December 22, 2022, 6:05 PM

Top News

Sam Bankman-Fried appears in NY federal court charged with wire fraud and other crimes; a judge grants a $250M bail confining him to his parents' Palo Alto home  —  Sam Bankman-Fried will be released on a $250 million bond package while he awaits trial on fraud charges related to the collapse …
Washington Post:
The SDNY says ex-Alameda CEO Caroline Ellison and ex-FTX CTO Gary Wang pleaded guilty to federal charges, both are cooperating, and releases them on $250K bonds  —  Caroline Ellison and Gary Wang helped disgraced crypto mogul divert funds and are now aiding prosecutors
U.S. Securities and Exchange Commission:
The SEC charges ex-Alameda CEO Caroline Ellison and ex-FTX CTO Gary Wang for their roles in defrauding FTX's investors at SBF's direction between 2019 and 2022  —  The Securities and Exchange Commission today charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) …
Sam Reynolds / CoinDesk:
The SEC's complaint against Caroline Ellison and Gary Wang classifies FTX's FTT token as a security since it was “offered and sold as an investment contract”  —  Complaint against Alameda's Caroline Ellison and FTX's Gary Wang contains allegations that FTX's exchange token, FTT, constitutes an investment contract.
Cecilia Kang / New York Times:
ByteDance fired four employees after finding in a probe they accessed data on US TikTok users, including reporters, while trying to learn the sources of a story  —  The company's internal investigation showed that workers also obtained data on a small number of other U.S. users.
Wall Street Journal:
YouTube buys NFL Sunday Ticket's residential rights for seven years, sources say for ~$2B/year; DirecTV paid $1.5B/year for residential and commercial rights  —  Video streamer to pay annual fee of roughly $2 billion under seven-year deal  —  Created with sketchtool.
Amanda Silberling / TechCrunch:
Twitter begins rolling out publicly visible tweet view counts, expanding on private analytics; Elon Musk says view counts will help show how “alive Twitter is”  —  Twitter is rolling out a feature that shows how many people view your tweets, similar to features on platforms …
Brayden Lindrea / Cointelegraph:
Twitter improves its $Cashtags to include stock, ETF, and crypto price charts sourced from TradingView within its search results, plus a View on Robinhood link  —  Twitter searches for “$Bitcoin,” “Bitcoin price” and “BTC price” pulls up a price chart, with equivalent searches working for Ethereum too.
Zack Whittaker / TechCrunch:
LastPass says a threat actor stole a backup copy of its customers' encrypted vault data using cloud storage keys stolen from a LastPass employee in August 2022  —  Password manager giant LastPass has confirmed that cybercriminals stole its customers' encrypted password vaults …
Joanna Ossinger / Bloomberg:
Crypto exchange Bullish, backed by Peter Thiel, and Far Peak, a SPAC led by ex-NYSE President Thomas Farley, call off their planned $9B merger announced in 2021  —  Cryptocurrency exchange Bullish and special-purpose acquisition company Far Peak Acquisition Corp. have called off their planned merger.
Alex Thompson / Politico:
Investigation: Eric Schmidt helps fund the salaries of over 24 Biden administration officials through the Federation of American Scientists and Schmidt Futures  —  Eric Schmidt, the former CEO of Google who has long sought influence over White House science policy, is helping to fund …
Mike Masnick / Techdirt:
Mastodon, Nostr, and other decentralized social networks are having a moment despite their complexity, thanks to the rich and out of touch Twitter and Meta CEOs  —  So, it's been quite a year for legacy, centralized social media — and all without any really big change to the laws that govern it …
Jennifer Elias / CNBC:
Internal documents detail Google's new performance review process, estimating 6% of full-time employees will get low ratings starting in 2023, versus 2% before  —  - Google has released new details of its performance system overhaul and it shows employees will more easily fall into lower-rated categories.
New York Times:
Sources: OpenAI releasing ChatGPT led Google to declare a “code red”, reassigning teams to respond to the threat the AI chat bot poses to its search business  —  A new wave of chat bots like ChatGPT use artificial intelligence that could reinvent or even replace the traditional internet search engine.

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Tonya Riley / CyberScoop: