Teen creates memecoin, dumps it, earns $50,000

Unsurprisingly, he and his family were doxed by angry traders.

On the evening of November 19, art adviser Adam Biesk was finishing work at his California home when he overheard a conversation between his wife and son, who had just come downstairs. The son, a kid in his early teens, was saying he had made a ton of money on a cryptocurrency that he himself had created.

Initially, Biesk ignored it. He knew that his son played around with crypto, but to have turned a small fortune before bedtime was too far-fetched. “We didn’t really believe it,” says Biesk. But when the phone started to ring off the hook and his wife was flooded with angry messages on Instagram, Biesk realized that his son was telling the truth—if not quite the full story.

Earlier that evening, at 7:48 pm PT, Biesk’s son had released into the wild 1 billion units of a new crypto coin, which he named Gen Z Quant. Simultaneously, he spent about $350 to purchase 51 million tokens, about 5 percent of the total supply, for himself.

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2025 Lamborghini Urus SE first drive: The total taurean package

Adding electric power and a battery turns the Urus from hit-or-miss to must-have.

The original Urus was an SUV that nobody particularly wanted, even if the market was demanding it. With luxury manufacturers tripping over themselves to capitalize on a seemingly limitless demand for taller all-around machines, Lamborghini was a little late to the party.

The resulting SUV has done its job, boosting Lamborghini's sales and making up more than half of the company's volume last year. Even so, the first attempt was just a bit tame. That most aggressive of supercar manufacturers produced an SUV featuring the air of the company's lower, more outrageous performance machines, but it didn't quite deliver the level of prestige that its price demanded.

The Urus Performante changed that, adding enough visual and driving personality to make itself a legitimately exciting machine to drive or to look at. Along the way, though, it lost a bit of the most crucial aspect of an SUV: everyday livability. On paper, the Urus SE is just a plug-in version of the Urus, with a big battery adding some emissions-free range. In reality, it's an SUV with more performance and more flexibility, too. This is the Urus' Goldilocks moment.

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Begrenztes Kontingent: KI Grok auf X nun kostenlos

Die Plattform X erweitert den Zugang zur KI Grok auf Nicht-Premium-Nutzer. Allerdings steht ihnen nur ein begrenztes Angebot zur Verfügung. (KI, Benchmark)

Die Plattform X erweitert den Zugang zur KI Grok auf Nicht-Premium-Nutzer. Allerdings steht ihnen nur ein begrenztes Angebot zur Verfügung. (KI, Benchmark)

0patch hilft: Zero-Day-Lücke in allen gängigen Windows-Versionen entdeckt

Betroffen sind Windows 7 bis 11 sowie Windows Server 2008 bis 2022. Angreifer können NTLM-Hashes abgreifen. Einen Patch gibt es – aber nicht von Microsoft. (Sicherheitslücke, Microsoft)

Betroffen sind Windows 7 bis 11 sowie Windows Server 2008 bis 2022. Angreifer können NTLM-Hashes abgreifen. Einen Patch gibt es - aber nicht von Microsoft. (Sicherheitslücke, Microsoft)

Bungie Targets Bitcoin Wallet in Effort to Expose ‘Destiny 2’ Cheaters

In a bid to identify individuals allegedly involved in creating and distributing cheats for the video game Destiny 2, Bungie has subpoenaed the U.S.-based cryptocurrency exchange Kraken. The subpoena seeks to identify the owner of a Bitcoin wallet, who is believed to be a European resident. This individual, however, is contesting the subpoena, claiming it violates EU privacy laws and other regulations.

From: TF, for the latest news on copyright battles, piracy and more.

destinyOver the past several years, Destiny 2 creator Bungie has pursued legal action against several cheat sellers and cheat makers.

This has resulted in a number judgments and settlements in Bungie’s favor, but the gaming company isn’t done just yet.

Furthering its efforts to protect the integrity of its games, last year Bungie filed a second lawsuit against numerous individuals allegedly involved in cheat maker and distributor operation Ring-1.

Filed at a Washington federal court, the complaint named numerous defendants with others listed as John Does. While it would have been easy to let these ‘anonymous’ cheaters slide, Bungie vowed to leave no stone unturned, stating that the days of cheating “without fear of consequences are over.”

Bungie’s Warning

bungie-warning

Relentless Pursuit to Unmask Cheaters

Bungie’s strongly worded warning was no bluff. During the past year, the game company used third-party discovery to gather more information on both the named defendants and the anonymous Does. Over a dozen names and nicknames were added to the lawsuit, and more could follow.

In August, Bungie filed a sealed motion for expedited discovery, requesting permission to subpoena additional third parties for information. The request was granted a month later, but the names of the target companies were redacted.

Discovery Granted

granted

The United States-based cryptocurrency exchange Kraken was later confirmed as one of the targets. Kraken is a brand of Payward Inc. and a few weeks ago Bungie sent a subpoena to the company, requesting detailed information on the owner of a Bitcoin wallet.

Bungie Goes After Kraken Bitcoin Wallet

The subpoena doesn’t explain the relevance of the requested information, at least not publicly, but Bungie is asking for details related to the multi-signature wallet 36io3TPCi2i6muiBoiNkkJLCnw38PgrQWs.

According to blockchain data, this wallet was used to send and receive more than ten bitcoins between March 2021 and November 2024. At the time of writing, however, the wallet is completely empty.

Bungie is interested in any and all information relating to the wallet and its owner. This includes personal details, transaction records, access records, withdrawals, deposits, communication, IP-addresses, and more.

Some of the Requested Info

to be produced

Wallet Owner Objects

The owner of the wallet remains unidentified for now, but the John Doe is not pleased with Bungie’s evidence gathering tactic. This week, they submitted a motion to quash the subpoena, arguing that it fails to comply with federal rules and international privacy regulations.

The “John Doe” explains, for example, that the subpoena doesn’t provide any evidence explaining why the wallet information is relevant for the underlying lawsuit. In addition, it allegedly goes beyond geographical limits, as the wallet owner is a European resident.

The European angle is also important from a privacy standpoint. The wallet owner reportedly used a European affiliate of Payward, which is bound to European privacy regulations including the GDPR. This means that personal information can’t be shared with the U.S. without proper safeguards.

“Apparently, a Payward affiliate located in the European Union that provided services to Objector transferred Objector’s information to Payward in the U.S. It is unclear how the EU affiliate justified such data transfer to the U.S.,” the motion to quash adds.

“Without binding measures ensuring compliance with GDPR standards, any transfer of Objector’s personal data would be unlawful under the EU’s GDPR.”

To strengthen this privacy argument, the filing references several cases where U.S. companies were fined in the EU for privacy violations. Uber, for example, received a 290 million euro fine because it transferred drivers’ data to the U.S.

Responding to the motion, Bungie argued on Thursday that the “John Doe” should reveal their identity. The company argues that parties must presumptively litigate under their real names, and pseudonymous litigation is reserved for “unusual cases.”

The court has yet to rule on the motion to quash, but it’s clear that Bungie’s efforts to unmask alleged cheaters aren’t always straightforward. After years of court battles, this won’t come as a surprise to the video game company.

A copy of John Doe’s memorandum of law in support of the motion to quash is available here (pdf)

From: TF, for the latest news on copyright battles, piracy and more.