March 2024 - cypherpunks - lists.cpunks.org

Gibson Dunn AI Leader On Weathering The AI Policy Blizzard
by Gunnar Larson 06 Mar '24

06 Mar '24

Gibson Dunn AI Leader On Weathering The AI Policy Blizzard <https://www.law360.com/delaware/articles/1803686?nl_pk=8f2e5a76-bb66-462b-a…> By Hannah Albarazi Like a mountaineer leading a team through a snowstorm, Gibson Dunn & Crutcher LLP's artificial intelligence co-chair Cassandra L. Gaedt-Sheckter is guiding companies developing and using artificial intelligence through a blizzard of new laws and regulations coming online in Europe and the U.S., saying that assessing AI risks is the North Star to mitigating them. Read full article » <https://www.law360.com/delaware/articles/1803686?nl_pk=8f2e5a76-bb66-462b-a…> | Save to favorites » <https://www.law360.com/delaware/articles/1803686?nl_pk=8f2e5a76-bb66-462b-a…>

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Splunk Investors Get Final OK For $30M Deal, $7.5M Atty Fees
by Gunnar Larson 06 Mar '24

06 Mar '24

Splunk Investors Get Final OK For $30M Deal, $7.5M Atty Fees <https://www.law360.com/capitalmarkets/articles/1809853?nl_pk=abe82add-2a33-…> By Sydney Price A California federal judge has granted final approval to a $30 million settlement, including $7.5 million in fees for class counsel, to resolve a securities class action accusing software company Splunk of lying about strategies it used to meet cash flow goals. Order attached | Read full article » <https://www.law360.com/capitalmarkets/articles/1809853?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1809853?nl_pk=abe82add-2a33-…>

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Judges Unsure On Atty Sanctions In Robinhood Spam Suit
by Gunnar Larson 06 Mar '24

06 Mar '24

Judges Unsure On Atty Sanctions In Robinhood Spam Suit <https://www.law360.com/capitalmarkets/articles/1810194?nl_pk=abe82add-2a33-…> By Greg Lamm Class counsel sanctioned $750,000 for helping instigate a spam text suit against Robinhood Financial likely engaged in "shenanigans," a Washington appeals judge said Tuesday, though a colleague on the bench questioned whether those sanctions should stick if Robinhood was nevertheless liable in the case. 2 documents attached | Read full article » <https://www.law360.com/capitalmarkets/articles/1810194?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1810194?nl_pk=abe82add-2a33-…>

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Meta Tells Chancery It Didn't 'Utterly Fail' To Stop Exploitation
by Gunnar Larson 06 Mar '24

06 Mar '24

Meta Tells Chancery It Didn't 'Utterly Fail' To Stop Exploitation <https://www.law360.com/delaware/articles/1773531?nl_pk=8f2e5a76-bb66-462b-a…> By Leslie A. Pappas Shareholders accusing Meta's leaders of "utterly failing" to eliminate pedophilia, human trafficking and child sexual exploitation on its social media platforms didn't ask enough about the company's efforts and haven't shown any "corporate trauma," an attorney for Meta's board told Delaware's Court of Chancery on Tuesday. Read full article » <https://www.law360.com/delaware/articles/1773531?nl_pk=8f2e5a76-bb66-462b-a…> | Save to favorites » <https://www.law360.com/delaware/articles/1773531?nl_pk=8f2e5a76-bb66-462b-a…>

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Your Freedom of Information Law ("FOIL") Request FOIL-2023-095358-021587 - Robinhood BitLicense Records Appeal - NY-DFS
by Gunnar Larson 06 Mar '24

