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The Almighty Buck

Another $1 Million Crowdfunded Gadget Company Collapses (techcrunch.com) 109

An anonymous reader writes: In 2012, a company raised over a million dollars on Indiegogo to build a robotic dragonfly. It was originally supposed to be delivered in 2013. Unfortunately for backers, the company seems to be struggling to complete the project. They haven't been able to resolve issues with the drone falling apart after just a few seconds of flight. Unless they locate investors soon, they're going to run out of funds to continue work at full force. They're in the process of uploading all design work and their knowledge base, in case they have to officially cancel the project. They say some part-time work will continue as long as funds allow. The TechCrunch article warns, "This is just the latest example of how consumers need to be more careful with crowdfunding. There are no guarantees with crowdfunding and there is more risk involved than what's advertised."

Software Developer Says Mega Master Keys Are Retrievable 136

hypnosec writes that software developer Michael Koziarski has released a bookmarklet "which he claims has the ability to reveal Mega users' master key. Koziarski went on to claim that Mega has the ability to grab its users' keys and use them to access their files. Dubbed MegaPWN, the tool not only reveals a user's master key, but also gives away a user's RSA private key exponent. 'MEGApwn is a bookmarklet that runs in your web browser and displays your supposedly secret MEGA master key, showing that it is not actually encrypted and can be retrieved by MEGA or anyone else with access to your computer without you knowing,' reads an explanation about the bookmarklet on its official page."

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