Robinhood Stock Tokens Legal Debate Over AMC Shares

Robinhood CEO Vlad Tenev pushed back this week against the idea that companies should have automatic veto power over how their shares get turned into tradable crypto assets, reigniting a public fight with AMC Entertainment over the legal footing of Robinhood stock tokens. Speaking on CNBC‘s “Squawk Box” on Wednesday, Sept. 9, Tenev laid out why he believes issuers don’t get the final word on every product that references their stock — even as he admitted that holders of these tokens get none of the voting power that comes with owning real shares.  Key takeawaysVlad Tenev said Robinhood stock tokens “should not automatically require issuer consent” because they are separate securities issued by a different legal entity.The tokens are tokenized debt securities issued by Robinhood Assets (Jersey) Limited (RHJ), not direct AMC shares, and are backed one-for-one by underlying stock held with U.S. custodian Alpaca Securities LLC.Token holders get economic exposure and dividend-linked reinvestment benefits but no voting rights or legal ownership in AMC.AMC CEO Adam Aron says the structure “decouples stock token ownership from a companys ability to control its own capital raising efforts.”Whether AMC has any legal authority to force Robinhood to stop the product remains unresolved.  Robinhoods Stock Tokens

09-10انڈسٹری

LayerZeros Akita Targets Quantum Threats With Smaller

LayerZero introduced Akita on Sept. 9, a new polynomial commitment system designed to protect zero-knowledge proofs against potential attacks from quantum computers.  The technology aims to provide quantum-resistant security while producing smaller proofs than existing post-quantum alternatives. That could make zero-knowledge applications more efficient as developers prepare for advances in computing power.  Introducing Akita, the first production-ready, lattice-based polynomial commitment scheme for post-quantum security.  Akita Targets Faster, Smaller Proofs  LayerZero says Akita can produce proofs of about 65 to 80 kilobytes, compared with more than 200 kilobytes for many hash-based alternatives. Smaller proofs could reduce the amount of data that networks need to process and store.  Related: Vitalik Buterin Proposes Recursive STARKs for Ethereums I-Star Upgrade  Akita also cuts Jolt‘s proving time by two to three times and reduces memory use by about half, according to LayerZero. Jolt, developed with a16z Crypto, is used by the Zero blockchain, where Akita’s integration could add protection against future quantum attacks.  Akita uses lattice-based cryptography, an approach included in US standards for defending against quantum computers. The technology could give developers another option for upgrading zero-knowledge systems before current cryptographic methods become vulnerable.  Quantum Readiness Gains Attention  Blockchain developers are increasingly preparing for quantum computers, which could eventually undermine some of the

09-10انڈسٹری

Trezor email provider breached as fake wallet security alert spreads

Trezor has warned customers about a phishing email sent after attackers breached one of its third-party email providers.  The email warns about a major Trezor wallet security risk, but the warning is false, says the firm, and it advises recipients not to click links.  Fake email warns of Trezor wallet flaw  The subject line of the phishing email is “Critical Security Alert: STM32 Entropy Vulnerability.”  It almost looks as though the text is trying to trick the recipients into believing their hardware wallets are immediately at risk. Clicking the link may lead unsuspecting victims to a website asking them to provide confidential details of their wallets, etc.  In a post, Trezor said:  The email…is not coming from us, and its a phishing attempt.  The company has taken down the domain involved and is investigating how the attackers gained access to a legitimate domain.  Because the email came from a genuine domain, some users might be convinced that it is real. Attentive users usually check the sender‘s address before trusting an email, but because it’s an original domain, a fraudulent message may appear real.  Trezor has not revealed the name of the affected email provider, nor has it said how many of its customers received the fraudulent message or whether

09-10انڈسٹری

OpenAI just showed why one of its former researchers thinks AI could kill everyone

