Thursday a Forbes senior writer reported: A China-based team at TikTok's parent company, ByteDance, planned to use the TikTok app to monitor the personal location of some specific American citizens, according to materials reviewed by Forbes.

The team behind the monitoring project — ByteDance's Internal Audit and Risk Control department — is led by Beijing-based executive Song Ye, who reports to ByteDance cofounder and CEO Rubo Liang. The team primarily conducts investigations into potential misconduct by current and former ByteDance employees. But in at least two cases, the Internal Audit team also planned to collect TikTok data about the location of a U.S. citizen who had never had an employment relationship with the company, the materials show.

It is unclear from the materials whether data about these Americans was actually collected; however, the plan was for a Beijing-based ByteDance team to obtain location data from U.S. users' devices.
Challenging the article, TikTok responded on Twitter that their service "does not collect precise GPS location information from U.S. users, meaning TikTok could not monitor U.S. users in the way the article suggested." But Forbes' senior writer thinks that's a misleading denial, writing on Twitter that "We never mentioned GPS in the story. In fact, we quoted their spokesperson saying they collect approximate location via IP address. Not using GPS does not mean they could not use that approximate location to monitor certain individuals."

TikTok also acknowledged on Twitter that they do have a team that will "acquire information they need to conduct internal investigations of violations of the company codes of conduct," but says the team follows a specific set of policies and processes "as is standard in companies across our industry." In Forbes' article, TikTok spokesperson Maureen Shanahan said that TikTok collects approximate location information (based on IP addresses) to "among other things, help show relevant content and ads to users, comply with applicable laws, and detect and prevent fraud and inauthentic behavior."

But Forbes' senior writer said in their article that "the material reviewed by Forbes indicates that ByteDance's Internal Audit team was planning to use this location information to surveil individual American citizens, not to target ads or any of these other purposes." The Internal Audit and Risk Control team runs regular audits and investigations of TikTok and ByteDance employees, for infractions like conflicts of interest and misuse of company resources, and also for leaks of confidential information. Internal materials reviewed by Forbes show that senior executives, including TikTok CEO Shou Zi Chew, have ordered the team to investigate individual employees, and that it has investigated employees even after they left the company.
TikTok's response on Twitter? Behavior like that would be a firing ofference. "Any use of internal audit resources as alleged by Forbes would be grounds for immediate dismissal of company personnel."

TikTok also said on Twitter that their service "has never been used to 'target' any members of the U.S. government, activists, public figures or journalists, nor do we serve them a different content experience than other users." The response of Forbes' senior writer? "I'm glad they say TikTok hasn't been used to 'target' some specific groups. I am nonetheless concerned that they planned to use it to monitor specific Americans, which is what we reported.

"Also, for what it's worth, they didn't answer this question when we asked it to them on Wednesday.... Neither TikTok nor ByteDance denied anything we reported, either in the pre-publication process, when we told them what we planned to report and asked for comment, or since then. They have also not requested a story update."

Thanks to Slashdot reader koavf for submitting the story

A leaker has claimed that Apple is working on a version of macOS exclusive for the M2 iPad Pro, with it expected at some point in 2023. Apple Insider reports: Leaker Majin Bu's sources have shared that Apple is working on a "smaller" version of macOS exclusively for the M2 iPad Pro. It is said to be codenamed Mendocino and will be released as macOS 14 in 2023. Testing is being done with a 25% larger macOS UI so it is suitable for touch. However, apps run on the product would still be iPad-optimized versions, not macOS ones.

It isn't clear why Apple would move the iPad to a macOS interface in a half-step like this. Those clamoring for macOS on iPad do so for the software more than the interface. [...] The other possible explanation is this wasn't macOS at all. Apple could be working to bring iPadOS even closer to macOS by adding a Menu Bar and other Mac-like interactions. It already introduced a Mac windowing feature in iPadOS 16 called Stage Manager, this could be the next iteration. Majin Bu also suggests that the exclusivity to M2 iPad Pro could be a marketing push. If the feature is only available on that iPad, more people would buy it.

French police said Friday they're investigating multiple cuts to fiber-optic cables in France's second-largest city. Operators said the cables link Marseille to other cities in France and Europe and that internet and phone services were severely disrupted. From a report: The disruptions in Marseille were a taste of what analysts warn could be far larger problems in other cases if cables are systematically attacked. The vulnerability of fiber-optic cables, especially those underwater, and other key infrastructure was highlighted by the sabotage last month in the Baltic Sea of natural gas pipelines from Russia. The damage in the city in southern France also appeared to resemble suspected acts of sabotage to other cables in the country earlier this year. French cable operator and internet service provider Free said its repair teams were mobilized before dawn Wednesday to deal with "an act of vandalism on our fiber infrastructure." It said the attacks were simultaneous and on multiple spots of its fiber network near Marseille. Photos that Free published on Twitter showed multiple cables completely severed in their concrete housings buried in the ground. It said the cuts led to major disruptions to its network and phone services in the Marseille area.

Microsoft has decided the Windows Subsystem for Android (WSA) -- its offering that runs Android VMs which behave just like another application in Windows -- is sufficiently stable that it can be designated version 1.0 and made available to all. From a report: While it's lovely that Windows can now run Android VMs, Hendrixson's tweet needs a little parsing. The "50,000 apps" he mentions are only available from the Amazon.com app store -- not the larger Google Play digital tat bazaar. Google's apps aren't in the Amazonian store, nor are Microsoft's. I couldn't find Twitter, WhatsApp, Slack, any of the banks I use, or the Australian government apps I need to access services. In fact it's tough work to find apps other than games in the store -- and when a search term does bear fruit it delivers what look like knockoff apps that scream "here be dragons."

Would you pay for a username on social media? Telegram is hoping yes. From a report: The messaging app is soon to launch a username auction platform on The Open Network (TON) blockchain, the company said in an official channel on Thursday. Telegram founder Pavel Durov revealed the project in August, citing inspiration from the success of a recent TON auction for their wallet usernames. Some, including "casino.ton," sold for over $200,000.

"If TON has been able to achieve these results, imagine how successful Telegram with its 700 million users could be if we put reserved @ usernames, group and channel links for auction," he said. But Durov isn't stopping there. "Other elements of the Telegram ecosystem, including channels, stickers or emoji, could later also become part of this marketplace," he added. Paying for usernames isn't new. Over half a million people have paid for usernames on Ethereum through the Ethereum Name Service (ENS), according to Non Fungible's market tracker. It's not just a web3 phenomenon either. It's becoming harder and harder to get the desired username on platforms like Twitter and Instagram and some people are going to great lengths to obtain them.

An anonymous reader quotes a report from CNBC: Chess grandmaster Hans Niemann filed a $100 million lawsuit against world champion Magnus Carlsen and others for alleged defamatory statements claiming that Niemann cheated in competition. The suit claims that the defendants, including Chess.com, inflicted "devastating damages" against Niemann by "egregiously defaming him" and "unlawfully colluding" to bar him from the professional chess world. "My lawsuit speaks for itself," Niemann said Thursday in a Twitter post.

Niemann, 19, has admitted to cheating on two occasions, once when he was 12 years old and a second time when he was 16. But he denied claims that he cheated in an over-the-board match against Magnus Carlsen this year. Carlsen withdrew from the Sinquefield Cup in September after losing to Niemann, and eventually came forward with concerns that Niemann had cheated in the match in which he defeated Carlsen. The suit claims that Carlsen's comments were a retaliatory attempt to keep Niemann from damaging his reputation. Chess.com subsequently banned Niemann after reporting that an internal investigation revealed evidence of more cheating than Niemann's public statements had expressed.

The report from Chess.com did not find evidence of cheating in Niemann's over-the-board matches, including the match against Carlsen, though the website notes that its cheating detection is primarily used for online matches. The report does, however, allege that Niemann likely cheated in over 100 online chess games, including several prize money events. It also shows that Niemann's Chess.com "Strength Score" sits in the range of over a dozen anonymous grandmasters who have admitted to cheating. The report also notes that Niemann is by far the fastest-rising player by yearly gain in classical over-the-board chess. The lawsuit is available in full here (PDF).

Parler was so excited to tell its users that the artist formerly known as Kanye West had decided to buy the social media network, it accidentally doxed all its members. Fortune reports: The platform has been embraced by conservatives who departed Twitter over allegations of political censorship, and West, a known lover of controversy, agreed to buy it earlier this week so those users could "freely express" themselves. But in an email announcing the rapper's involvement, the company publicly copied in 300-plus email addresses of its verified VIP members instead of blind copying, allowing their personal contact details to be visible to everyone else in the email chain.

