generated by “sovereign AI” be captured in Canada, making a difference in the lives of Canadians, or is this just a passthrough to investment in American Big Tech?

Forcing the question is OpenAI, the company behind ChatGPT, which has been pushing an “OpenAI for Countries” initiative. It is not the only one eyeing its share of the $2-billion, but it appears to be the most aggressive. OpenAI’s top lobbyist in the region has met with Ottawa officials, including Artificial Intelligence Minister Evan Solomon…

Continue reading Canada Needs Nationalized, Public AI→