December 20, 2022, 9:40 AM

Top News

Washington Post:
Source: Sam Bankman-Fried agrees voluntarily to be extradited to the US, where he faces criminal and civil charges like conspiracy, fraud, and money laundering  —  Former crypto CEO's decision could expedite the criminal and civil cases against him  —  NASSAU, Bahamas …
Joshua Oliver / Financial Times:
FTX plans to recoup political donations by Sam Bankman-Fried and his associates, estimated at $70M+ in the 2021-2022 election cycle, to help repay creditors  —  Crypto group's new management says if funds are not returned voluntarily it will pursue recipients in court
Tracy Wang / CoinDesk:
A look at Modulo Capital, a mysterious multi-strategy hedge fund founded in 2022 and based in Albany in The Bahamas, which received $400M from Alameda Research  —  Founded in early 2022, Modulo operated out of the same luxury Bahamian condominium community where Sam Bankman-Fried and other FTX employees lived.
Ivan Mehta / TechCrunch:
Twitter pilots Blue for Business with select businesses, helping companies identify employees via an additional badge, but doesn't share other perks and pricing  —  Twitter launched “Blue for Business” last week alongside relaunching Twitter Blue.  At that time, the social network had assigned a gold checkmark to businesses.
Vlad Savov / Bloomberg:
Replying to a tweet suggesting voting on Twitter policy decisions should be restricted to Blue subscribers, Elon Musk says “Twitter will make that change”  —  Twitter Inc. will restrict voting on major policy decisions to paying Twitter Blue subscribers, company owner Elon Musk …
Washington Post:
Sam Schechner / Wall Street Journal:
Amazon agrees to settle two EU antitrust cases related to third-party sellers on its platform, won't pay a fine, and will adhere to commitments for seven years  — Inc. has agreed to settle two European Union antitrust cases related to allegations about its treatment of third-party sellers …
Wall Street Journal:
As US lawmakers considered adding antitrust bills to the omnibus spending package, tech trade group CCIA, Meta, Amazon, and others ramped opposition to them  —  Industry has spent more than $100 million to fight antitrust measures and other bills in Congress  —  How Apple's iPhone and Apps Trap You in a Walled Garden
Nikhilesh De / CoinDesk:
Over 100 BTC was moved out of cold wallets tied to QuadrigaCX, the exchange bankrupted in 2019 after its CEO allegedly died; trustee EY lost access to the BTC  —  More than 100 BTC tied to QuadrigaCX moved out of cold storage wallets over the weekend.  Quadriga's bankruptcy trustee …
Norman Harsono / Bloomberg:
Changpeng Zhao confirms Binance acquired the remaining 49% stake in Indonesian crypto exchange Tokocrypto; the unit will cut 58% of jobs and replace its CEO  —  Binance Holdings Ltd.'s Indonesian unit is cutting jobs and replacing its top executive after the parent company took nearly full control over it.
New York Times:
An analysis shows how Chinese-language bots on Twitter drowned out tweets about protests over China's zero-COVID-19 policy, as people sought to evade censors  —  Twitter and its new owner, Elon Musk, have recently vowed to crack down on bots.  But the flood of spam for Chinese users …
Cheng Ting-Fang / Nikkei Asia:
Sources: in a first, Apple plans to move some MacBook production to Vietnam in 2023, asking Foxconn to begin as early as May, to further diversify from China  —  iPhone maker aims to have ‘out of China’ production alternatives for key products  —  TAIPEI — Apple plans to move …
Matt Levine / Bloomberg:
An analysis of Elon Musk's reported attempts to raise money for Twitter via an equity sale at an absurd price, why his successor will be unpopular, and more  —  Oh Elon  —  Imagine taking the job!  Yesterday Elon Musk tweeted a poll asking if he should step down as “head” of Twitter Inc.; …
Dan Primack / Axios:

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