Techmeme
December 13, 2022, 5:05 AM

Top News

CNBC:
Bahamas AG Ryan Pinder and US SDNY Attorney Damian Williams confirm Bahamas police arrested Sam Bankman-Fried, who is under indictment and could be extradited  —  - The cofounder and former CEO of bankrupt crypto trading firm FTX was arrested in the Bahamas after the U.S. attorney …
More: Australian Financial Review, CoinDesk, U.S. House Committee …, Axios, The Verge, Associated Press, The Economic Times, BBC, Decrypt, ABC News, CNN, Inside Bitcoins, Washington Post, Emage, Neowin, New York Post, Bloomberg, Fortune, The Overspill, Cointelegraph, New York Post, NPR, Blockworks, Crypto Daily, The Information, TechCrunch, The Daily Beast, Financial Times, Sky News, Fortune, The Block, Crypto Coin Show Insider …, The Verge, Engadget, Reuters, Kotaku, SHERLOC Exposes, Insider, Semafor, NBC News, CoinGape, The Block, Forbes, Livemint, PYMNTS.com, Reuters, @steventdennis@journa.host, The Hill, Wccftech, The Register, BuzzFeed News, Rolling Stone, Politico, Newser, CNET, The Daily Hodl, Cointelegraph, Crowdfund Insider, @caseynewton@mastodon.social, Deadline, Cryptopolitan, New York Magazine, and Watcher Guru
New York Times:
Source: US prosecutors charge Sam Bankman-Fried with wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, and money laundering  —  A statement by the government of the Bahamas said Mr. Bankman-Fried was arrested after prosecutors in the United States filed criminal charges.
U.S. House Committee on Financial Services:
FTX CEO John Ray's testimony to the US House: FTX and Alameda commingled customer assets, insiders were paid $1B+, FTX US was not run independently, and more  —  Chairwoman Waters, Ranking Member McHenry, distinguished members of the Committee: thank you for the invitation to appear before you today.
Brian Quarmby / Cointelegraph:
The SEC prepares charges against SBF to be filed in the Southern District of New York on December 13, separate from those that led to his arrest in The Bahamas  —  SBF has finally been slapped with criminal charges and will be extradited to the U.S., once there, he will have to face separate charges from the SEC.
Steven Ehrlich / Forbes:
Urvi Dugar / Reuters:
Elon Musk says Blue subscribers will see half the number of ads as non-subscribers and that Twitter plans to offer a higher tier with no ads in 2023  —  Twitter owner Elon Musk tweeted on Monday that Twitter's Basic blue tick will have half the number of advertisements and the social media platform …
Laura Forman / Wall Street Journal:
Similarweb: desktop visits to Twitter's ad manager fell ~74% YoY in October and 85% in November, the largest drop since the takeover, continuing into December  —  Elon Musk is leading with narrative at Twitter.  Don't lose sight of the dollars and sense.  —  Elon Musk's Unconventional Management Style: Former Employees Share Stories
Cat Zakrzewski / Washington Post:
Platformer:
Sources: on December 11, Twitter briefly blocked traffic from ~30 mobile carriers, mainly in the Asia-Pacific region, in an attempt to rid Twitter of spam  —  PLUS: Why it's time to start leaving Twitter behind  —  On Sunday, Elon Musk tweeted a vague warning: “the bots are in for a surprise tomorrow.”
Adam James / The Block:
Changpeng Zhao seeks to reassure Binance users on USDC outflows, saying they can “withdraw any other stablecoin”; Nansen shows $1.6B in ETH outflows in 24 hours  —  - Binance CEO Changpeng Zhao has addressed major USD Coin outflows.  — Some $1.6 billion has been withdrawn …
Nelson Wang / CoinDesk:
Coinbase transparency report: law enforcement requests rose ~66% YoY to 12,320 from October 2021 to September 2022; ~57% of them were from outside the US  —  The number of requests from the U.S., which accounted for about 43% of the total, increased by 6%.  —  Coinbase (COIN) …
Reuters:
China files a trade dispute at the WTO against the US over its chip export controls, arguing the curbs threaten the stability of global industrial supply chains  —  China has launched a trade dispute at the World Trade Organization against the United States over its chip export control measures, China's commerce ministry said.
Julie Zhu / Reuters:
Bloomberg:
Sarah Perez / TechCrunch:
Sensor Tower: Lensa tops the US App Store charts with 3.6M installs in December; the app had 12.6M globally in December so far, up 600% from the end of November  —  Lensa AI's popularity has had a notable impact on the App Store's Top Charts.  The popular photo and video editing app recently went viral …
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