06 Mar '24

FTX is not the biggest fraud in the history of the United States of America. Gunnar ---------- Forwarded message ---------- From: Gunnar Larson <g(a)xny.io> To: "Mazza, Stephanie (DFS)" <Stephanie.Mazza(a)dfs.ny.gov> Cc: "Reader, Shaun" <sreader(a)curtis.com>, letitia.james(a)ag.ny.gov, "Harris, Adrienne A (DFS)" <Adrienne.Harris(a)dfs.ny.gov>, Recordsaccessofficer(a)dfs.ny.gov, cypherpunks(a)cpunks.org Bcc: Date: Tue, 27 Feb 2024 06:43:23 -0500 Subject: Re: Your Freedom of Information Law ("FOIL") Request FOIL-2023-095358-021587 - Robinhood BitLicense Records Appeal - NY-DFS Ms. Mazza: The five day deadline has passed. This is very important particular to xNY.io - Bank.org's concern of a crypto RICO derrived out of the BitLicense. Ms. Mazza, when can xNY.io - Bank.org expect a response on the Robinhood records? NY-DFS' records response to Coinbase was extremely helpful. Have a great day. Thank you, Gunnar -- Gunnar Larson xNY.io | Bank.org MSc - Digital Currency MBA - Entrepreneurship and Innovation (ip) G(a)xNY.io +1-917-580-8053 New York, New York 10001 On Wed, Feb 21, 2024, 2:21 PM Gunnar Larson <g(a)xny.io> wrote: > In accordance with Public Officers Law § 89(4), xNY.io - Bank.org elects > to appeal this determination to withhold the Robinhood BitLicense Records. > > Turn this matter as we will, any side whatsoever appears to require > obstruction of justice. > > We further demand NY-DFS send xNY.io - Bank.org an update on the > aforementioned appeal within five (5) business days. > > Reserving all rights, xNY.io - Bank.org is seeking relevant relief in > California on Robinhood. > > Warm regards, > > Gunnar > > ---- > > SENT VIA EMAIL > Email: G(a)xny.io > February 21, 2024 > Mr. Gunnar Larson > xNY.io – Bank.org > 406 West 25th Street > New York, NY 10001 > Re: Freedom of Information Law (“FOIL”) Tracking No. 2023-095358 > Dear Mr. Larson, > I write in response to the FOIL request that you submitted to the New York > State Department of Financial Services > (“Department”), which has been assigned the above-referenced tracking > number and reads as follows: > Dear Madam or Sir: On August 2, 2022 the Superintendent of Financial > Services Adrienne A. Harris > announced that Robinhood Crypto, LLC (“RHC”) would pay a $30 million > penalty to New York State > for significant failures in the areas of bank secrecy act/anti-money > laundering (“BSA/AML”) > obligations and cybersecurity that resulted in violations of the > Department’s Virtual Currency > Regulation (23 NYCRR Part 200), Money Transmitter Regulation (3 NYCRR Part > 417), Transaction > Monitoring Regulation (23 NYCRR Part 504), and Cybersecurity Regulation > (23 NYCRR Part 500). > xNY.io - Bank.org would like to > 1. receive any and all records related to NY-DFS' investigation of > Robinhood Crypto. Including (but > not limited to) records concerning the bespoke Supervisory Agreement > Robinhood Crypto has with > the Department of Financial Services mentioned here: > https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202208021 > . > 2. In addition, xNY.io - Bank.org seeks any and all records concerning New > York's approach to > Robinhood Crypto and Goldman Sachs compliance programs mandated by the > United States > Department of Justice, Criminal Division, Fraud Section and Money > Laundering and Asset > Recovery Section mentioned here: > https://drive.google.com/file/d/1Yx88RMoeLyyfbNK0RtPl4r- > m8N21_1Sp/view?usp=drivesdk. > 3. Finally, xNY.io - Bank.org seeks records concerning New York's > regulatory approval of > Robinhood Crypto engaging a fine of $30M to implement heightened controls > and additional > procedures and policies relating to electronic surveillance and > investigation, due diligence on > transactions or clients and the use of third-party intermediaries across > business units; and enhancing > anti-corruption training for all management and relevant employees. > To the extent the request is reasonably described, the Department > construes the request as seeking the records, > correspondence, and work product exchanged between Robinhood and the > Department in accordance with the Department’s > August 1, 2022 Consent Order (“responsive records”). > The records that you seek relate to an ongoing Department investigation. > Accordingly, your request is denied > pursuant to Public Officers Law § 87(2)(e)(i) (the “law enforcement > exemption”), which excepts from disclosure records > that are compiled for law enforcement purposes and that, if disclosed, > would interfere with law enforcement investigations. > The purpose behind the law enforcement exemption is to protect an agency’s > investigative process from being compromised > by revealing the scope and nature of an agency's investigation before an > investigation is complete. See Matter of Pittari v. > Pirro, 258 A.D.2d 202 (2d Dep’t 1999). It also bears noting that the law > enforcement exemption applies to both civil and > criminal investigatory files. See Madeiros v. Dep’t of Educ., 30 N.Y.3d 67 > (2017). In this instance, releasing the requested > records would interfere with the Department’s investigative process. Thus, > the Department is not disclosing the records that > you request pursuant to Public Officers Law § 87(2)(e)(i). > Moreover, in addition to withholding the responsive records pursuant to > Public Officers Law § 87(2)(e)(i), the > Department also is withholding the responsive records pursuant to Public > Officers Law § 87(2)(a), which specifically > exempts from disclosure records exempted by a state or federal statute. > The applicable statutory provision is N.Y. Banking > Law (“Banking Law”) § 36(10), which states, in pertinent part, that > reports of examinations and investigations and > correspondence and memoranda concerning or arising out of such > examinations and investigations are confidential and shall > not be made public. The statute fosters open communication between the > Department and its regulated institutions, a > necessity for effective regulation of financial institutions, by ensuring > that records transmitted to the Department in > connection with its supervision of a financial institution are protected > from disclosure. > The responsive records that were transmitted between Robinhood and the > Department in connection with the > Department’s supervision of Robinhood as a licensed money transmitter > pursuant to New York Banking Law, constitute > correspondence and reports concerning and arising out of an investigation > and are, therefore, required to be kept confidential > and exempt from disclosure under Banking Law § 36(10). The expectation > that records transmitted to the Department will > remain confidential is essential to encouraging candor and open > communications between the Department, its regulated > entities, and the entities undergoing regulatory review that submit such > records. Release of such sensitive records, albeit > responsive records, may have a chilling effect on the willingness of > regulated entities to share information and cooperate > with supervisors to resolve issues, and thus confidentiality is critical > to the Department’s ability to perform its regulatory > mandate and purpose. Accordingly, the exemption set forth in Public > Officers Law § 87(2)(a) via Banking Law § 36(10) > covers the responsive records. > In accordance with Public Officers Law § 89(4), you may appeal this > determination to withhold the records within > 30 days by sending an email to FOIL.Appeals(a)dfs.ny.gov. > Very truly yours, > Stephanie Mazza > Associate Attorney > ---------- Forwarded message --------- > From: <Stephanie.Mazza(a)dfs.ny.gov> > Date: Wed, Feb 21, 2024, 1:26 PM > Subject: Your Freedom of Information Law ("FOIL") Request > FOIL-2023-095358-021587 > To: <G(a)xny.io> > > > Dear Mr. Larson: > > Attached please find the Department's determination regarding the > aforementioned FOIL request. Because your request has been answered, your > request is now closed. > > Tracking Number:FOIL-2023-095358-021587 >

