> Hwang and his private investment firm, Archegos Capital Management, are now at the center of one of the biggest margin calls of all time -- a multibillion-dollar fiasco involving secretive market bets that were dangerously leveraged and unwound in a blink.
> One part of Hwang’s portfolio, which has been traded in blocks since Friday by Goldman Sachs Group Inc., Morgan Stanley and Wells Fargo & Co., was worth almost $40 billion last week. Bankers reckon that Archegos’s net capital -- essentially Hwang’s wealth -- had reached north of $10 billion. And as disposals keep emerging, estimates of his firm’s total positions keep climbing: tens of billions, $50 billion, even more than $100 billion.
> It evaporated in mere days.
This is the primary gist of the article. The future will tell
I'm surprised by the number of comments here purporting to call this information fake, or attempting to redirect the blame toward the US. This has been well documented by multiple sources for nearly two years. The world has many problems but genocide is decidedly one of the worst.
Compromising a third-party to inject code into your public & private repositories is going to be a future supply-chain compromise similar to Solarwinds
The article only has limited details, which are near the bottom of the article:
> The company said that its research found vulnerabilities that affect symmetric encryption ciphers, including the Advanced Encryption Standard, or AES, which is widely used to secure data transmitted over the internet and to encrypt files. Using a method known as quantum annealing, the company said its research found that even the strongest versions of AES encryption may be decipherable by quantum computers that could be available in a few years from now.
> Vinokur said in an interview that Terra Quantum’s team made the discovery after figuring out how to invert what’s called a “hash function,” a mathematical algorithm that converts a message or portion of data into a numerical value. The research will show that “what was once believed unbreakable doesn’t exist anymore,” Vinokur said, adding that the finding “means a thousand other ways can be found soon.”
The author knows how to hook you right in the first paragraph:
>> If you’re looking to pick a fight, simply ask your friends, “Is Pluto a planet?” Or “Is a hotdog a sandwich?” Or “How many holes does a straw have?” The first two questions will have them arguing yay or nay, while the third yields claims of two, one and even zero.
Interesting. Defamation aside, FUD, and 'fraud' claims aside, I hope this gets enough attention that they will actually fix the very real issues voting machines have had for the past decade:
Calling this a Fox News Tax is a stretch, which requires the author to make several connections to publishers, the first of which was the Wall Street Journal. Why not call it the WSJ Tax? Indicates this is a scammy title looking for clicks.
Can Facebook violate any TOS and not get kicked off because of antitrust?
They could justify it to a court, because "Facebook incubated the insurrection" or "Facebook broke our rules" not because "we don't like enabling our competitors".