China News by Thebittimes.Com

Formal Fed senior adviser John Rodgers was arrested Friday for allegedly leaking trade secrets to China. Washington DC’s district attorney revealed in a press release that Rodgers, 63, is charged with conspiring to steal Federal Reserve trade secrets for the benefit of the People’s Republic of China. JUST IN: Former Senior Adviser to the Federal Reserve John Rogers arrested for leaking trade secrets to China. — Watcher.Guru (@WatcherGuru) January 31, 2025 The DA says the former Fed senior adviser allegedly made false statements to the Fed Board Office of Inspector General. Those false statements had a material impact on its investigation, the DA says. “The indictment, unsealed today, was announced by U.S. Attorney Edward R. Martin, Jr., FBI Assistant Director in Charge David Sundberg of the Washington Field Office, and John T. Perez, Special Agent in Charge, Headquarters Operations, Office of Inspector General for the Board of Governors of the Federal Reserve System and Con...

An AI chatbot alleged Ripple can secretly control its blockchain through an undisclosed backdoor in the network's code and has been ridiculed by the firm's CTO. Ripple’s chief technology officer has responded to a conspiracy theory fabricated by Artificial Intelligence (AI) tool ChatGPT, which alleges the XRP Ledger (XRPL) is somehow being secretly controlled by Ripple. According to a Dec. 3 Twitter thread by user Stefan Huber, when asked a series of questions regarding the decentralization of Ripple’s XRP Ledger, the ChatGPT bot suggested that while people could participate in the governance of the blockchain, Ripple has the “ultimate control” of XRPL. Asked how this is possible without the consensus of participants and its publicly-available code, the AI alleged that Ripple may have “abilities that are not fully disclosed in the public source code.” At one point, the AI said “the ultimate decision-making power” for XRPL “still lies with Ripple Labs” and the company could mak...