Greg Guenthner:

Hunter Biden Denies Profiting From Memecoin After His LAPTOP Crashes

Hunter Biden has denied profiting from his LAPTOP memecoin after its launch-day price crash, adding that neither he nor his team had sold tokens.

Several X users accused the LAPTOP project of a "rug pull" after the memecoin lost more than 95% of its value in the first hour of trading on Wednesday. At the time of writing, the new token traded at $0.8562.

"The team's allocation is locked. Nobody on our side sold, and nobody could have," Biden said in an X post Wednesday. "I, personally, have not made a single dollar."

Biden blamed the price action on insufficient liquidity and "snipers," which are trading bots that quickly swoop up tokens when trading opens.

The memecoin takes its name from a MacBook Hunter Biden reportedly left at a repair shop in 2019. Trump allies used the New York Post's reporting on files purportedly from the device against Hunter and his father, former President Joe Biden, during the 2020 election.

Before launching his own memecoin, Biden slammed the Trump family's crypto ventures. In an Aug. 21 post, Biden said World Liberty Financial used political influence and leverage to benefit its founders. Biden has yet to respond with more information.

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Chris Campbell:

Bitcoin Hacked… AGAIN!?

On Sunday, somebody drained $320 million from Bitcoin's Liquid sidechain. About 4,000 coins. Gone in 23 minutes. Another day. Another Bitcoin hack.

BUT… to understand what happened, you have to understand Liquid. Liquid is a fast lane bolted onto Bitcoin. And it's not as savvy as it sounds. You lock real coins in a shared vault, get an IOU coin that moves quicker and hides the amounts, and cash it back in later.

Bitcoin was never touched during the heist. Not once. The base layer didn't blink. It worked as it always does. The hole was in Liquid's sidechain bolted onto Bitcoin to make it faster and more private. Somewhere in the software that stitched it together, a bug let counterfeit tokens pass as real ones, and the machine handed over genuine Bitcoin to redeem them.

The lesson? Bitcoin is fine. The contraptions people build to juice Bitcoin are where the bodies are buried. But the money's coming back, minus a fee. So all that's left to do is enjoy the show.

But remember the boring truth underneath the spectacle. Bitcoin worked exactly as designed. The people around it did not.

Own the thing no committee can patch. Rent the rest at your own risk.

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Enrique Abeyta:

LG Strongly Denies TV Spying Claims, Says Tracking and Snooping Concerns 'Not True' — Online Investigation Claims 216,000,000 TVs Spy and Record Audio

In a statement to Tom's Hardware, TV manufacturer LG has strongly denied recent claims that its smart TVs constantly log and upload data, record audio while in standby, while confirming they scan local area networks for other devices, a feature common in smart TVs and media devices. The statement follows an investigation published online by Gamers Nexus, which claims LG is operating "216,000,000" spy TVs.

Earlier this week, Gamers Nexus published a video on YouTube claiming that LG smart TVs have several security and privacy concerns. The two-hour video claims, among other things, that LG's smart TVs constantly log and upload user data, even when offline or in standby mode. The TVs were also purported to be found scanning Wi-Fi networks, recording audio logs, and sampling inputs for audio and video to identify what users were watching.

The testing was done in collaboration with two security researchers, MrBruh and uturn, and includes packet capture and firmware analysis. The TVs were reportedly seen identifying other devices on local networks, including phones, printers, and more. Perhaps the most significant claim regards the capturing of audio through TV microphones, even when the devices were off, with the report claiming the TVs stored data when offline for retrieval later on.

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