Techmeme
December 28, 2022, 5:25 AM

Top News

Jonathan Stempel / Reuters:
Filings: the US arrested and charged a man with commodities fraud and manipulation for trying to steal ~$110M in October by rigging DeFi platform Mango Markets  —  U.S. prosecutors have filed criminal charges of commodities fraud and manipulation against a man accused of trying to steal …
Ava Benny-Morrison / Bloomberg:
Source: the DOJ launched a criminal investigation into the alleged $370M+ in assets stolen as FTX declared bankruptcy, separate from its fraud case against SBF  —  Federal prosecutors are investigating an alleged cybercrime that drained more than $370 million out of FTX just hours …
Bloomberg:
Court filings: Sam Bankman-Fried said in an affidavit that he and Gary Wang borrowed $546M+ from Alameda to buy a nearly 8% stake, or ~56M shares, in Robinhood  —  FTX founder Sam Bankman-Fried said he and former executive Gary Wang borrowed more than $546 million from Alameda Research to buy …
Aoyon Ashraf / CoinDesk:
Bitcoin miner Argo Blockchain will avoid bankruptcy after agreeing to sell its Helios mining facility in Texas to Galaxy Digital for $65M and a $35M loan  —  Galaxy will buy Argo's Helios facility for $65 million and provide $35 million loan to help the miner amid restructuring.
Wladimir Palant / Almost Secure:
LastPass' breach update was full of lies, omitted damning info, tried to present the August 2022 incident and the data leak as two separate events, and more  —  Right before the holiday season, LastPass published an update on their breach.  As people have speculated, this timing was likely …
Sidhartha Shukla / Bloomberg:
Solana drops 10%+ to around $10, as bitcoin and ether saw modest declines, over concerns that large holders could offload the token; SOL is down 94% in 2022  —  Solana, the cryptocurrency backed by fallen crypto mogul Sam Bankman-Fried, tumbled on Wednesday amid concerns that large holders may be about to offload the token.
Eli Tan / CoinDesk:
Bloomberg:
Kraken plans to close its cryptocurrency exchange services in Japan, operated by Payward Asia, on January 31, 2023, weeks after cutting its workforce by 30%  —  Kraken is closing its cryptocurrency exchange services in Japan as the company restructures to navigate the fallout from this year's meltdown in digital assets.
Taylor Rains / Insider:
Southwest Airlines says an operational meltdown over the holiday weekend was partly caused by its scheduling software, which a union rep called “outdated”  —  - Southwest Airlines has canceled nearly 2,600 flights so far on Tuesday after canceling over 2,900 on Monday.
Joe Rossignol / MacRumors:
Kuo: Apple plans to ship an updated iPad mini in late 2023 or H1 2024 with a new chip as its main selling point; a foldable iPad is unlikely to replace the mini  —  Apple is working on a new version of the iPad mini, with mass shipments expected to start towards the end of 2023 or in the first half of 2024 …
Geoffrey A. Fowler / Washington Post:
Shadowbanning is real and social media platforms should be more transparent; a survey shows nearly one in 10 US social media users report being shadowbanned  —  Elon Musk is right: Social media should tell you when you're shadowbanned  —  Art teacher Jennifer Bloomer has used Instagram …
Kyle Wiggers / TechCrunch:
Researchers discuss AI expectations for 2023: continued problematic art-generating apps, incoming regulations, open-source and decentralized efforts, and more  —  As a rather commercially successful author once wrote, “the night is dark and full of terrors, the day bright and beautiful and full of hope.”
Wall Street Journal:
ZipRecruiter: 37% of laid off or fired tech workers were able to find a job within a month of starting their search and ~79% were able to within three months  —  Openings across the economy are down from highs but far exceed the number of unemployed Americans  —  Why Tech Layoffs Don't Reflect the Job Market

Sponsor Posts

Subquadratic:
Subquadratic: the LLM built for 12M-token reasoning  —  SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds.  Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Cloudflare:
Cloudflare Connect 2026: The Agentic Conference  —  Stop preparing for agents.  Start running them.  100+ sessions, workshops, and speakers from OpenAI, Arm, and Cloudflare across AI, security, and performance.
Zoho:
The 90-day recognition cliff: Why praise programs fade, and what keeps them alive  —  Recognition programs often start with enthusiasm.  Employees participate, managers share shoutouts, and teams have a new way to celebrate achievements.
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Big Technology Podcast:
SAP CEO: AI Won't Kill Software, But It Will Change Your Job — With Christian Klein
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Channels with Peter Kafka:
David Ellison's Paramount-Warner Empire & The Fight That Comes Next
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
Sources:
Factory CEO on why AGI is already here
Candid conversations with the leaders shaping what's next in AI and the broader tech industry. Hosted by Alex Heath, who has covered Silicon Valley for more than a decade.
Subscribe to Sources.
Invest Like the Best:
Noah Shinn - Building Instinct: The Personal Agent
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Lenny's Podcast:
The grief, loneliness, and burnout sweeping through the tech industry right now | Molly Graham
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Great Chat:
Doomers at Dreamforce
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
Subscribe to Great Chat.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 5:25 AM ET, December 28, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Wall Street Journal:
Asa Fitch / Wall Street Journal:
K Oanh Ha / Bloomberg:

Earlier Picks

Financial Times:
New York Times:
Nilay Patel / The Verge: