Techmeme
December 13, 2022, 5:00 PM

Top News

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
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 …
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.
CNBC:
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 …
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 …
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.
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  — Some $1.6 billion has been withdrawn …
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.
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.
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.
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 …
Beatrice Peterson / ABC News:
Meta plans to share its free, open-source Hasher Matcher Actioner moderation tool, which helps platforms identify terrorist or human trafficking content  —  It said it will help prevent the spread of violent images on the internet.  —  Meta, formerly named Facebook, said it's opening …
Ivan Mehta / TechCrunch:
Apple debuts iOS 16.2, iPadOS 16.2, and macOS 13.1, with improved iCloud data encryption, AirDrop limitations, Freeform, and a karaoke feature for Apple Music  —  Apple is rolling out its iOS 16.2 update for all users today along with iPadOS 16.2 and macOS Ventura 13.1.
Wall Street Journal:
The EU publishes a draft approval of its preliminary US data sharing deal, struck in March to ease business sharing, 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
Urvi Dugar / Reuters:
Elon Musk says Twitter Blue subscribers will see half the number of ads as non-subscribers and that the company 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 …
Cat Zakrzewski / Washington Post:
Marcela Ayres / Reuters:
Brazil's central bank says it aims to launch its digital currency in 2024 after a closed pilot program next year with financial institutions  —  Brazil's central bank aims to launch its digital currency in 2024 after a closed pilot program next year with financial institutions …
More: PYMNTS.com and CoinDesk

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