Techmeme
October 7, 2022, 4:20 PM

Top News

Elizabeth Howcroft / Reuters:
Binance says 2M BNB, worth ~$570M, were stolen from its BNB Chain in an exploit; “majority” of BNB are in the hacker's wallet, ~$100M worth were “unrecovered”  —  Hackers have stolen around $100 million worth of cryptocurrency from a Binance-linked blockchain …
Alex Heath / The Verge:
Memo: Meta VP of Metaverse Vishal Shah says Horizon Worlds is suffering from too many quality issues and even the team building the app isn't using it very much  —  Meta's VR social network Horizon Worlds — the company's flagship “metaverse” app — is suffering from too many quality issues …
Kashmir Hill / New York Times:
A look at life in Meta's VR social network Horizon Worlds, engaging with early adopters including gamers, preteens, parents, insomniacs, and aspiring comedians  —  Every hour of the day and night with the gamers, parents, insomniacs, preteens and aspiring comedians who are the earliest adopters …
Lauren Feiner / CNBC:
Biden signs an EO to implement Privacy Shield 2.0, the EU-US data transfer framework seeking to address EU concerns of surveillance by US intelligence agencies  —  - President Joe Biden signed an executive order to implement a new framework to protect the privacy of personal data shared between the U.S. and Europe.
Karissa Bell / Engadget:
Meta warns 1M Facebook users that their account info may have been stolen by 400+ apps on the App Store and Google Play that have a “Login with Facebook” button  —  Meta is warning 1 million Facebook users that their account information may have been compromised by third-party apps from Apple or Google's stores.
Roula Khalaf / Financial Times:
An interview with Elon Musk about his Twitter obsession and more: it is “vaguely therapeutic” to “play the fool on Twitter” and asks “aren't you entertained?”  —  Dinner with Elon Musk begins with a drive in a Tesla.  I am seated in the back, next to X, the billionaire's two-and-a-half-year-old son.
Richard Lawler / The Verge:
Filing: a judge grants Elon Musk's request to halt the Twitter trial and says that if the deal doesn't close by 5pm on October 28, the trial begins in November  —  The pending trial between Elon Musk and Twitter is suddenly on hold, as Judge Kathaleen McCormick granted the Musk side's request for a stay …
Max A. Cherney / Protocol:
The Biden administration issues sweeping rules that significantly expand the limits on exports to China of chips and tools to make advanced chips and other tech  —  The U.S. unveiled a set of new regulations Friday that aim to choke off China's access to advanced chips …
Ana Swanson / New York Times:
The Biden administration adds 31 Chinese companies and institutions including YMTC to an “unverified list”, limiting their ability to get some regulated US tech  —  The White House issued sweeping restrictions on selling semiconductors and chip-making equipment to China …
Financial Times:
Sources: Ukrainian troops report widespread outages of Starlink devices, often in areas on the front line where their advances have not been made public yet  —  Some of Elon Musk's SpaceX devices stopped working when Ukrainian soldiers liberated territory, Kyiv officials say

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