Nishad Singh, a co-founder of collapsed cryptocurrency exchange FTX, has pleaded guilty to US federal fraud and conspiracy charges. Singh, who was FTX's director of engineering, is the third member of Sam Bankman-Fried's inner circle to agree to cooperate with prosecutors in the case against him. Former executives Caroline Ellison and Zixiao "Gary" Wang previously pleaded guilty to fraud charges.

Singh pleaded guilty to six criminal counts, including wire fraud and conspiracy to defraud the US by violating campaign finance laws. He agreed to forfeit the proceeds of his actions, as Reuters reports. Bankruptcy filings showed that Singh received a $543 million loan from Alameda.

Singh admitted to making illegal donations to political candidates and PACs under his name using funds from Alameda Research (FTX's sibling hedge fund and crypto trading firm). He claimed the donations were intended to bolster the political influence of FTX and Bankman-Fried (aka SBF), according to The Wall Street Journal. Singh added that he agreed with the stances of those he donated to but didn't pick the candidates. Per OpenSecrets, he contributed $8 million to Democratic PACs and campaigns during the 2022 election cycle.

Moreover, Singh said he found out in mid-2022 that Alameda was borrowing billions of dollars in customer funds from FTX. It emerged by September that Alameda wasn't able to repay those funds. Singh additionally claimed that he falsified FTX’s revenues at SBF's behest to make the company more palatable to investors.

SBF now faces 12 criminal charges after an indictment detailing four additional ones was unsealed last week. Among other things, he has been accused of stealing billions of dollars in FTX customer funds and misleading investors and lenders. Notably, in light of Singh's plea, the charges include alleged violations of federal campaign finance laws by donating to a super PAC under the names of two executives. SBF, who was arrested and extradited from the Bahamas in December, has pleaded not guilty to the charges. His trial is set for October.

On the same day Singh made his guilty plea, the Securities and Exchange Commission and Commodity Futures Trading Commission filed civil complaints against him. The agencies said Singh is cooperating with the SEC's ongoing investigation and that he agreed to settle with the CFTC.

Meta is taking further action as part of its long-running promise to combat sextortion and other forms of child sexual abuse material (CSAM). The company has revealed that Facebook and Instagram are founding members of Take It Down, an initiative from the National Center for Missing and Exploited Children (NCMEC) that helps young people and their parents remove intimate photos posted online. The system relies on locally stored photos, but theoretically protects privacy.

Instead of sharing the photos themselves, concerned users visit Take It Down to upload generated hashes. If Facebook, Instagram and other program members spot those hashes elsewhere, they can pull and block the content so it won't proliferate. Meta notes that this isn't just for those under 18, either. Parents can act on a child's behalf, and adults can scrub images taken of them when they were younger. The NCMEC warns that platforms may have "limited capabilities" to remove content that's already online, but this could still help mitigate or undo the damage from unwanted sharing. We've asked Meta for clarification.

Meta announced its anti-sextortion plans in November as part of a broader crackdown against "suspicious" adults messaging teens. The project is a follow-up to the StopNCII technology the company developed to fight revenge porn, and shares a similar implementation. This is the latest in a string of efforts to protect teens on Meta's social networks. The company already limits sensitive content for teen Instagram users and restricts ads targeting young audiences, for instance.

The action isn't entirely voluntary. Meta is under pressure from state attorneys general and other government bodies to show that it protects teens, particularly in light of whistleblower Frances Haugen's accusations that the firm downplayed research into Instagram's effects on mental health. The new takedown platform may lift some of that pressure even as it gives abuse survivors more control over their online presence.

FTX co-creator Sam Bankman-Fried (aka SBF) is now dealing with four new charges over the collapse of his crypto exchange. A newly unsealed indictment in a New York federal court accuses SBF of fraudulent activity through both FTX and a linked hedge fund. The co-founder also allegedly violated federal campaign finance laws by making secret political donations using the names of two executives.

The expanded charges now include 12 counts. A source speaking to CNBC claims the additional allegations could lead to an additional 40 years in prison if SBF is convincted.

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Tesla workers at the company's Buffalo Gigafactory have filed a complaint with the National Labor Relations Board (NLRB) accusing Twitter of "shadowbanning" their newly made union account, according to Vice News. The group announced their intention to unionize on February 14th — they even posted a public statement on Twitter about "seeking a voice on the job." However, the group's tweets stopped appearing in search results by the next day, indicating that their account had been shadowbanned. 

"In February 2023, immediately following workers announcing a union campaign at the Tesla Gigafactory 2 facility, the above-named employer, through CEO Elon Musk and/or his agents and representatives, caused the Union's Twitter account (@united_tesla) to be shadow banned from the Twitter platform," The group said in an NLRB filing made by Workers United, the union backing the campaign. 