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Secure key from bound entanglement
by pro2rat＠yahoo.com.au 06 Mar '24

06 Mar '24

Description We characterize the set of shared quantum states which contain a cryptographically private key. This allows us to recast the theory of privacy as a paradigm closely related to that used in entanglement manipulation. It is shown that one can distill an arbitrarily secure key from bound entangled states. There are also states that have less distillable private keys than the entanglement cost of the state. In general, the amount of distillable key is bounded from above by the relative entropy of entanglement. Relationships between distillability and distinguishability are found for a class of states which have Bell states correlated to separable hiding states. We also describe a technique for finding states exhibiting irreversibility in entanglement distillation. FROM https://scholar.google.co.uk/citations?view_op=view_citation&hl=en&user=ZsQ…

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Coinbase Asks Judge To Ignore SEC Win Over 'Empty Chair'
by Gunnar Larson 06 Mar '24

06 Mar '24

Coinbase Asks Judge To Ignore SEC Win Over 'Empty Chair' <https://www.law360.com/fintech/articles/1810306?nl_pk=d2b3e7ef-ab62-4a62-80…> By Aislinn Keely Coinbase on Tuesday told the New York federal judge who's refereeing a U.S. Securities and Exchange Commission enforcement action brought against the cryptocurrency exchange to disregard a default judgment in another SEC case that found certain crypto trades on public exchanges to be securities transactions. 3 documents attached | Read full article » <https://www.law360.com/fintech/articles/1810306?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/1810306?nl_pk=d2b3e7ef-ab62-4a62-80…>

