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December 13, 2022, 7:20 PM
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| U.S. Securities and Exchange Commission: |
The SEC charges Sam Bankman-Fried with defrauding investors and concealing diverting FTX customer funds to Alameda while raising $1.8B+ since at least May 2019 — Defendant concealed his diversion of FTX customers' funds to crypto trading firm Alameda Research while raising more than $1.8 billion from investors
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SEC.gov, Reuters, CFTC, New York Times, Washington Post, Metaverse Post, CoinDesk, USA Today, Reuters, TechCrunch, Crunchbase News, Bloomberg, Washington Post, TIME, Financial Times, The Block, The Guardian, PC Gamer, BBC, The Verge, Associated Press, NBC News, Bloomberg, Silicon Valley Business …, CoinGape, PYMNTS.com, Wall Street Journal, Observer, Ethereum World News, Bloomberg, Gizmodo, Wealth Management, Ars Technica, Appuals.com, Trustnodes, @mmasnick@mastodon.social, crypto.news, NPR, and @molly0xfff@hachyderm.io
Tweets: @secgov, @tier10k, @claritytoast, @laurashin, @spreekaway, @timccopeland, @annmlipton, @jeremybwhite, @patio11, @aaberwick, @kadhim, @jonathanturley, @tier10k, @tier10k, @tier10k, @kadhim, @wublockchain, @claritytoast, @jim_edwards, @lookner, @breakoutpoint, @kadhim, @jonerlichman, @timccopeland, @tree_of_alpha, @stephanie_murr, @robdothutton, @kenvogel, @belisarius2020, @cduhaime, @cgasparino, @kenvogel, @cryptocronkite, @eisingerj, @emilyjnicolle, @cnbcjou, @trengriffin, @meattc_, @meattc_, @jentaub, @wallstreetsilv, @hsakatrades, @jessicakmathews, and @kadhim
| CNBC: |
The Southern District of New York charges SBF with wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, money laundering, and more — - Federal prosecutors in the Southern District of New York unsealed eight separate charges against disgraced FTX co-founder Sam Bankman-Fried …
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CoinDesk, The Southern District of New York, Reuters, The Verge, Bloomberg, The Hill, Blockworks, U.S. Department of Justice, TheStreet, Crowdfund Insider, New York Times, CNBC, Cointelegraph, CoinGape, CNN, Rolling Stone, Nikkei Asia, Semafor, VICE, The Health Ranger's newsletter, and TechCircle
| Bloomberg: |
The CFTC sues Sam Bankman-Fried for fraud, alleging FTX “misappropriated customer funds”, violated its own TOS, extended unlimited credit to Alameda, and more — The Commodity Futures Trading Commission sued Sam Bankman-Fried, FTX and Alameda Research for violations of federal commodities laws.
More:
docdroid, CoinDesk, The Verge, Associated Press, Bitcoin News, SlashGear, Observer, CNBC, and Crowdfund Insider
Tweets: @meattc_, @tier10k, @eleanorterrett, @pierre_crypt0, @avi_eisen, @cryptogucci, @arthur_0x, and @deitaone
| Rohan Goswami / CNBC: |
Citing Sam Bankman-Fried as a flight risk, a Bahamas magistrate judge denies him bail and says he should be remanded to Bahamian custody until February 8, 2023 — A magistrate judge in the Bahamas on Tuesday denied bail to FTX co-founder Sam Bankman-Fried and said he should be remanded …
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CoinDesk, Insider, The Block, Fortune, Reuters, Nikkei Asia, CryptoSlate, New York Times, Financial Times, and Cointelegraph. Tweets: @cryptolawus
| Mark Gurman / Bloomberg: |
Sources: Apple plans to allow third-party app stores on iOS 17 and iPadOS 17 in the EU, due to EU requirements in 2024, including letting users change defaults — Apple Inc. is preparing to allow alternative app stores on its iPhones and iPads, part of a sweeping overhaul aimed at complying …
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The Verge, Android Authority, Blockworks, Insider, PYMNTS.com, Android Police, Decrypt, Macworld, 9to5Mac, Thurrott, OSnews, AppleInsider, Game Developer, Engadget, 500ish, SiliconANGLE, Reuters, IGN, Android Central, fpt., Philip Elmer‑DeWitt, Pixel Envy, Mashable, SlashGear, Tom's Guide, MobileSyrup, iThinkDifferent, BGR, @caseynewton@mastodon.social, Dot Esports, MacDailyNews, and Six Colors
Tweets: @markgurman, @firstsquawk, @markgurman, @markgurman, @joannastern, @rileytestut, @vitalwinter, @cubicleapril, @evacide, @appfairness, @jtseo9, @briannawu, @davcarretta, @nasescobar316, @gabrielleydon, @benedictevans, @albertwenger, @timsweeneyepic, @fosspatents, @leah_nylen, @adamscochran, @maxwinebach, and @technology
| New York Times: |
Sources: Twitter stopped paying rent on offices and is considering not paying severance packages to cut costs, as its top lawyer Alex Spiro leaves the company — Twitter has stopped paying rent on offices and is considering not paying severance packages to former employees, among other measures.
