Businesses

OpenAI Files For IPO (cnn.com) 23

OpenAI has confidentially filed for an IPO, "setting it up for what may be the most highly anticipated market debut in recent history and a massive payday for early investors," reports CNN. The decision follows recent IPO announcements from Anthropic and SpaceX. From the report: OpenAI said it has not decided on timing yet. And because the filing is confidential, it's not yet clear how many shares the company plans to sell or at what price. "It may be a while because there are things we want to do that are likely easier as a private company," it said in a post on its newsroom page. But the company said the filing "gives us the option to go public sooner if that ends up being best."

The transition to a public company will give Wall Street a window into OpenAI's finances as the company pours billions into AI infrastructure and computing resources. Investors dumped tech stocks last week as they questioned whether a recent run-up in those shares had gone too far. OpenAI was last valued at $852 billion after raising $122 billion in March, but it's faced pressure to demonstrate it can generate the cash to match that valuation.

Privacy

Meta Deletes Face-Recognition System From Its Smart Glasses App (wired.com) 8

Last Thursday, Wired reported that Meta had quietly embedded an unreleased facial recognition system called NameTag into software installed on millions of phones. In a follow-up report, Wired says the tech giant has now removed the face-recognition-related code, while saying "no final decision" has been made about whether the feature will launch. From the report: On Thursday, WIRED reported that Meta had quietly integrated substantial portions of the NameTag system into the Meta AI app. Though never publicly enabled, the feature was designed to convert faces captured by the glasses into unique biometric signatures, commonly known as faceprints, and compare them against a database of faceprints stored on the user's device. WIRED also found that faces the system failed to recognize were cropped, indexed, and stored locally for future processing.

NameTag first surfaced in February, when The New York Times, citing internal Meta documents, reported that the company was developing face recognition for its smart glasses and weighing a launch as soon as this year. One memo reportedly described releasing it during a "dynamic political environment," when privacy and civil liberties advocates would be distracted. Last week, WIRED reported that much of NameTag's machinery was already built into the Meta AI app, downloaded by millions of users, as early as January, even as Meta publicly said it had made no final decision about face recognition. After WIRED's report, Stone dismissed the findings, writing that the company couldn't answer questions about how the system would work because "the feature does not exist." Andrew Bosworth, Meta's chief technology officer, called the reporting "incredibly misleading" and "absolutely dishonest."

[...] The newly released version of Meta AI removes nearly all traces of the feature Meta said did not yet exist. Gone is the face-recognition software itself, along with the code that ran the NameTag recognition process and the "Person recognized" alert the app would have shown if someone were identified. The update also strips out a folder where the app would have stored the cropped images and biometric signatures of faces it captured but could not identify. [...] A few fragments of the NameTag system remain in the version of latest Meta AI, including an internal debug menu label and a dormant link meant to open a recognized person's profile. The leftover code points to parts of the system that are no longer there.

AI

Apple Announces Siri AI, Next Generation of Apple Intelligence (macrumors.com) 22

At WWDC 2026, Apple announced a new "Siri AI," describing it as a more conversational, personalized, and systemwide assistant that can understand on-screen context and interact with apps while relying on on-device processing or Private Cloud Compute. The relaunch comes two years after Apple's original Apple Intelligence promises stumbled and "never fully materialized," reports The Verge. MacRumors reports: Siri is now embedded directly in the Dynamic Island, accessible by swiping down from it, pressing the side button, or saying "Hey Siri." A revamped voice engine makes the assistant sound more expressive, with micro-adjustable voice settings available during initial setup.

During Apple's keynote demo, presenters showed Siri handling chained, multi-step requests with apparent ease. In one sequence, a presenter asked about a Suki Waterhouse concert, was told tickets require a lottery entry, and asked Siri to set a reminder when the lottery opens, which it did. In another, the assistant identified a photo's landmark, pulled up navigation to that location, and surfaced photos from a recent family trip, adding a specific image to a shared family album on request.

Another demo showcased Siri's ability to synthesize information across apps. A presenter asked about a dessert he had heard about at an event, and Siri located the relevant details from his Messages history. It then compiled the information into a watch-party menu, drafted a message to his contacts with the menu included, and presented send and edit options. In a further demo, a presenter asked about something his son had shared in a message and followed it up by asking Siri to compose an email on the subject.

A new dedicated Siri app lets users scroll back through prior conversations and kick off new ones, with conversation history synced via iCloud so sessions carry seamlessly between devices. The app is also coming to watchOS. On the Mac, Siri is now also integrated into Spotlight and available via right-click context menus on any file or window. On visionOS, Siri AI gains a 3D visualization that users can place anywhere in their space.

Security

WhatsApp Catches Spyware Firm NSO Defying No-Hacking Court Order (securityweek.com) 21

wiredmikey shares a report from SecurityWeek: Meta-owned communications app WhatsApp says it recently detected and disrupted a spear-phishing attempt linked to spyware company NSO Group. The attack is allegedly in defiance of a court order that bars the spyware maker from targeting WhatsApp. WhatsApp filed a lawsuit against NSO in 2019, after it came to light that a zero-day vulnerability had been exploited to deliver spyware to users. [...] NSO has been seeking to overturn the order blocking it from targeting WhatsApp users, arguing that the company will "suffer irreparable harm."

According to WhatsApp, the spyware maker has violated the permanent injunction. The messaging app reported on Monday that it had recently learned of a social engineering attack that attempted to trick users into clicking on malicious links. WhatsApp has only shared a few domains as an indicator of compromise (IoC), but says it was able to link the attack to NSO, pointing to similarities to previously reported one-click phishing campaigns tied to the spyware company. WhatsApp says it also caught the attackers creating test accounts and groups. Those accounts and groups have been disabled, but further action is also being taken.
WhatsApp says it is asking a federal court to hold NSO in contempt for allegedly violating a permanent injunction barring it from targeting WhatsApp and its users. The company also said it is making a "significant contribution" to the Spyware Accountability Initiative, a fund aimed at exposing and stopping spyware abuse.
Businesses

Italy's Bending Spoons, Owner of AOL and Vimeo, Files For Nasdaq IPO (techcrunch.com) 21

Bending Spoons, the Italian app studio behind acquisitions like Eventbrite, Vimeo, WeTransfer, Evernote, and AOL, has filed to go public in the U.S. after growing into a subscription-heavy app conglomerate with more than 500 million monthly active users. TechCrunch reports: In its filing with the Securities and Exchange Commission, Bending Spoons said it ended the year with $1.31 billion in revenue and has generated $601 million in Q1, a 132% year-on-year jump. The company gets the majority of its revenue from subscriptions, which account for 84% of its business. It generated $27.4 million in profit in Q1 2026. The company raised funding at an $11 billion valuation last year, up from $2.8 billion in 2024. In April, Reuters reported that the company could seek a $20 billion valuation with the IPO.
Crime

A San Francisco Burglar Escaped in a Robotaxi - and Police Still Can't Find Him (sfchronicle.com) 53

A burglar took a self-driving Waymo taxi to rob a San Francisco yoga studio this past January, reports TechCrunch — "and police have still not caught them."

Even the police officer assigned to the case thought it would be easier to solve, notes The San Francisco Chronicle, since Waymos are outfitted with multiple high-definition cameras and require users to make accounts with their credit card numbers: It's common for officers to seek video footage of a crime from any of the Waymos, Teslas and other high-tech vehicles that record their surroundings. That information can be crucial for identifying suspects or creating a reliable timeline of events. At times, police will go so far as to obtain search warrants to tow the vehicle "witnesses" to ensure they don't lose valuable video evidence. In the Hot 8 Yoga burglary case, San Francisco police issued a search warrant that forced Waymo to turn over information on the account that ordered the ride and video footage from the white Jaguar that served as the getaway car, police records show.

Faye said that he couldn't discuss certain details of the case, but that the Waymo user's account information didn't lead police to the suspect. In general, he said, it's not unusual for a criminal to order a service with stolen information or a burner phone. The video evidence didn't help much either, Faye said. He said that the company had not retained interior footage of the car by the time the search warrant was filed in April and that it had kept the faces seen outside the car blurred for privacy reasons... Waymo does not publicly disclose how long it retains video footage. The company blurs faces and license plates in the public-facing images it uses in a database designed for research....

Last year in Los Angeles, a person allegedly robbed a grocery store before hopping in a Waymo. Officers were able to chase down the vehicle after the suspect got inside, and the car pulled itself over after police turned on the car's emergency lights, according to Los Angeles-area news outlets.

