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ScamSniffer: Google and X ads are promoting sites containing a crypto drainer named “MS Drainer” that has stolen $59M from 63,210 victims since March 2023 (Bill Toulas/BleepingComputer)

Bill Toulas / BleepingComputer: ScamSniffer: Google and X ads are promoting sites containing a crypto drainer named “MS Drainer” that has stolen $59M from 63,210 victims since March 2023  —  Google and Twitter ads are promoting sites containing a cryptocurrency drainer named ‘MS Drainer’ that has already stolen $59 million …

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Former employees say Meta considered measures to limit encryption but rejected them to avoid potential liability for kids’ safety on its apps and to cut costs (Wall Street Journal)

Wall Street Journal: Former employees say Meta considered measures to limit encryption but rejected them to avoid potential liability for kids’ safety on its apps and to cut costs  —  The company’s own child-safety experts sounded the alarm about efforts to encrypt messages on Instagram and Facebook.

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Toshiba sees power management chips as a profit driver and plans to spend ~$175M to double production as the company completes its $14B buyout by PE firm JIP (Makiko Yamazaki/Reuters)

Makiko Yamazaki / Reuters: Toshiba sees power management chips as a profit driver and plans to spend ~$175M to double production as the company completes its $14B buyout by PE firm JIP  —  Toshiba Corp (TOSBF.PK) sees power management chips as an immediate profit driver on the back of surging electric vehicle (EV) …

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ImpriMed, which builds AI-powered drug response prediction tech to help treat cancer in dogs and cats, raised a $23M Series A led by SoftBank Ventures Asia (Kate Park/TechCrunch)

Kate Park / TechCrunch: ImpriMed, which builds AI-powered drug response prediction tech to help treat cancer in dogs and cats, raised a $23M Series A led by SoftBank Ventures Asia  —  ImpriMed, a California-based precision medicine startup, builds AI-powered dog cancer treatment technology that helps veterinarians identify …

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China publishes draft rules for online gaming, including setting spending limits and banning daily login rewards; Tencent plunges 10%+ and NetEase 20%+ (Bloomberg)

Bloomberg: China publishes draft rules for online gaming, including setting spending limits and banning daily login rewards; Tencent plunges 10%+ and NetEase 20%+  —  – Tencent, NetEase shares dive in Hong Kong after new rules  — Beijing has in recent years sought to combat gaming addiction

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Boston-based knownwell, which provides virtual and in-person primary care and obesity treatment for patients, raised a $20M Series A led by a16z (Anastassia Gliadkovskaya/Fierce Heal …)

Anastassia Gliadkovskaya / Fierce Healthcare: Boston-based knownwell, which provides virtual and in-person primary care and obesity treatment for patients, raised a $20M Series A led by a16z  —  Digital health Obesity Employer-Sponsored Health Plan funding round  —  Knownwell, an integrated primary and obesity care provider …

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