More:
Engadget, CNBC, and Pitt's Newsletter
Tweets: @mikeisaac, @f, @as_w, @anshelsag, @seaotta, @kimcrayton1, @jowens510, @pkafka, @mattyglesias, @goldman, and @chancery_daily
| Adam James / The Block: |
Binance CEO addresses major USDC outflows, saying users can “withdraw any other stablecoin”; Nansen: users withdrew ~$1.6B on the Ethereum network in 24 hours — - Binance CEO Changpeng Zhao has addressed major USD Coin outflows. — Some $1.6 billion has been withdrawn …
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Reuters, Reuters, CoinDesk, PYMNTS.com, Seeking Alpha, Insider, CNBC, Decrypt, The Daily Hodl, Cointelegraph, Wall Street Journal, ZyCrypto, Blockworks, Bloomberg, Crypto Daily, NewsBTC, and Watcher Guru
Tweets: @cz_binance, @justinsuntron, @binance, @cz_binance, @binance, @atabarrok, @nansen_ai, @wublockchain, @dylanleclair_, @cz_binance, @cz_binance, @cz_binance, @mikemcdonald89, @peckshieldalert, @cz_binance, @jp_koning, @themooncarl, @lawmaster, @cz_binance, @cl207, @themlpx, @cz_binance, @tree_of_alpha, @fredwalton216, @j0e007, @adamscochran, @akadosang, @nansen_ai, @jackniewold, @cz_binance, @simondixontwitt, @0xponzischeme, @mikeburgersburg, and @tree_of_alpha
| Melissa Heikkilä / MIT Technology Review: |
When a female reporter tried Lensa, many of her 100 avatars were “pornified”, with 16 topless; her male peers got avatars of astronauts, warriors, and the like — When I tried the new viral AI avatar app Lensa, I was hoping to get results similar to some of my colleagues at MIT Technology Review.
More:
Newslit Daily and Silicon Republic
Tweets: @melissahei, @originalspin, @aarieff, @techreview, @drewharwell, @viviennechow, @carnage4life, @aylin_cim, and @niallfirth
| Steven Ehrlich / Forbes: |
A look at a draft of Sam Bankman-Fried's planned US House testimony, including accusations against John Ray III and screenshots of a chat with Changpeng Zhao — Sam Bankman-Fried, founder of collapsed crypto exchange FTX, was scheduled to testify Tuesday before the U.S. House of Representatives Committee on Financial Services.| Bloomberg: |
FTX lawyers say Bahamas officials worked to help SBF regain access to FTX Trading's systems, asking him to mint a coin to transfer funds to island officials — Bahamas government officials worked closely with Sam Bankman-Fried and tried to help him regain access to key computer systems …
More:
Insider, South China Morning Post, Fortune, New York Post, CoinDesk, Periodic Scribbles, BBC, Associated Press, Livemint, and The Block
Tweets: @bradydale, @fintechfrank, @jeffjohnroberts, @bradmichelson, @claireeboston, and @workmj
| Stephanie Murray / The Block: |
John Ray III tells the US House that FTX's bankruptcy is “paperless” due to an “unprecedented” lack of documentation, FTX and Alameda are not distinct, and more — - New FTX CEO John Ray III said top executives at FTX had “free rein” over the company's many entities.