"Farah Issa, studio manager of Hot 8 Yoga, showed the Chronicle a copy of the surveillance video from her phone, noting how the Waymo dropped off the suspect and waited for him to finish the burglary before taking off again."
Facebook

Black Market Tinkerers on Facebook Marketplace Offer to Hide 'Recording Lights' on Meta Smartglasses (thenewthings.com) 89

People are disabling the "recording light" on Meta's Ray-Ban smartglasses — "by my count, thousands of people," says tech journalist Joanna Stern in a new video report: STERN: "They're hiring people on Facebook Marketplace to drill out the light for as much as $100. According to our reporting, folks are offering this service in at least 30 states — despite Meta's attempts to stop it... In most states, we found multiple listings. In the New York and New Jersey area alone there were 23 listings."
Stern watched a man in New Jersey disable and then conceal the light with a drill and dental probe in a New Jersey garage (a skill he learned watching YouTube and TikTok videos). He said the same day he'd already been contacted by eight more interested customers, and Stern also found at least 10 other people willing to do the same thing, just in New Jersey. "But what we found is they're all over the country."

Meta sold 7 million smartglasses in 2025, but a Meta spokesperson insisted to the videomaker that a "majority" of their smartglasses owners aren't blocking the recording light. And furthermore, they added "We aggressively target anyone advertising tampering tools, have removed thousands of violating ads and Marketplace listings for these services, and pursue legal action when appropriate." (The reporter acknowledges "many" of the Marketplace ads disappeared after they brought them to Meta's attention — and Meta also said they were working with other retailers and sellers to take down listings for smartglasses-tampering parts.)

The reporter also heard from one journalist who said they'd used it so they could record the activities of federal immigration agents without being targeted. "Others told me they just don't want people asking questions when they're recording." (There's video of one young man saying "It's already difficult enough to film in public. I don't want to have a blinking light on my face.")

Tampering with smartglasses isn't illegal — though it is against Meta's Terms of Service, and could void your warranty. But a lawyer in the report says recording others without consent may be illegal, depending on a wide range of "jurisdictional nuances" like whether you live in an all-party consent state or a one-party consent state. "This seems to be our new reality," the report concludes: "more cameras, more microphones everywhere, and less certainty about who and what is recording." (Tech blogger John Gruber offered this assessment. "Using a Meta platform to find people to hack a Meta device so you can surreptitiously record strangers. So perfectly Meta.")

Stern's report points out that "People are trying to fight back. Apps have popped up that use Bluetooth to scan for nearby camera glasses." (In the video one app-maker wonders why Meta isn't offering the same service themselves. "There are technical solutions to these problems.")

Ironically, when I watched the report on YouTube, it was preceded by... an ad for Meta's Ray-Ban AI smartglasses.
Stats

New Fortune 500 Rankings: Texas Overtakes California, But Amazon is #1, Beating Walmart (yahoo.com) 38

"Texas has dethroned California as the state with the most Fortune 500 companies," reports the Los Angeles Times: The Fortune 500 list ranks the largest U.S. companies by revenue. This year, 57 of the top companies are headquartered in Texas, compared with California's 56. It's a reversal from two years ago when the Golden State had the pole position...

California's corporate haters say they try to avoid the state's high costs, income taxes and strict regulations, but the western state is still a top money maker. "California dominates on nearly every other measure: its Fortune 500 companies are the most profitable ($647 billion), most valuable ($20 trillion), and employ more people than any other state (2.8 million workers)," Fortune said in a news release. Indeed, despite the naysayers, Californian companies have been leading the world in developing artificial intelligence technology as well as the latest in space and defense tech. The state is home to nearly 400 "unicorns," or billion-dollar startups — more than any other state, according to CB Insights. It also gobbled up nearly two-thirds of U.S. venture capital last year, with San Francisco Bay Area startups such as OpenAI leading the way, according to the business information platform Crunchbase.

Texas and California have been in a tug-of-war for the crown. In 2024, after a decade, California bagged the top spot with 57 companies on the list, while Texas and New York tied in second with 52 companies each... The fourth spot was tied between Illinois and Ohio, with 29 companies each.

Amazon was the top company on the list, ending Walmart's 13-year reign at the top of the annual Fortune 500 companies list. Amazon's 2025 revenue was $716.9 billion, compared with Walmart's $713.2 billion. Seattle-headquartered Amazon joined Exxon Mobil, General Motors, and Walmart as the only four companies to have ever held the top position since Fortune began publishing the data in 1955.