We've confirmed that when you do a search for "united_tesla" or "TeslaWorkersUnited," the results don't include any tweets posted by the account itself. Usually, searching for a user would surface their tweets, but when you use those search terms, you'll only see results tagging the group or mentioning their name. A group spokesperson told Vice News that they ran a shadowban test and found that their account "had been 'search suggestion banned' on the one platform [their] employer owns."

Tesla chief Elon Musk, who purchased Twitter for $44 billion last year, is known to be a staunch union critic. In 2018, he tweeted that there was nothing stopping Tesla workers from joining a union in response to someone asking about reports that the company had anti-union management. However, he also asked: "[W]hy pay union dues [and] give up stock options for nothing[?]" The NLRB ruled that the tweet violated labor laws, deeming it as a threat that employees would be giving up company-paid stock options if they unionize. It also asked Musk to delete his tweet, which he has yet to do, as Tesla is currently appealing the labor board's decision.

The workers behind this particular campaign are in charge of labeling data from Tesla's Autopilot technology. They previously told Bloomberg that they're asking the company not just for better pay, but also for better working conditions. The workers said Tesla monitors their keystrokes to determine how much time they spend on each task, and that they've had to skip bathroom breaks as a result. They also accused the company of illegally terminating employees "in retaliation for... and to discourage union activity."

In a blog post, Tesla said that was a "false allegation" and that the terminated Autopilot employees were low performers. It said the company conducts performance reviews every six months and that the affected workers didn't "demonstrate sufficient improvement" despite the feedback they received. Further, the company said that it identified the employees it was going to fire back on February 3rd, long before the group announced that they were seeking to unionize. The automaker also said that it only implements time monitoring "to calculate how long it takes to label an image," so "there is nothing to be gained by delaying bathroom breaks."

The FBI is dealing with another attack on its digital infrastructure, although the severity isn't yet clear. The law enforcement agency tellsCNN it has "contained" a recent cybersecurity incident on its network. The bureau isn't commenting on the perpetrator, scope or damage, but says it's gathering "additional information."

Sources speaking to CNN claim the intruders targeted a system used to investigate child sexual abuse material (CSAM). The incident involved the high-profile New York Field Office, according to the insiders. Investigators are said to still be investigating the origins of the breach.

This isn't the first such incident in recent memory. In November 2021, an attacker compromised FBI email servers and sent thousands of messages falsely claiming recipients were victims of data breaches. The campaign tried to blame the imaginary attacks on dark web security firm operator Vinny Troia. The FBI never named a culprit, but did patch the flaw that allowed the intrusion.

This may not necessarily be a serious violation. Other campaigns, such as the 2020 Treasury breach and the SolarWinds hack, are known to have exposed sensitive email contacts for officials. Still, the data reportedly at risk makes the attack concerning, even if the impact may be relatively limited.

It's not just international police trying to hold Terraform Labs accountable for a collapse that took $40 billion from investors. The Securities and Exchange Commission has charged Terraform and its CEO Do Kwon with securities fraud for allegedly running a "multi-billion dollar" crypto asset scheme. The blockchain startup purportedly misled investors by falsely claiming that its TerraUSD asset was a stablecoin pegged to the US dollar, with high yields (up to 20 percent). The firm also fooled people by claiming its Luna token would gain value thanks to a Korean mobile payment app that used the Terra blockchain to settle transactions.

Terraform and Do Kwon didn't provide "full, fair and truthful disclosure" for their crypto asset securities, SEC chair Gary Gensler says. The charges include registration and anti-fraud violations of the Securities Act and Exchange Act.  

TerraUSD and Luna lost their peg to the US dollar in May 2022, with the prices of both plunging to near-zero. Investors lodged complaints accusing Terraform and Kwon of running a Ponzi scheme, and the freefall contributed to the collapse of the crypto hedge fund Three Arrows Capital. The crypto exchange Binance quickly faced a lawsuit over claims it incorrectly marketed TerraUSD as a safe asset. While Kwon insisted that he wasn't evading capture, he left his native South Korea, refused to face investigators' questions and was put on Interpol's "red notice" list.

The SEC's charges join a string of efforts to crack down on reported fraud among some of the crypto industry's biggest names. Authorities have most notably pursued FTX and its founder Sam Bankman-Fried over that exchange's downfall, while former Celsius Network chief Alex Mashinsky is also accused of defrauding investors. While crypto may still have a future, it's clear government bodies want stricter enforcement of financial laws in this arena.

Earlier this week, it was reported that Tesla workers in the company's Buffalo, New York Autopilot facility had sent a letter to CEO Elon Musk stating their attention to unionize. Now, organizers at the same location are accusing the company of illegally terminating employees "in retaliation for union activity and to discourage union activity," Bloomberg has reported. 

In a filing with the US National Labor Relations Board (NLRB), the Workers United union accused Tesla of attempting to discourage its organizing activities. It has asked for a federal court injunction to "prevent irreparable destruction of employee rights resulting from Tesla’s unlawful conduct." Several of the employees let go had been involved in labor discussion, and one was the member of an organizing committee. 

