Techmeme
December 13, 2022, 4:00 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: New York Times, Australian Financial Review, U.S. House Committee …, CoinDesk, Axios, Insider, Associated Press, The Economic Times, CoinDesk, BBC, Decrypt, Inside Bitcoins, ABC News, CNN, Neowin, New York Post, Washington Post, Bloomberg, The Register, The Overspill, Fortune, CoinGape, CryptoPotato, The Block, TIME, Cointelegraph, Crypto Daily, Toronto Star, New York Post, NPR, Blockworks, Gizmodo, The Information, TechCrunch, The Daily Beast, Financial Times, Sky News, Fortune, Forkast, Crypto Coin Show Insider …, The Verge, Engadget, Reuters, Kotaku, SHERLOC Exposes, Insider, Semafor, NBC News, The Block, Forbes, Livemint, PYMNTS.com, Reuters, @steventdennis@journa.host, Bitcoin News, The Hill, BuzzFeed News, Rolling Stone, Politico, Newser, CNET, The Daily Hodl, Cointelegraph, Crowdfund Insider, @caseynewton@mastodon.social, Bitcoin Magazine, Deadline, Cryptopolitan, New York Magazine, and Watcher Guru
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 US SEC says it is preparing charges against SBF to be filed in court on December 13, separate from the ones leading to his recent 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.
Cat Zakrzewski / Washington Post:
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
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.”
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) …
Julie Zhu / Reuters:
Sources: China is working on a $143B+ five-year support package for its chip industry, mainly including subsidies and tax credits, starting as soon as Q1 2023  —  China is working on a more than 1 trillion yuan ($143 billion) support package for its semiconductor industry, three sources said …
More: Livemint
Reuters:
Bloomberg:
Sarah Perez / TechCrunch:
Sensor Tower: Lensa tops the US App Store charts with 3.6M installs in December; app saw 12.6M global installs in Dec. so far, up 600% from last 11 days of Nov.  —  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 …
Tweets: @katie_roof
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 …

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Adam Serwer / The Atlantic:
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