OpenAI says its latest AI system solved a 90-year-old math problem in 88 hours, reigniting fears over runaway intelligence.  On Sept. 8, the company said that an internal model significantly more capable than its recently released GPT-6 Astra coordinated roughly 10,000 AI agents to solve the Navier-Stokes existence and smoothness problem. This is one of mathematics seven Millennium Prize Problems.  The agents exchanged 2.7 million messages and generated about 130 billion output tokens before Astra spent another 17 hours formalizing and verifying the result in Lean. OpenAI said the system proved that initially smooth fluid motion can develop a singularity in finite time, resolving a question that has remained open since the 1930s.  The problem carries a $1 million prize from the Clay Mathematics Institute. OpenAI said it does not intend to claim the award, while the proof must still withstand broader scrutiny before its resolution is universally accepted.  Early reaction from the mathematics community was nonetheless striking. The American Mathematical Society described the development as a “milestone advance in human knowledge,” crediting decades of work by mathematicians before the final steps taken with OpenAIs system.  Breakthrough exposes the widening gap between public and private AI  The scale of the AI agents capability jump surprised people

09-10انڈسٹری

Steak 'n Shake's Bitcoin bet posts double-digit sales growth

According to Steak n Shake, the decision to accept Bitcoin payments has yielded significant results, with franchise partners seeing a 19% increase in sales this quarter alone.  The statement was released in its X post on September 8. While the story sounds great for the popularity of Bitcoin among retailers, it is still just a company announcement. In fact, there is no proof that Bitcoin played an important role in sales growth, as Biglari Holdings regulatory filings reported increasing sales without checking how Bitcoin contributed to it.  This distinction is important. In reality, Steak n Shake is conducting a test to find out if old-fashioned retailers can use the advantages of Lightning, cheap processing fees, crypto-friendly customers, and Bitcoin reserves to develop a functioning model for other merchants to follow.  The numbers the company is putting forward  At the Bitcoin 2026 Conference, Michael Boes, Chief MAHA Officer of Steak n‘ Shake, described the company’s improving performance since it began accepting Bitcoin with consistent figures of 11% and 15% growth for same-store sales in Q2 2025 and Q3 2025, respectively.  These figures were cited by him in the context of his argument that the chain had experienced a turnaround due to Bitcoin. However, the actual filings

09-10انڈسٹری

XRP Ledger: Top Developer Highlights Benefits of Permission Delegation Technology

Key Insights:XRP Ledger XLS-75 innovation improves permission delegation by closing security gaps found during V1.0 testing.XRP Ledger and Claude AI connect through formal verification work aimed at proving key ledger functions work as expected.The lending protocol will support institutional credit, including working capital and trade finance use cases.  XRP Ledger developer J. Ayo Akinyele has highlighted how the XLS-75 innovation makes permission delegation safer, after a major security issue was found during testing before the feature reached the XRPL mainnet. V1.1 keeps the feature intact while adding fixes for delegate checks and multi-signing.  XRP Ledger Update: XLS-75 Gets A Safer Path To Mainnet  Akinyele explained that Permission Delegation allows one account to act for another, but only within the permissions given by the account owner. The feature can help users and custody providers let another account handle selected actions without giving it full control.  Because delegation changes how transactions are processed, security was a major concern. During V1.0 testing, a critical vulnerability was reported through the bug bounty program before the amendment reached the XRP Ledger mainnet.  XRP Ledger Permission Delegation Update | Source: J. Ayo Akinyele  Instead of only patching the issue, the team pulled the amendment and introduced V1.1. This creates a clear line

09-10انڈسٹری

Liquid Network Exploit Drains $320M in BTC, 85% Returned

Lawrence Jengar  Sep 09, 2026 22:23  Hackers exploited a Liquid Network bug to steal $320M in BTC, returning 85%. The incident reveals risks in blockchain-based financial layers.  A critical software vulnerability in Liquid Network allowed hackers to siphon off nearly 4,000 BTC, worth $320 million at the time, before returning 85% of the stolen funds. The exploit, which occurred on September 6, targeted flaws in the Bitcoin sidechains transaction validation mechanisms, underscoring risks in blockchain-based financial infrastructure.  The attack hinged on Liquid‘s Confidential Transactions system, which uses cryptographic proofs to validate transfers while keeping transaction amounts hidden. A flaw in the caching mechanism for these proofs enabled the attackers to create unbacked L-BTC tokens, which they then swapped for actual BTC from Liquid’s reserve. Approximately 3,998 BTC—95% of Liquids federation wallet—was drained before the network was paused.  Liquid Network, developed by Blockstream, is intended to provide fast, low-cost, and private Bitcoin transactions using L-BTC, a token pegged 1:1 to BTC. Under normal conditions, users must deposit BTC into Liquids network to mint L-BTC. However, the exploit bypassed this requirement, allowing hackers to mint tokens without collateral and “withdraw” real BTC.  After the breach, the attackers, claiming to be white-hat hackers, communicated with Blockstream via Bitcoin‘s OP_RETURN

