| 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 … | 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.| Reuters: |
Sources: US prosecutors are split on charging Binance and its executives over money laundering and sanctions violations and have discussed potential plea deals — Splits between U.S. Department of Justice prosecutors are delaying the conclusion of a long-running criminal investigation … | Laura Forman / Wall Street Journal: |
Similarweb: desktop visits to Twitter's ad manager fell ~74% YoY in Oct. and 85% in Nov., the largest drop since Musk's takeover; the trend continues in Dec. — 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| Lawrence Abrams / BleepingComputer: |
Some Uber employee records, corporate reports, and IT information leak online; Uber says it thinks the data is related to a breach of a third-party vendor — Uber has suffered a new data breach after a threat actor leaked employee email addresses, corporate reports, and IT asset information stolen … | Jonathan Weil / Wall Street Journal: |
Mazars' Binance “proof of reserve” report covers only some assets and liabilities and doesn't vouch for the numbers or assess internal reporting controls — Crypto exchange has begun releasing data to shore up confidence following collapse of FTX — Crypto's Crash Has Been Swift but Largely Self-Contained.| André Beganski / Decrypt: |
Binance CEO Changpeng Zhao acknowledges temporarily restricting accounts over “abnormal” altcoin trading, following a spat with a high-profile crypto trader — The company says the observed activity had nothing to do with compromised accounts or leaked API keys.| Bloomberg: |
Microsoft acquires a 4% stake in the London Stock Exchange, valued at ~£1.6B, as part of a 10-year deal in which LSEG plans to spend $2.8B+ on cloud services — Microsoft Corp. agreed to buy a 4% stake in London Stock Exchange Group Plc in a $2.8 billion cloud-computing deal that pushes big tech further into financial markets.| Bloomberg: |
Sources: the Netherlands and Japan agree in principle to join the US in tightening chipmaking exports to China and limit its ability to obtain advanced chips — Japan and the Netherlands have agreed in principle to join the US in tightening controls over the export of advanced chipmaking machinery to China … | Jordan Middler / Video Games Chronicle: |
Microsoft Gaming CEO Phil Spencer says Sony opposes the Activision Blizzard deal to “protect its dominance on the console” and to grow by “making Xbox smaller” — In the latest war of words over its proposed acquisition of Activision Blizzard, Microsoft's Gaming CEO … | Ingrid Lunden / TechCrunch: |
Israel-based game developer Playtika lays off about 15% of its staff, or 600+ workers, and removes three titles from the pipeline; its stock is down ~53% YTD — Playtika, the Israeli tech company that made its name through a series of wildly successful online gambling and gaming titles … | Wall Street Journal: |
A look at the role of SBF's parents Joseph Bankman and Barbara Fried in FTX's rise; the Stanford Law professors have stayed in the Bahamas after FTX's collapse — Joseph Bankman and Barbara Fried, both professors at Stanford Law, have remained in the Bahamas with their son since his firm's collapse
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| Andrew Cunningham / Ars Technica: |
| Adam Serwer / The Atlantic: |
| Yuvraj Malik / Reuters: |
| Jules Wang / Android Police: |
| Song Jung-a / Financial Times: |
| Bloomberg: |