The incident was revealed by newsletter writer Adam Ryan who shared screenshots of the original message from Parler about the "monumental new chapter," explaining that they expected the acquisition to be complete by the end of the year and describing their VIP members as "an invaluable part of the Parler family and experience." Ryan's screenshot also showed the blurred-out addresses of "gold-badged" members in the email chain who consist of "influencers, celebrities, journalists, media organizations, public officials, government entities, businesses, organizations, and nonprofits." Some of the well-known names in the email chain include Sen. Ted Cruz, former President Donald Trump, and Rep. Matt Gaetz.

Further reading: Ye's 'Buyout' Of Parler Looks Very Much Like A Failed Company Taking Advantage Of Troubled Rich Guy (Techdirt)

An anonymous reader quotes a report from Ars Technica: Today, tech archivist Jason Scott announced a new website called Discmaster that lets anyone search through 91.7 million vintage computer files pulled from CD-ROM releases and floppy disks. The files include images, text documents, music, games, shareware, videos, and much more. The files on Discmaster come from the Internet Archive, uploaded by thousands of people over the years. The new site pulls them together behind a search engine with the ability to perform detailed searches by file type, format, source, file size, file date, and many other options.

Discmaster is the work of a group of anonymous history-loving programmers who approached Scott to host it for them. Scott says that Discmaster is "99.999 percent" the work of that anonymous group, right down to the vintage gray theme that is compatible with web browsers for older machines. Scott says he slapped a name on it and volunteered to host it on his site. And while Scott is an employee of the Internet Archive, he says that Discmaster is "100 percent unaffiliated" with that organization.

One of the highlights of Discmaster is that it has already done a lot of file format conversion on the back end, making the vintage files more accessible. For example, you can search for vintage music files -- such as MIDI or even digitized Amiga sounds -- and listen to them directly in your browser without any extra tools necessary. The same thing goes for early-90s low-resolution video files, images in obscure formats, and various types of documents. "It's got all the conversion to enable you to preview things immediately," says Scott. "So there's no additional external installation. That, to me, is the fundamental power of what we're dealing with here." "The value proposition is the value proposition of any freely accessible research database," Scott told Ars Technica. "People are enabled to do deep dives into more history, reference their findings, and encourage others to look in the same place."

"[Discmaster] is probably, to me, one of the most important computer history research project opportunities that we've had in 10 years," says Scott. "It's not done. They've analyzed 7,000 and some-odd CD-ROMs. And they're about to do another 8,000."

Joey Sneddon, reporting at OMG! Ubuntu: In September I tweeted a screenshot of something unexpected that has started to show up in the terminal when I ran system updates. It didn't enrage me at the time (and it kinda still doesn't) but I did find it a little ... Off. Now, if you're suitably tuned-in to the Linux newswire and/or an avid attendee of social media you'll probably heard about the drama in question. If you haven't, then allow me to... Yes, the furore is over an "ad" for Ubuntu Pro, Canonical's revamped support offering that replaces/augments Ubuntu Advantage (which has been around for many years) that appears in the terminal when managing system updates.

Other people are calling it an "ad" (hence quote marks). I prefer the term plug (which, it turns out, some people aren't familiar with; it means to mention something in order to promote it). For although this sentence is technically advertising something, in this case Ubuntu Pro, the offering itself is free for regular users (on up-to five devices). Thus, it's not like this is an "ad" that generates Canonical revenue. It's more akin to a public service announcement to raise awareness.

Microsoft announced layoffs across multiple divisions on Monday. From a report: Microsoft declined to say how many jobs had been cut, but a source said the layoffs numbered under 1000. The cuts occurred across a variety of levels, teams and parts of the world. Multiple laid-off workers turned to Twitter and Blind, among other online forums, to share that their job had been cut.

It took more than an hour to mine a block of bitcoin (BTC) on Monday, leaving thousands of transactions stuck in an unconfirmed state. CoinDesk reports: According to on-chain data from several block explorers, the interval between the two latest blocks mined by Foundry USA and Luxor was 85 minutes. According to Mempool, over 13,000 transactions were pending before the latest block was mined.

