December 21, 2022, 4:10 PM

Top News

A Bahamas judge approves Sam Bankman-Fried's extradition to the US after he waived his rights; SBF's case now goes to the Bahamas foreign minister for sign-off  —  Sam Bankman-Fried's extradition was approved by Bahamas judge on Wednesday, clearing one of the final hurdles for him to be sent …
New York Times:
Sources: Sam Bankman-Fried's legal team is discussing a US DOJ deal that would let him be released on bail after his extradition, subject to a judge's approval  —  Lawyers for the FTX founder are in talks about a deal that could allow him to be released on bail when he is extradited to the United States on fraud charges.
Sam Bankman-Fried agrees voluntarily to be extradited to the US, where he faces criminal and civil charges including conspiracy, fraud, and money laundering  —  - Sam Bankman-Fried is set to fly to the U.S., where he faces multiple criminal charges tied to the collapse of his crypto exchange FTX.
Elon Musk / @elonmusk:
Elon Musk says he will resign as Twitter CEO when he finds someone “foolish enough to take the job”, and after that he will run the “software and servers teams”  —  I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams.
Hannah Murphy / Financial Times:
Elon Musk says he now thinks Twitter will “be okay next year” and would have faced a “negative cash flow situation of $3B a year” without his cost cutting  —  Social network's owner offers snapshot of dire finances to explain huge lay-offs since $44bn takeover
Juli Clover / MacRumors:
Kuo: Apple plans to postpone mass production or cancel the iPhone SE 4, set to launch in 2024, due to lower-than-expected middle- and lower-end iPhone shipments  —  Apple will cancel or postpone mass production for the planned 2024 iPhone SE 4, Apple analyst Ming-Chi Kuo said today in a series of tweets.
Ax Sharma / BleepingComputer:
Okta tells customers that hackers breached its GitHub repositories in December and stole its source code but that they did not access service or customer data  —  Okta, a leading provider of authentication services and Identity and Access Management (IAM) solutions, says that its private …
US-based crypto miner Core Scientific files for Chapter 11 bankruptcy in Texas, estimating its liabilities and assets at $1B-$10B and creditors at 1,000-5,000  —  The publicly traded miner expects support from some of the holders of its convertible notes in a restructuring deal.
New York Times:
Mark Zuckerberg testified in US federal court about Meta's acquisition of Within, as the FTC seeks an injunction to stop the deal, in a highly unusual challenge  —  Meta's chief executive made a rare court appearance as the Federal Trade Commission tries to block his company's purchase of the virtual reality start-up Within.
Brian Fung / CNN:
Jay Peters / The Verge:
George Hotz, aka geohot, resigns from Twitter as he couldn't make “any real impact”; Hotz joined on November 18 after Elon Musk's “extremely hardcore” pledge  —  George Hotz, known for being the first person to carrier-unlock an iPhone and jailbreaking the PS3 …
Todd Spangler / Variety:
Deep Voodoo, founded by South Park creators Trey Parker and Matt Stone to develop deepfake technology and cost-effective visual effects, raised $20M  —  The creators of “South Park” have secured a $20 million investment for their AI entertainment startup Deep Voodoo.

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