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Infosec Decoded Season 5 #7: TRUMP Meme Coin

With Doug Spindler and sambowne@infosec.exchange

Recorded Fri, Jan 24, 2025

Politics

$TRUMP Is Already Worth Billions. What to Know About the Meme Coin.
The First Big Trump Scam Is Already Blowing Up in Everyone’s Faces
Trump’s 80% stake in his memecoin is a ‘huge red flag’ for investors because a rug pull could bolster the president’s riches but torpedo his reputation
Donald Trump Did Not Get Tens Of Billions Of Dollars Richer From $TRUMP Meme Coin—Here’s Why

Serious cryptocurrency investors backed Trump, hoping he would help make crypto legitimate and respected. But launching a meme coin was seen as outrageous and a betrayal, violating the norms and traditions of the industry.

$TRUMP has a market cap over $10 billion. But extracting that value is difficult. If Trump does a rug-pull, selling his stake quickly, the price will collapse, and all other investors will lose everything. When the Hawk Tuah girl reportedly did that, the early sellers only got $3 million from a market cap of $500 million.

But if Trump just leaves his coins in, it enhances his reputation and his wealth on paper, which he can benefit from indirectly. This seems the most likely and logical future for $TRUMP.

Trump administration directs federal health agencies to pause communications

The direction came without warning and with little guidance as to what exactly it covered, and will be in effect until Feb 1. The memo told health agency employees to have all documents and communications - including regulations, guidance, notices, social media, websites and press releases - reviewed and approved by a presidential appointee before issuing them. It also directed employees not to participate in any public speaking engagements without approval, and to coordinate with presidential appointees before issuing official correspondence to members of Congress or governors.

Silk Road's Dread Pirate Roberts walks free as Trump pardons dark web kingpin

Ulbricht was sentenced to two life sentences in 2015, plus an additional 40 years, with no chance of parole. Trump committed to the first-day pardoning of Ulbricht when speaking at the Libertarian National Convention in May 2024. The President said the decision to pardon the Silk Road founder was "in honor" of Ulbricht's mother, who had campaigned for his release.

"Ulbricht profited from every sale on Silk Road, and he facilitated the acts of each drug dealer and drug organization that used it. Moreover, he attempted to commission at least five murders to protect his criminal enterprise," said Circuit Judge Gerard Lynch.

Hundreds of Subreddits Are Considering Banning All Links to X

Because, of course, Elon is a Nazi.

AI

Apple's next iOS and macOS update will turn on Apple Intelligence if your iPhone or Mac can run it

Apple Intelligence has been opt in since it debuted in Oct. 2024, but the next iOS will automatically turn it on.

As OpenAI launches $500B “Stargate” project, critics express skepticism

On Tuesday, OpenAI, SoftBank, Oracle, and MGX announced plans to form Stargate, a new company that will invest $500 billion in AI computing infrastructure across the United States over four years. The announcement came during a White House meeting with President Donald Trump, who called it the "largest AI infrastructure project in history."

Tool touted as 'first AI software engineer' is bad at its job, testers claim

LinkedIn accused of using private messages to train AI
“Devin can build and deploy apps end to end," and "can autonomously find and fix bugs in codebases." "Devin" reached general availability in December 2024, starting at $500 per month. But data scientists have tested Devin and found it completed just three out of 20 tasks successfully.

"Tasks that seemed straightforward often took days rather than hours, with Devin getting stuck in technical dead-ends or producing overly complex, unusable solutions," the researchers explain in their report. "Even more concerning was Devin’s tendency to press forward with tasks that weren’t actually possible."

Other Tech

Diagnostic dilemma: A man huffed computer cleaner for years. Then his hands started growing.

He had been regularly sniffing a computer cleaner for more than three years to get high. This caused skeletal fluorosis, a condition caused by long-term exposure to high levels of fluoride. This causes bones to swell and become mrittle.

Stratoshark lets you explore and analyze applications at the system call level

Stratoshark lets you explore and analyze applications at the system call level using a mature, proven interface based on Wireshark.

Gayfemboy: A Botnet Deliver Through a Four-Faith Industrial Router 0-day Exploit.

The Gayfemboy botnet was first discovered in Feb 2024 and has remained active ever since. Its early versions were unremarkable—simply Mirai derivatives packed with UPX, showing no innovation. However, the developers launched an aggressive iterative development journey, starting with modifying registration packets, experimenting with UPX polymorphic packing, actively integrating N-day vulnerabilities, and even discovering 0-day exploits to continually expand Gayfemboy's infection scale.

IPany VPN breached in supply-chain attack to push custom malware

South Korean VPN provider IPany was breached in a supply chain attack by the "PlushDaemon" China-aligned hacking group, who compromised the company's VPN installer to deploy the custom 'SlowStepper' malware. This malware can detect if it's running in a virtual machine.

Behold, a USB flash drive which doubles as hardware-level antivirus

The USB 3.2 Gen 1 drive comes with in-built endpoint protection, the "DiXiM Security Endpoint," a security service that continuously monitors files saved or updated on the USB drive for any signs of infection.

This is in addition to a real-time antivirus feature which automatically isolates and removes infected files when detected, and a "heuristic function" that identifies potentially malicious programs by analyzing their behavior.

Companies who pay off ransomware attackers rarely get their data back, survey shows

Only 18% of businesses have successfully recovered all of their data.

Dumb New Electrical Code Could Doom Most Common EV Charging

A coming ground-fault circuit-interrupter revision could make slow-charging your car nearly impossible. The National Fire Protection Agency (NFPA) proposes to require the same exact ground-fault circuit-interrupter protection as for normal household power installations.