Skip to main content

Judge Dismisses Most Charges Against FTX's Celebrity Boosters

4 weeks 2 days ago
A Florida federal judge has dismissed the majority of claims against celebrities who endorsed Sam Bankman-Fried's now-collapsed cryptocurrency exchange FTX. Judge K. Michael Moore ruled that investors failed to demonstrate the high-profile endorsers -- including Tom Brady, Gisele Bundchen, Kevin O'Leary, Larry David, Shohei Ohtani, and Stephen Curry -- knew about FTX's fraudulent activities. In his ruling, Moore wrote that while the celebrity endorsers may have been "uninformed, negligent, or even reckless," plaintiffs didn't adequately establish that defendants had "knowledge of FTX's fraud" or "the requisite intent to deceive and defraud investors."

Read more of this story at Slashdot.

msmash

Wikipedia Legally Challenges UK's 'Flawed' Online Safety Rules

4 weeks 2 days ago
Wikipedia is taking legal action against the UK's new Online Safety Act regulations it says could threaten the safety of its volunteer editors and their ability to keep harmful content off the site. From a report: The Wikimedia Foundation -- the non-profit which supports the online encyclopaedia -- is seeking a judicial review of rules which could mean Wikipedia is subjected to the toughest duties required of websites under the act. Lead counsel Phil Bradley-Schmieg said it was "unfortunate that we must now defend the privacy and safety of Wikipedia's volunteer editors from flawed legislation." The government told the BBC it was committed to implementing the act but could not comment on ongoing legal proceedings. It's thought this is the first judicial review to be brought against the new online safety laws - albeit a narrow part of them - but experts say it may not be the last. "The Online Safety Act is vast in scope and incredibly complex," Ben Packer, a partner at law firm Linklaters, told the BBC. The law would inevitably have impacts on UK citizens' freedom of expression and other human rights, so as more of it comes into force "we can expect that more challenges may be forthcoming," he told the BBC.

Read more of this story at Slashdot.

msmash

Supermicro Hiccups On Hopper, Pulls $40 Billion Guidance For Fiscal 2026

4 weeks 2 days ago

Nvidia co-founder and chief executive officer Jensen Huang did not do his OEM and ODM partners, who are the company’s main route to bring the infrastructure underpinning GPU systems to market, any favors when he suggested its “Hopper” GPU platforms would be blown away by their “Blackwell” kickers. …

Supermicro Hiccups On Hopper, Pulls $40 Billion Guidance For Fiscal 2026 was written by Timothy Prickett Morgan at The Next Platform.

Timothy Prickett Morgan