All posts tagged: Flagged

Tether Freezes 4 Million USDT Stablecoins Flagged For Illicit Activity

Tether Freezes $344 Million USDT Stablecoins Flagged For Illicit Activity

Published by Jenni Sidey

Tether froze more than $344 million in USDT across two Tron addresses on Thursday, in coordination with the US Treasury’s Office of Foreign Assets Control (OFAC), marking one of the stablecoin issuer’s largest compliance actions on record. While Tether did not name the network of the frozen funds, blockchain security firm PeckShield identified the blacklisted addresses as TNiq9…QZH81 and TTiDL…pjSr9, holding approximately $213 million and $131 million respectively. The action comes weeks after the $285 million Drift Protocol exploit; an incident that put the entire stablecoin industry under public scrutiny and drove hard questions about issuer’s crisis responses. Tether addressed the incident by proposing a $127.5 million recovery contribution.  “USDT is not a safe haven for illicit activity,” said Tether CEO Paolo Ardoino, in a statement. “When credible links to sanctioned entities or criminal networks are identified, we act immediately and decisively. Recent events have shown what happens when platforms fail to move quickly, enforcement breaks down, users are exposed, and trust erodes.” “Our approach is different,” he continued. “We combine blockchain transparency with real-time …

The IRS Wants Smarter Audits. Palantir Could Help Decide Who Gets Flagged

The IRS Wants Smarter Audits. Palantir Could Help Decide Who Gets Flagged

Published by skeptic

The Internal Revenue Service paid Palantir $1.8 million last year to improve a custom tool designed to help the tax agency identify the “highest-value” cases for audits, collection of unpaid taxes, and potential criminal investigations, according to documents WIRED obtained via public record request. When the contract was signed, the IRS said it was using “more than 100 business systems and 700 methods,” built over the course of “decades” to select cases in which people may have incorrectly reported their taxes or owe the IRS money. As identifying potential tax discrepancies became more complex, the agency said its systems grew increasingly inefficient, and it needed to find a solution. “This fragmented landscape can lead to a number of undesirable outcomes including but not limited to duplication of effort and cost, poor understanding of gaps in the coverage, and suboptimal case selection,” the IRS wrote in a document obtained by WIRED outlining the scope of the contract. The custom tool that Palantir built to address the problem, dubbed the “Selection and Analytic Platform,” or SNAP, is …

OpenAI Flagged a Mass Shooter’s Troubling Conversations With ChatGPT Before the Incident, Decided Not to Warn Police

OpenAI Flagged a Mass Shooter’s Troubling Conversations With ChatGPT Before the Incident, Decided Not to Warn Police

Published by José Betancourt

Paige Taylor White / AFP via Getty Images) A grim scoop from the Wall Street Journal: an automated review system at OpenAI flagged disturbing conversations that a future mass shooter was having with the company’s flagship AI ChatGPT — but, despite being urged by employees at the company to warn law enforcement, OpenAI leadership opted not to. The 18-year-old Jesse Van Rootselaar ultimately killed eight people including herself and injured 25 more in British Columbia earlier this month, in a tragedy that shook Canada and the world. What we didn’t know until today is that employees at OpenAI had already been aware of Van Rootselaar for months, and had debated alerting authorities because of the alarming nature of her conversations with ChatGPT. In the conversations with OpenAI’s chatbot, according to sources at the company who spoke to the WSJ, Van Rootselaar “described scenarios involving gun violence.” The sources say they recommended that the company warn authorities local authorities, but that leadership at the company decided against it. An OpenAI spokesperson didn’t dispute those claims, telling …