First Person Shooters (Games)

James Bond Videogame '007 First Light' Sells 3M Copies, Earns $150M (ign.com) 20

The new James Bond-themed videogame 007 First Light had a budget of 1.3 billion Danish krone — a little more than USD $202 million, reports IGN, citing a report from Denmark's public service broadcaster. "Denmark's TV 2 said that makes 007 First Light the most expensive entertainment product in the country's history" — and the game "still has some way to go before breaking even." 007 First Light is estimated to have sold 2.2 million copies, generating $150 million in revenue... [Saturday IGM reported sales had jumped to 3 million copies.] The only official sales data we have comes from developer IO Interactive, which said that 007 First Light had become the fastest-selling game in the company's history, shifting 1.5 million copies in its first 24 hours... The impressive sales milestone was achieved without the aid of the Nintendo Switch 2 version, which is due out this summer. The James Bond adventure is also the highest rated IOI game ever, with an 87 on Metacritic...

The developer has said it wants to make a trilogy of James Bond games.

Game-tracking company Alinea Analytics tweeted their estimates that 55.1% of sales were on PS5, 33.1% on Steam, and 11.8% on Xbox (Xbox console, Windows, and cloud combined).

And Polygon reports that new downloadable game content was announced Friday.
Books

'Steve Jobs In Exile' Remembers the Birth of the Web and 'Making Unix Taste Sweet' (arstechnica.com) 33

Ars Technica shares some anecdotes from Steve Jobs in Exile, a new book released last month: [Author Geoffrey] Cain reminds us, in stunning detail, that Jobs' "exile" era at NeXT was not only critical to his evolution as a man and an entrepreneur, but that it mattered for the rest of us, too. The technological innovations that came out of NeXT — notably, the NeXTSTEP OS — continue to live on in what we now call both macOS and iOS. As Cain puts it, "NeXTSTEP was Steve's attempt to make Unix taste sweet...."

[W]hile many tech nerds know that Tim Berners-Lee created the first World Wide Web server on a NeXT machine while working in Switzerland in 1990, few know that NeXT employees were wary of bringing the news to Jobs. Why? They feared his wrath "and that he would dismiss [the web] as 'shit.'" (In another timeline, NeXT might itself have capitalized on this world-changing innovation....)

Perhaps one of the wildest anecdotes that Cain uncovered was how one voicemail changed computer history forever. In 1996, when Apple was solidly in its mediocre Performa era — and considering buying BeOS as the basis for its new operating system — a mid-level NeXT product manager asked aloud, "Why don't we just frickin' call Apple?" (NeXT was also struggling during this period.) And so someone did. As Cain writes:

Garrett left the group of managers, walked back to his office, and took a risk. He picked up his designer phone and called the head of software at Apple. He left what he described as "one of my more inspired sales pitches" on the man's voicemail, explaining why Apple should be looking at NeXT instead of Be... In any other universe, Garrett's call might have gotten him fired. But in this timeline, it worked out. And thanks to him, Steve [Jobs] was about to enter Apple's airspace once again.

Thanks to long-time Slashdot reader destinyland for sharing the article.
Biotech

Scientists Edited Human Embryo Genes. But Questions Remain (msn.com) 33

"A DNA-editing feat involving editing the genes of early stage embryos was announced this week," reports the Wall Street Journal.

They describe the feat as "a far cry from designer babies, but nevertheless a step in that direction." Dieter Egli, an associate professor of developmental cell biology at Columbia University and his co-authors, including Nathan Treff of Nucleus Genomics, a New York-based DNA-testing startup, say the technology could help fix disease-causing mutations in embryos. "We're not throwing the final 'OK, you will have gene-edited babies tomorrow' at the public," said Egli. "That is a process that can occur through discussion matched with scientific progress...."

Previous gene-editing efforts have often used Crispr, which can cut out parts of the DNA sequence, but the technology can also cause damage if the wrong DNA is targeted or cut out. In 2018, Chinese scientist He Jianku said he used Crispr to tweak DNA in human embryos and was imprisoned for the work. The technology Egli's group used, called base editing, allows them to target individual DNA letters in sequences more precisely with fewer adverse effects... Egli's group focused on altering two genes, one that can raise the risk of heart disease and one that is tied to blood disorders like sickle cell disease, and the research showed they were sometimes able to do so successfully, in the same embryo, without damage.

