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Microsoft's quality control department caught napping again

Microsoft's October Windows 11 update has managed the impressive feat of breaking localhost, leaving developers unable to access web applications running on their own machines.…

Paxos mistakenly minted $300 trillion of PayPal's PYUSD stablecoin on Wednesday during an internal transfer. Within minutes, the company identified the error and burned the excess tokens. The transaction appeared on Etherscan, then was quietly reversed before any funds moved or users were harmed. Paxos said there was no security breach and customer funds were safe. The amount exceeded all US dollars in circulation and surpassed the entire cryptocurrency market combined. Stablecoin issuers possess the power to create or delete billions in synthetic dollars instantly -- a capability that distinguishes them from Bitcoin transfers, which are irreversible. Tether mistakenly minted and burned $5 billion in USDT in 2019.

Read more of this story at Slashdot.

Bill Cassidy letter asks if Switchzilla sat on critical flaws before feds were forced into emergency patching

US Senator Bill Cassidy has fired off a pointed letter to Cisco over the firewall flaws that allegedly let hackers breach "at least one federal agency."…

Jonathan Cirtain at the helm as revolving door swings for private corp

Axiom Space has ousted its CEO after just six months, hiring Jonathan Cirtain to replace Tejpaul Bhatia.…

Alert says financial account information lifted from systems

Auction house Sotheby's says it was breached on July 24, and those behind the intrusion stole an unspecified amount of data, including Social Security numbers and financial account information.…

GenAI meets Gen Z – only one gets the job

ai-pocalypse The UK tech sector is cutting graduate jobs dramatically – down 46 percent in the past year, with another 53 percent drop projected, according to figures from the Institute of Student Employers (ISE).…