Last week Bitcoin underwent a difficulty adjustment to ensure block confirmations kept taking place every 10 minutes. With mining difficulty surging to 35.6 trillion it becomes more expensive to mine bitcoin, which heaps pressure on a mining industry that is dealing with soaring energy prices and a crypto bear market. Tadge Dryja, founder of the Lightning Network, tweeted that an 85-minute interval between blocks can be expected to happen once every 34 days, not taking into account difficulty changes.

An anonymous reader quotes a report from Gizmodo: Bernard Arnault, the CEO of luxury brand LVMH -- known for expensive labels like Louis Vuitton -- is the world's second-richest man according to Bloomberg's Billionaires Index. He currently clocks in at a net worth of $133 billion, beating out Amazon founder Jeff Bezos' paltry $130 billion. He's also been harangued on Twitter for his consistent use of private jets. French accounts that use planes' transponder signals and publicly accessible information have tracked Arnault's and other rich folks' use of private jets to reveal just how much wasteful flying time is used by the world's wealthiest.

In September, the Twitter account laviodebernard (Bernard's Plane) wrote that Arnault's plane had been de-registered in France. The account wrote "The LVMH private jet has not been registered in France since September 1, 2022. Still no word from Bernard Arnault or LVMH on the subject of private jets. So Bernard, are we hiding?" Apparently, that's just what Arnault has been doing. On the LVMH-owned podcast released Monday, Arnault admitted that the LVMH group "had a plane, and we sold it." He added: "The result now is that no one can see where I go because I rent planes when I use private planes."

Antoine Arnault, the second scion of the world's second richest man, a LVMH board member and director of communications for Louis Vuitton, also said during the podcast that other people knowing where their company jet is could give competitors an edge. He also told French news channel 5's a Vous last week "This plane is a work tool." As translated by Bloomberg, the younger Arnault added that the company sold the plane over the summer.

Kanye West, the rapper who also also goes by the name Ye, has reached an agreement to buy "uncancelable free speech platform" Parler, the two said in a statement Monday, in a move they said will help individuals express their conservative opinions freely. From a report: As part of the deal, financial terms of which were not disclosed, Parler has agreed to sell fully to West but the social network will continue to receive technical support from Parlement Technologies, including access to its private cloud services and its data center infrastructure. The deal is expected to close in the ongoing quarter. West, who has accused Meta and Twitter of censoring him in recent weeks, said in a statement: "In a world where conservative opinions are considered to be controversial we have to make sure we have the right to freely express ourselves."

"Food service employees at the autonomous driving company Waymo are forming a union," reports NBC News, calling it "the latest push by support workers to organize at Silicon Valley's most prominent companies." The cafeteria workers at the Mountain View-based company cite the high cost of living in the Bay Area and the lack of strong benefits while working for one of the world's most valuable companies. Waymo is owned by Google parent company, Alphabet.

The workers are employed by Sodexo, which contracts service work for Google and other companies. Organizers say they have a majority of union cards signed from the roughly two dozen-person bargaining unit....

Workers say the $24 an hour they make from the company is not enough to live adequately in the Bay Area. They also cite the prohibitive cost of the company's health plan, which has a $5,000 deductible. The living wage in the San Jose-Sunnyvale area is $27.74 for a single adult, and $52.74 for a single adult with a child, according to MIT's living wage calculator.... The workers are part of Silicon Valley's ranks of contractors who support and supplement the work at tech companies. Union campaigns have coursed through the industry as tech company profits — and the cost of living in the Bay Area — have escalated steeply in recent years.

At Google, more than 4,000 of these workers have joined unions since 2018, including 2,300 cafeteria workers at its headquarters and satellite offices in the Bay Area in 2019, according to Unite Here.... "[Workers] see all the money around tech," said D. Taylor, the president of Unite Here. "And that's great. But they want to have a piece of the American dream."
Ironically, one of the workers said they were inspired by Hasan Piker, who NBC News describes as "a leftist Twitch streamer and political commentator" with large followings on Twitter — and on Google-owned YouTube.

CNN reports: Elon Musk's latest internet jest has taken the form of a perfume with an unsavory scent: "Burnt Hair.

" The tech mogul, entrepreneur and sometimes internet troll announced the launch of the product on Twitter on Tuesday, calling it "the finest fragrance on Earth." The perfume is apparently being sold on The Boring Company's website for $100 and will ship in the first quarter of 2023....

The product is the successor to other Musk memes, like the $500 flamethrowers he sold in 2018 or the Tesla-branded satin shorts he debuted as investors "shorted" the company in 2020....

