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SEC Voluntarily Dismisses Lawsuit Against Binance

3 months 2 weeks ago
The SEC on Thursday voluntarily dismissed its lawsuit against Binance, the world's largest cryptocurrency exchange. It brings an end to one of the last remaining crypto enforcement actions brought by the agency. Reuters reports: The SEC had accused the defendants in 2023 of artificially inflating trading volumes, diverting customer funds, failing to restrict U.S. customers from Binance's platform, and misleading investors about its market surveillance controls. It also accused Binance of unlawfully facilitating trading of several tokens that prior SEC leadership deemed unregistered securities. Developing...

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Microsoft's May Patch Tuesday update fails on some Windows 11 VMs

3 months 2 weeks ago
'The operating system couldn't be loaded' is never a great message

Microsoft's latest Patch Tuesday update is failing to install on some Windows 11 machines, mostly virtual ones, and dumping them into recovery mode with a boot error. Its only recommendation to avoid the problem for now is to dodge the update.…

Iain Thomson

ASUS Router Backdoors Affect 9,000 Devices, Persists After Firmware Updates

3 months 2 weeks ago
An anonymous reader quotes a report from SC Media: Thousands of ASUS routers have been compromised with malware-free backdoors in an ongoing campaign to potentially build a future botnet, GreyNoise reported Wednesday. The threat actors abuse security vulnerabilities and legitimate router features to establish persistent access without the use of malware, and these backdoors survive both reboots and firmware updates, making them difficult to remove. The attacks, which researchers suspect are conducted by highly sophisticated threat actors, were first detected by GreyNoise's AI-powered Sift tool in mid-March and disclosed Thursday after coordination with government officials and industry partners. Sekoia.io also reported the compromise of thousands of ASUS routers in their investigation of a broader campaign, dubbed ViciousTrap, in which edge devices from other brands were also compromised to create a honeypot network. Sekoia.io found that the ASUS routers were not used to create honeypots, and that the threat actors gained SSH access using the same port, TCP/53282, identified by GreyNoise in their report. The backdoor campaign affects multiple ASUS router models, including the RT-AC3200, RT-AC3100, GT-AC2900, and Lyra Mini. GreyNoise advises users to perform a full factory reset and manually reconfigure any potentially compromised device. To identify a breach, users should check for SSH access on TCP port 53282 and inspect the authorized_keys file for unauthorized entries.

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China Summons Top Carmakers Over 'Zero-Mileage' Used Vehicles

3 months 2 weeks ago
An anonymous reader shares a report: China's Ministry of Commerce is meeting with some of the country's biggest automakers to discuss whether the industry is using a loophole to mask weakening sales. Reuters adds: It comes after Great Wall Motor's Chairman Wei Jianjun said in an interview with Sina Finance last week that a phenomenon called "secondhand cars with zero mileage" had emerged in the Chinese market as a result of the industry's years-long price war. The phenomenon, he said, involved cars that had been registered and had licence plates -- marking them as sold -- but had never been driven being sold in the secondhand market. Wei said that at least 3,000 to 4,000 vendors on Chinese used car platforms were selling such cars. The source said the tactic was seen as a potential method within the industry for automakers and dealers to support new car sales as they try to meet aggressive sales targets.

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