09-10انڈسٹری

23% Of Us Trust AI Agents To Spend Our Money. Visa Has A Plan

New Visa research finds consumers are fine letting AI shop for them, but deeply unwilling to let it pay. I chat with Group President Oliver Jenkyn on why trust, not technology, is the gating factor.  VCG via Getty Images  Almost three quarters of us have used AI agents like OpenClaw or Hermes, or perhaps Meta‘s new Muse. But only 23% trust agents with their money. That’s a problem for Visa, which is looking to expand its payments empire. As Visas chief product and strategy executive writes, “Your AI just bought you a couch. Are you okay with that?”  AI agents are increasingly common. They can check Slack or summarize our email, They can help us manage our calendars, they can research information. They could also be used to track prices, re-order consumables, or even book travel, but few of us have trusted them with our wallets.  At least, so far.  Citing a survey of 2,065 US consumers, Visa says that when its name is attached to the agentic AI purchase, acceptance almost triples to 61%. That is, of course, not a statement about whether the technology works or not, or which AI agent you should use. Instead, its a statement about who consumers want standing

09-10انڈسٹری

FBI Uses Blockchain for Darknet Opioid Bust, Links Crypto to Fatal Overdoses

Rongchai Wang  Sep 09, 2026 22:15  FBI charges two brothers for darknet drug sales after tracing $230K in Bitcoin transactions. Blockchain analytics linked crypto to fatal opioid overdoses.  U.S. authorities have charged Vladislav and Stanislav Chernyshov, two Jacksonville-based brothers, in a federal case linking their darknet vendor account, “BarbaraWhite,” to at least 12 overdoses, including three fatalities. Investigators used blockchain analytics to trace $230,000 in cryptocurrency transactions, revealing a sophisticated operation distributing counterfeit opioids.  According to the Justice Department, the brothers sold highly potent nitazene-laced pills under the guise of legitimate medications, using marketplaces like Nemesis, Bohemia, and Abacus since at least 2020. The BarbaraWhite account was prolific, allegedly moving over 95,000 counterfeit pills through these platforms and contributing to the ongoing opioid crisis in the U.S. Synthetic opioids, like nitazenes, are even deadlier than fentanyl and accounted for 69% of overdose deaths in 2023.  Crypto Tracing Unmasks Darknet Vendors  The Chernyshovs relied on Bitcoin for transactions, believing it provided anonymity. However, blockchains transparency cuts both ways. Investigators used Chainalysis Reactor, a blockchain analytics tool, to map the wallet activity of BarbaraWhite. They identified Bitcoin addresses used to withdraw funds from darknet sales and traced payments to a China-based chemical supplier, other vendors, and a cryptocurrency-based

09-10انڈسٹری

Crypto Crime Empire Crumbles as 22-Year-Old Ringleader Malone Lam Pleads Guilty

“If you build a cybercrime empire, we will find you, dismantle your operation, and hold you accountable,” said US Attorney Pirro.  Malone Lam, a Singaporean citizen and recent Miami resident, pleaded guilty in Washington, D.C., to taking part in an international cybercrime conspiracy that stole and laundered more than $245 million in cryptocurrency.  Attorney Jeanine Ferris Pirro announced the plea after Lam appeared before US District Judge Colleen Kollar-Kotelly.  $245 Million Crypto Heist  According to the official press release, the 22-year-old pleaded guilty to one count of participating in a RICO conspiracy, and the judge scheduled a status hearing for December 8, 2026. Court documents claim the criminal enterprise started no later than October 2023 and continued through at least May 2025.  The group grew through connections on online gaming platforms and included people based in California, Connecticut, New York, Florida, as well as other countries. Its members relied on social engineering and, at times, home break-ins to gather information that helped them drain victims crypto wallets.  US Attorney Pirro said,  “If you build a cybercrime empire, we will find you, dismantle your operation, and hold you accountable. This defendant led an international network that preyed on victims through deception, invaded their privacy, and stole hundreds of

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