"I am generally supportive of the concept of embryo editing to prevent genetic disease," said Dr. Paula Amato, a fertility expert at Oregon Health & Science University who wasn't involved in the research... Base editing has been used in human embryos before, according to peer-reviewed studies. The technology was used to correct a disease-causing mutation and an Alzheimer's disease-risk gene variant, said Alexis Komor, associate professor of biochemistry and molecular biophysics at the University of California, San Diego, who wasn't involved in the work. "There really is not any unmet medical or clinical need for this, especially from an in vitro fertilization perspective," Komor said. "Usually what you'll hear is that they're doing it just so that you know we can prevent genetic diseases, but there are so many other better ways to do that."

Using embryo editing to create babies is illegal in the U.S. and many other countries. Scientists have long worried that it is a slippery slope and that the technology could ultimately be used to promote eugenics. Her worry is that "they're basically building a blueprint" for more ethically problematic forms of embryo editing. "In my opinion, I think this is a huge no-no," Komor said. "There's just no ethical way to use this...."

Nucleus Genomics Chief Executive Kian Sadeghi said his company plans to fund Egli's further research, building on the new findings. His company sells a polygenic embryo-screening product, which screens prospective parents' embryos and produces risk scores for their likelihood of developing disease, as well as factors like height, IQ and eye color. The company has said the IQ predictions are limited in accuracy.

The research was published online Monday on a preprint server.
EU

EU's Tech Sovereignty Package Includes 29 Pages on Open Source, Says Open Source Initiative (opensource.org) 17

Friday the Open Source Initiative welcomed the EU's new tech sovereignty package, noting that "over a third of the 29-page document is devoted to Open Source."

The nonprofit OSI — maintainers of the Open Source definition — submitted their official feedback in February, and notes that "many" of their key requests were addressed, "as well as some exciting new announcements!" One of the biggest barriers to Open Source adoption has been public procurement. Too often, tenders have been designed around proprietary solutions, ignoring the benefits of Open Source and locking public institutions into closed ecosystems. The OSI called for procurement rules that prioritize interoperability, reusability, and vendor independence. The package takes a major step forward in this area. The EU pledges to make the public sector an anchor consumer for Open Source solutions. The Commission plans to reform procurement rules to remove barriers for Open Source, provide better guidance to EU countries on procurement criteria to avoid excluding Open Source, and uphold the "public money, public code" principle when procuring software development. Both proposals align with the OSI's feedback. The next critical step is the EU's public procurement law reform. The OSI will continue advocating to ensure these pledges translate into action.

Beyond procurement, the OSI highlighted challenges faced by Open Source communities in Europe, particularly difficulties accessing investment and expertise to commercialize and scale projects. The Commission has responded by committing to ensure Open Source companies are considered for funding under the European Competitiveness Fund (ECF). It also plans to create "Open Source business accelerators" that will offer mentorship, training, legal and licensing consulting, and business development support, including marketing. Additionally, the Commission will work to raise industry awareness of Open Source solutions by leveraging the EU's existing business support networks. These measures directly address the OSI's concerns and could significantly boost the Open Source ecosystem in Europe...

[I]n our feedback, we called for the continuation of the Next Generation Internet (NGI) initiative that has funded many Open Source projects, and for the creation of a European Sovereign Tech Fund to fund ongoing maintenance and features development to meet the EU's needs. We also highlighted the need to mainstream Open Source in other funding opportunities (like the €100bn+ Horizon Europe programme). The Commission's strategy addresses these requests. The NGI will be scaled up under the new name "Open Internet Stack." A new Open Source Maintenance Instrument will fund the "maintenance and security upkeep of essential components." The Commission will also create a list of critical and security-relevant Open Source dependencies to inform funding decisions and promote Open Source solutions as the default approach in Horizon Europe funding.

Friday's announcement from the Open Source Initiative notes that the EU is already leading by example in Open Source adoption. It applauds the EU for "deploying a Matrix-based communications system and the openDesk collaboration environment internally, trialing an alternative operating system to replace Windows, which is currently widely used in EU institutions, and expanding its presence on the Fediverse, with Commissioners and key departments already joining the EU's Mastodon server.'
Social Networks

Teen Social Media Bans Risk Strengthening Big Tech's Dominance, Warns Bluesky Exec (cnbc.com) 35

Bluesky's chief operating officer believes teen social media bans "risk entrenching Big Tech's dominance," reports CNBC: Rose Wang, Bluesky's chief operating officer, told CNBC on the sidelines of SXSW in London on Wednesday that the smaller open-source platform isn't opposed to regulation but that smaller players in the industry should be protected. "I support the protection and the safety of youth... The question that we have then is at what cost? Because essentially what I'm scared of is in the long term, we're headed to a world where there's about three to five platforms, and extreme heavy regulation of those platforms...