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CryptoQueen's Brother Avoids More Prison For OneCoin Fraud
by Gunnar Larson 06 Mar '24

06 Mar '24

CryptoQueen's Brother Avoids More Prison For OneCoin Fraud <https://www.law360.com/newyork/articles/1810143?nl_pk=ac5a3855-e47c-4403-be…> By Pete Brush A Manhattan federal judge on Tuesday allowed the younger brother of fugitive OneCoin founder Ruja Ignatova to avoid additional prison time for his role in the $4 billion, global cryptocurrency scam, after he testified for the feds at a high-profile trial. 1 document attached | Read full article » <https://www.law360.com/newyork/articles/1810143?nl_pk=ac5a3855-e47c-4403-be…> | Save to favorites » <https://www.law360.com/newyork/articles/1810143?nl_pk=ac5a3855-e47c-4403-be…>

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Fwd: OpenAI Fires Back at Musk Allegations With Trove of Emails
by Gunnar Larson 06 Mar '24

06 Mar '24

What is this about? When you talk to voters across the country. We are setting this up for the coming months. Gunnar ---------- Forwarded message --------- From: Gunnar Larson <g(a)xny.io> Date: Wed, Mar 6, 2024, 3:42 AM Subject: OpenAI Fires Back at Musk Allegations With Trove of Emails To: <cypherpunks(a)cpunks.org> https://www.bloomberg.com/news/articles/2024-03-06/openai-responds-to-musk-… OpenAI fired back at a lawsuit filed against it by Elon Musk in a blog post Tuesday, using the billionaire’s own emails to show he backed the company’s plans to become a for-profit business and that he insisted it raise “billions” of dollars to be relevant compared with Google.

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Re: Anti War: Thread
by grarpamp 06 Mar '24

06 Mar '24

" Bad news for the West: Russia will spend $160 billion on defense and security in 2024 and the Russian Finance Minister calls it the victory budget. Russia pays 75% less for similar or better weapon systems compared to the US / NATO because Russia doesn’t allow its defense industry to rip them off. So any plane, missile, tank or artillery ammunition costs Russia only 25% of what the US is paying. This means that a $160 billion Russian military budget is comparable to $640 billion in the United States. It’s also worth noting that Russia doesn’t waste trillions on fancy Navy ships and fighter jets that don’t work. Instead it has focused on building the most powerful nuclear arsenal in the world, long range hypersonic missiles that can sink airplane carriers and autonomous nuclear powered torpedoes that travers the oceans without ever needing to refuel. They carry the largest nuclear warheads known to men and are nearly undetectable. Imagine the most powerful nuclear explosion on the shores of New York City generating a hundred meter tall tsunami of radioactive water destroying the entire city and turning it into an uninhabitable wasteland for centuries. In addition Russia has a fleet of Super EMP satellites in a high orbit above Earth with nuclear payloads. When detonated they can destroy the entire power grid and all civilian telecommunication systems in the US in an instant. The US military is used to fighting the least sophisticated enemies. It’s easy to bully any nation that doesn’t have peer capabilities. The US Govt killed over 20 million people in 37 victim nations since WW2 but it never bullied anyone who could destroy the United States, until now. Americans and citizens of NATO countries need to understand that the West cannot win against Russia on the battlefield. Every day without diplomacy and peace negotiations is bringing humanity closer to self-destruction. You already know that the Biden administration is the most inept and embarrassing Government America has ever had. Don’t let those arrogant, corrupt and incompetent fools destroy the world. Demand peace. Don’t wait until it’s too late. " General Mike Flynn @GenFlynn Jan 9 Americans need to stop thinking this will be a major regional war or as the military calls it a “major regional conflict.” We are in the initial stages of a much bigger, global conflict, and the conclusion & consequences are far greater than anyone can currently say. We simply don’t know how this will end…we just know things are not going in our favor principally due to those leading our nation. War is a failure of policy (and our U.S. foreign policy, globally, is a disaster), war is a failure of leadership at the highest levels (and man, have we seen a complete breakdown of leadership in the WH, the IC, at State, and most recently at DOD), and lastly, war is a racket. If you pray to a higher being, pray tonight and every night for the men and women serving in uniform, who willingly sacrifice for each one of us so we can sleep soundly at night. May God continue to bless and protect America 🦅🙏🏼🇺🇸

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