More:
YouTube, TechCrunch, USA Today, Protos, New York Post, and Bloomberg
| Beatrice Peterson / ABC News: |
Meta plans to release Hasher Matcher Actioner, a moderation tool to help platforms identify terrorist or human trafficking content, for free and as open source — It said it will help prevent the spread of violent images on the internet. — Meta, formerly named Facebook …
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Meta, SiliconANGLE, GitHub, Adweek, Gizmodo, Android Headlines, and Engadget
Tweets: @shiringhaffary, @evelyndouek, and @brianfishman
| Cordilia James / Wall Street Journal: |
Instagram rolls out Notes, friend-focused status updates that appear atop the inbox, to all users, and begins testing BeReal-like Candid Stories in South Africa — With fresh ways to connect with friends, is Instagram trying to be Instagram again? — Polished is out and authentic …
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Meta, Instagram, The Information, MacRumors, The Verge, TechCrunch, PetaPixel, and BigTechWire
Tweets: @mgsiegler, @cordiliajames, @wongmjane, @cordiliajames, @shantinix, @rmac18, and @papadimitriou
| 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.
More:
The Register, Financial Times, Semafor, and Tom's Hardware
Tweets: @globaltimesnews, @williamyang120, @anderscorr, @china_digital, @jagowriter, @julianku, and @philippilk
| Dan Goodin / Ars Technica: |
Microsoft says some drivers certified by its Windows Hardware Developer Program were used to sign malware, but that no network breach has been detected — Code-signing is supposed to make people safer. In this case, it made them less so. — Microsoft has once again been caught allowing …
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Mandiant, Cybersecurity Dive, BleepingComputer, Sophos News, TechCrunch, and Wired
| Emma Roth / The Verge: |
DoNotPay announces an AI-powered chatbot that can negotiate bills and cancel subscriptions by chatting to customer service, rolling out in the next two weeks — DoNotPay, the company that bills itself as “the world's first robot lawyer,” is launching a new AI-powered chatbot that can help … | Aisha Malik / TechCrunch: |
TikTok is testing a new horizontal full screen mode with select users globally — TikTok is testing a new horizontal full screen mode with select users globally, the company confirmed to TechCrunch. Users who have access to the test feature will see a new “full screen” button appear on square or rectangle videos in their feed.
More:
MUO
| Wall Street Journal: |
The EU publishes a draft approval of its preliminary US data sharing deal, struck in March 2022 to help businesses, after the US promised surveillance changes — Brussels gives tentative approval as part of pending deal to allow companies to transfer European data across the Atlantic
More:
European Commission, Associated Press, TechCrunch, European Commission, and CCIA
Tweets: @eu_justice and @tc_intlaw
| Jennifer Elias / CNBC: |
During a recent all-hands, Google's AI chief said the company is moving “more conservatively than a small startup” on AI-chat tech due to reputational risks — - Google employees asked executives at an all-hands meeting whether the AI chatbot that's going viral represents a “missed opportunity” for the company.| Jack Dorsey / Revue: |
Responding to the “Twitter Files”, Jack Dorsey defends against attacks on Twitter staff, advocates for an open social media protocol, commits $1M/year to Signal — By subscribing, you agree with Revue's Terms of Service and Privacy Policy and understand that jack's will receive your email address.
| Zack Whittaker / TechCrunch: |
Apple confirms iOS 16.1.2, released on November 30, fixed a WebKit zero-day flaw, found and reported by Google, that allowed RCE and was actively exploited — Apple has confirmed that an iPhone software update it released two weeks ago fixed a zero-day security vulnerability that it now says was actively exploited.
More:
Zero Day Initiative, BleepingComputer, MacRumors, Apple Support, and The Register
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