"Basically the whole compliance teams of these platforms are 10 times the size of our entire team," Wang said. "So, basically, we're living in a world where it's almost impossible for smaller entrants to come in and build healthier spaces."

The article notes Bluesky had grown to 43 million users as of March, "which is still only around 10% of X's estimated 450 million users. Bluesky has struggled to maintain popularity, and by the end of October last year, it had reportedly seen a 40% drop in daily mobile active users over the past 12 months."
The Courts

Utah Residents Sue Officials Over Kevin O'Leary Data Center Plan (nbcnews.com) 23

Utah residents and a progressive nonprofit are suing officials over Kevin O'Leary's planned Stratos Project AI data center, arguing that the special authority overseeing it gives unelected officials too much control over land use, taxation, public health, and local governance. The lawsuit comes as O'Leary has agreed to shrink the proposed 40,000-acre project by 75% amid mounting political and community pushback. NBC News reports: The lawsuit was filed Wednesday in Utah's 3rd District Court by the Alliance for a Better Utah and the group of anonymous residents. The plaintiffs hope to challenge the constitutionality of the Military Installation Development Authority (MIDA) -- a special entity that oversees the data center's proposal -- and its approval of the project, a spokesperson for the nonprofit said. Attorney David Irvine, who is representing the plaintiffs, alleges that MIDA is exercising powers as an unelected body that "the Utah Constitution never authorized." "Under the Stratos plan, it would hold permanent, irrevocable control over public health, safety, taxation, and land use across tens of thousands of acres of Box Elder County, with no voter recourse," he said in a statement.

The lawsuit alleges that allowing MIDA to oversee the data center's development "irrevocably" cuts off Box Elder County citizens' rights by not allowing sufficient public input in the project. "The Stratos Project Area Plan, and actions taken by MIDA and the Commission to enact the same, puts lawmaking power respecting questions of public health, safety, welfare, morals, taxation, zoning, land use, and the like, in relation to a significant swath of county territory in a non-elected MIDA Board," the complaint reads.

In addition to MIDA and the Box Elder County Commission, the lawsuit names Utah Senate President J. Stuart Adams and state Sen. Jerry Stevenson, who also serve as MIDA board members. Irvine said Adams and Stevenson's presence on the MIDA board as active legislators "appears to violate the prohibition on holding more than one office of public trust simultaneously," and claimed this should render the data center's approval "null and void."

Bitcoin

Bitcoin Falls To $60,000 As Zcash Bug Rocks Crypto (coindesk.com) 47

Bitcoin briefly fell below $60,000 on Friday, "extending its weekly loss to nearly 20% and threatening to fall below $59,000," reports CoinDesk. Crypto was also hit by a 40%-plus plunge in Zcash after Shielded Labs disclosed a years-old bug that could have allowed undetected counterfeit ZEC creation. From the report: Now, with stocks in plunge mode -- the Nasdaq down nearly 4% on Friday -- bitcoin finds itself perfectly correlated. "Short term, Bitcoin feels like swallowing broken glass," wrote Jeff Swanson Friday. "The chart goes up. It goes down. It makes grown men cry into their Robinhood accounts and CNBC anchors smugly declare the funeral, for the eleventh time." "Here's what uncomfortable people don't understand: the discomfort is the yield. Every paper-handed panic seller is handing their future to someone with a longer time horizon and a colder storage device."

[...] Earlier, Shielded Labs, a nonprofit developer on the privacy token system, disclosed a critical vulnerability in Zcash's (ZEC) Orchard privacy pool that could have threatened the integrity of the token's supply. The vulnerability, if exploited, could have allowed an attacker to create an unlimited number of counterfeit ZEC tokens, completely undetected. "Think of it as someone secretly gaining access to the Federal Reserve's dollar printing press, except in this case, even the Fed wouldn't be able to tell these extra dollars were printed," wrote Omkar Godbole. Importantly, the vulnerability was discovered with help from Anthropic's recently released Opus 4.8 AI model, raising difficult questions for the entire crypto industry. More to come on that. ZEC is now down 42% over the past 24 hours.
On Wednesday, the Zcash Foundation said: "The vulnerability was caught before any known exploitation occurred. There is no evidence of unauthorized value creation. Zcash's turnstile mechanism (which tracks the total ZEC balance across all value pools) confirmed that the total supply remained intact throughout. User privacy was not affected. Sapling and transparent transactions continued operating normally throughout the incident."

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