"This is a form of collective retaliation... designed to terrify everyone about potential consequences of them organizing, as well as to attempt to cull the herd," Workers United organizer Jaz Brisack told Bloomberg. (Engadget has contacted Tesla for comment, but doesn't anticipate a reply given the company no longer has a dedicated press office.)

Employees involved in the campaign are in charge of labeling data for Tesla's Autopilot technology. The group is asking for better pay, job security and a work environment that reduces production pressures. The group previously said that Tesla engages in keystroke monitoring to see how long they spend on tasks, and shut down an internal chatroom used for airing grievances. 

Following the earlier report, Tesla issued a directive to "protect the confidentiality, integrity and security of all Tesla business information." However, one employee said the terminations are galvanizing, rather than intimidating workers. "It's pretty clear the message they're sending," said Sara Constatino. "And it's really I think backfiring on them." The NLRB will now investigate the claims and could prosecute them before a judge if it finds merit. 

A group of Tesla workers in New York has sent company chief Elon Musk a letter stating their intention to unionize, according to Bloomberg. It could end up being the first Tesla union if successful, seeing as previous attempts fizzled out before organizers could petition for a vote. The employees involved in the campaign are in charge of labeling data for Tesla's Autopilot technology at the company's Buffalo, New York facility. Bloomberg says the group is asking for better pay, job security and a better work environment that eases the production pressures placed on them. 

Workers told the news organization that they've been skipping bathroom breaks, since Tesla keeps a close eye on their every move. Apparently, the company monitors their keystrokes to see how long they spend on each particular task and how much time they spend working per day. They also said that the company shut down an internal chatroom where they can air their grievances, such as the how Tesla handles snow days. It was after that happened that the group started talking about unionizing. They're now planning to distribute Valentine-themed materials at the facility with links to a website where employees can sign union cards. 

The employees are working with Service Employees International Union affiliate Workers United, which unionized Starbucks cafes across the US. While Workers United has a good track record, the group still faces a tough road ahead, considering Elon Musk is known to be a staunch critic of unions. In 2017, he fired back against allegations of poor working conditions at Tesla's Fremont factory and criticized the United Auto Workers (UAW) for inciting the company's workers to unionize. He said UAW's allegiance is in "giant car companies, where the money they take from employees in dues is vastly more than they could ever make from Tesla."

Last year, he also challenged UAW to hold a union vote, claiming that Tesla's (non-unionized) factory workers have the highest compensation in the auto industry. And let's not forget one of his perhaps most infamous tweets regarding unionization. In 2018, he tweeted that there's nothing stopping Tesla's workers from unionizing, but then he added: "why pay union dues [and] give up stock options for nothing?" The NLRB asked Musk to delete his post, deeming it as a threat that employees would be giving up company-paid stock options if they join a union. The tweet in question is still live, and Tesla is still appealing the labor board's ruling. 

Months after a successful vote, Apple Store employees in Glasgow have become the company's first retail workers to form a union in the UK. Apple and the trade union GMB Scotland have signed a collective bargaining agreement that theoretically gives staff at the Buchanan Street store more clout when pushing for improved working conditions.

The Glasgow employees voted to unionize in November. They sought better pay, increased wage transparency and improved shift scheduling. Union negotiators characterized talks with Apple as positive, but it took several months before workers cast ballots.

GMB organizer John Slaven calls the union vote "historic." In a statement to The Herald, Apple says it's one of the "highest paying" retail brands in Scotland, and offers "industry-leading benefits" to employees. Apple raised starting wages for store workers last year in response to mounting labor action, but it also faces formal complaints over alleged union busting tactics.

These aren't the first Apple retail employees to create unions. In addition to teams in Europe, some stores in the US voted to unionize last year. The Glasgow move adds to the momentum, however, and may help other UK store workers pursuing their own unionization efforts.

A former product manager at Coinbase has pleaded guilty to two counts of conspiracy to commit wire fraud in what's believed to be the first crypto-related insider trading case in the US. Ishan Wahi initially pleaded not guilty last year.

Federal prosecutors claim that, on at least 14 occasions, Wahi shared confidential information with his brother Nikhil Wahi and friend Sammer Ramani about cryptocurrencies that Coinbase was planning to let its users trade so the pair could buy them in advance. Once Coinbase announced that it would list the tokens, their values rose. Nikhil Wahi and Ramani are said to have then sold the assets to make a profit. The scheme allegedly generated north of $1.5 million in ill-gotten gains.

Ramani has not been apprehended. Nikhil Wahi pleaded guilty to a wire fraud conspiracy charge in September and was last month sentenced to 10 months in prison. Ishan Wahi faces a prison sentence of between 36 and 47 months as part of his plea deal, according to Reuters. He'll be sentenced in May.

Along with the criminal charges, Wahi faced a civil lawsuit from the Securities and Exchange Commission. He asked a judge this week to dismiss the suit, having claimed that the cryptocurrency tokens in question are not securities, meaning they would not be subject to SEC regulation.