Musk appears to be enjoying the media attention on his newest lark. He switched his Twitter bio to "Perfume Salesman" and claimed to have sold 20,000 bottles....

"Please buy my perfume, so I can buy Twitter," he wrote on Wednesday.

"Hackers are on a roll in 2022, stealing over $3 billion in cryptocurrency," writes Slashdot reader quonset (citing figures from blockchain analytics firm Chainalysis). "And the year isn't over yet.

"For comparison, in 2021, only $2.1 billion in crypto currency was stolen during the entire year."

CBS News reports: A big chunk of that $3 billion, around $718 million, was taken this month in 11 different hacks, Chainalysis said in a series of tweets posted Wednesday. ctober is now the biggest month in the biggest year ever for hacking activity, with more than half the month still to go," the company tweeted.

In past years, hackers focused their efforts on attacking crypto exchanges, but those companies have since strengthened their security, Chainalysis said. These days, cybercriminals are targeting "cross-chain bridges," which allow investors to transfer digital assets and data among different blockchains.... Cross-chain bridges remain a major target for hackers, with three bridges breached this month and nearly $600 million stolen, accounting for 82% of losses this month and 64% of losses all year," Chainalysis said....

All told, Chainalysis said there have been 125 hacks so far this year.
"Cryptocurrency is not federally regulated or FDIC insured like a bank account," the article concludes, "which means if an account gets hacked, the government will not work to restore a customer's funds."

An anonymous reader quotes a report from XDA Developers: As it turns out, the Google Pixel 7 series appears to be the first set of Android smartphones that only support 64-bit applications. [Android expert Mishaal Rahman first reported the news.] Rahman later corrected himself to say that it's a 64-bit Zygote but a 32-bit and 64-bit userspace, not a 64-bit only build of Android 13 as initially reported. This certainly lends credence to the claim that the Google Pixel tablet may come with a 64-bit only build of Android 13, though.

What this means is that for any apps that don't have 64-bit libraries, you won't be able to install them. This includes older versions of apps such as Jetpack Joyride and even older, completely defunct apps like Flappy Bird. It's not as if Tensor G2 doesn't support it either -- its three different cores all support AArch32 execution. Google could have enabled 32-bit support as they have done in its previous smartphones. Listing the Android Binary Interfaces (ABI) returns that there is nothing present for "armeabi-v7a" or "armeabi". "arm64-v8a" support is listed, but as per the Android documentation, it only supports the AArch64 instruction set.

What does this mean, and does it have any benefits? Most benefits won't really be visible to consumers, as these improvements are primarily found in heightened security, better performance, and reduced processing cost thanks to the lack of additional ABIs. All apps on the Google Play Store have had to have 64-bit support since August 2019, and the company stopped serving 32-bit apps that don't have any 64-bit support last year.

AmiMoJo shares a report from MacRumors: iOS 16 continues to leak data outside an active VPN tunnel, even when Lockdown mode is enabled, security researchers have discovered. Speaking to MacRumors, security researchers Tommy Mysk and Talal Haj Bakry explained that iOS 16's approach to VPN traffic is the same whether Lockdown mode is enabled or not. The news is significant since iOS has a persistent, unresolved issue with leaking data outside an active VPN tunnel.

According to a report from privacy company Proton, an iOS VPN bypass vulnerability had been identified in iOS 13.3.1, which persisted through three subsequent updates. Apple indicated it would add Kill Switch functionality in a future software update that would allow developers to block all existing connections if a VPN tunnel is lost, but this functionality does not appear to prevent data leaks as of iOS 15 and iOS 16. Mysk and Bakry have now discovered that iOS 16 communicates with select Apple services outside an active VPN tunnel and leaks DNS requests without the user's knowledge.

Mysk and Bakry also investigated whether iOS 16's Lockdown mode takes the necessary steps to fix this issue and funnel all traffic through a VPN when one is enabled, and it appears that the exact same issue persists whether Lockdown mode is enabled or not, particularly with push notifications. This means that the minority of users who are vulnerable to a cyberattack and need to enable Lockdown mode are equally at risk of data leaks outside their active VPN tunnel. [...] Due to the fact that iOS 16 leaks data outside the VPN tunnel even where Lockdown mode is enabled, internet service providers, governments, and other organizations may be able to identify users who have a large amount of traffic, potentially highlighting influential individuals. It is possible that Apple does not want a potentially malicious VPN app to collect some kinds of traffic, but seeing as ISPs and governments are then able to do this, even if that is what the user is specifically trying to avoid, it seems likely that this is part of the same VPN problem that affects iOS 16 as a whole.

Apple AirTags "are allowed on Lufthansa flights," Lufthansa announced this week — the opposite of their position last Sunday, remembers SFGate: The airline insisted the tech was "dangerous" and referred to International Civil Aviation Organization guidelines (set by the United Nations's specialized agency that recommends air transport policy) stipulating that baggage trackers are subject to the dangerous goods regulations. ["Furthermore, due to their transmission function, the trackers must be deactivated during the flight if they are in checked baggage," Lufthansa added on Twitter, "and cannot be used as a result"]
Ars Technica reports on the public relations debacle that then ensued: Outcry, close reading of the relevant sections (part 2, section C) of ICAO guidelines, and accusations of ulterior motives immediately followed. AppleInsider noted that the regulations are meant for lithium-ion batteries that could be accidentally activated; AirTag batteries are not lithium-ion, are encased, and are commonly used in watches, which have not been banned by any airline. The site also spoke with "multiple international aviation experts" who saw no such ban in ICAO regulations. One expert told the site the ban was "a way to stop Lufthansa from being embarrassed by lost luggage...."

Numerous people pointed out that Lufthansa, in its online World Shop, sells Apple AirTags. One Ars staffer noted that Lufthansa had previously dabbled in selling a smart luggage tag, one that specifically used RFID and BLE to program an e-ink display with flight information. On Tuesday, Apple told numerous publications that it, too, disagreed with Lufthansa's interpretation. It went unsaid but was strongly implied that a company that is often the world's largest by revenue would take something like air travel regulations into consideration when designing portable find-your-object devices....

Representatives from the Federal Aviation Administration and Transportation Security Administration said early this week that Bluetooth-based trackers were allowed in checked luggage. The European Union Aviation Safety Agency said its regulations could "not in itself ban or allow" trackers, but airlines could determine their own guidelines.

On Wednesday, Lufthansa walked back the policy under the cover of "The German Aviation Authorities (Luftfahrtbundesamt)," which the airline said in a tweet "shared our risk assessment, that tracking devices with very low battery and transmission power in checked luggage do not pose a safety risk." This would seem to imply either that Lufthansa was acting on that authority's ruling without having previously mentioned it, or that Lufthansa had acted on its own and has now found an outside actor to approve their undoing.

Tether, the world's largest stablecoin, has slashed back its commercial paper holdings to zero, replacing them with U.S. Treasury bills instead, according to a blog post. CNBC reports: The popular U.S.-dollar-pegged cryptocurrency said the move is part of tether's "ongoing efforts to increase transparency" and back its tokens with "the most secure reserves in the market" -- in the ultimate hope of ensuring investor protection. There are now about 68.4 billion tether tokens in circulation, according to data from CoinMarketCap, up from 2 billion three years ago. The cryptocurrency has a market capitalization of $68.4 billion. "Tether has led the industry in transparency releasing attestations every three months, constantly reviewing the make up of its reserves," continued the statement.

Commercial paper is a form of short-term, unsecured debt issued by companies, and it is considered to be less reliable than Treasury bills. In October, Tether's Chief Technology Officer, Paolo Ardoino, tweeted that 58.1% of its assets were in T-bills, up from 43.5% in June. It is unclear where that percentage currently stands, but Ardoino did write in a post on Thursday that Tether was able to pay $7 billion, or 10% of its reserves, in 48 hours. "Ask your bank or other stablecoins if they can do that, in same time frame of course," he wrote. Thursday's statement went on to note that zeroing out the balance of its commercial paper holdings was also meant to be a step toward "greater transparency and trust, not only for tether but for the entire stablecoin industry." While not yet large enough to cause disruption in U.S. money markets, tether could eventually reach a size where its owning of U.S. Treasuries becomes "really scary," Carol Alexander, a professor of finance at Sussex University, said.

"Suppose you go down the line and, instead of $80 billion, we've got $200 billion, and most of that is in liquid U.S. government securities," she said. "Then a crash in tether would have a substantial impact on U.S. money markets and would just tip the whole world into recession."