Techmeme
December 28, 2022, 9:30 AM

Top News

Osato Avan-Nomayo / The Block:
Alameda-linked wallets traded Lido, Polygon, Uniswap, and other tokens for ether and USDT, before swapping for bitcoin, taking their holdings to 47.6 BTC  —  - Wallets linked to Alameda Research have sold several crypto tokens.  — These swaps happened barely days after Sam Bankman-Fried posted bail.
Gretchen Morgenson / NBC News:
A look at North Dimension, a little-known Alameda Research subsidiary, where the SEC says FTX told customers to wire funds to trade without disclosing the ties  —  Among the 130 or so companies in Sam Bankman-Fried's sprawling crypto empire, North Dimension Inc. assumed a low profile.
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 …
Ava Benny-Morrison / Bloomberg:
Jonathan Stempel / Reuters:
Filings: the US charges Avraham Eisenberg 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 …
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.
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.
Oliver Knight / CoinDesk:
SEC filing: MicroStrategy acquires ~3,205 BTC for ~$56.4M between November 1 and December 24, taking its holding to 135K BTC, and sells 704 BTC to offset gains  —  Alongside the additional purchases, the company sold a small amount of bitcoin for the first time.
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.
Ian Johnston / Financial Times:
Mastodon CEO Eugen Rochko says he rejected more than five US investors offering “hundreds of thousands of dollars” to preserve the platform's nonprofit status  —  Fast-growing open-source microblogging site has seen a surge of interest since Elon Musk took over Twitter
Joe Schneider / Bloomberg:
Investors sue Gemini and Tyler and Cameron Winklevoss over offering Gemini Trust Earn interest-bearing accounts, which Gemini failed to register as securities  —  Gemini Trust Co. and its founders, Tyler and Cameron Winklevoss, were sued by investors who claim the crypto asset exchange sold …
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.

Sponsor Posts

Google:
Generate videos with Veo 3 in Google Gemini  —  Create high-quality, 8-second videos with Veo 3, our state-of-the-art AI video generator.  Try it with a Google AI Pro plan or get the highest access with the Ultra plan.
Warp:
The #1 Coding Agent  —  #1 on Terminal-Bench.  71% on SWE-bench Verified.  Trusted by 600K+ devs.  Try the top agentic dev tool for $1 for 1st month with code TECHMEME.
Zoho:
Tuning response time psychology with an integrated solution  —  This is a guest post by Sharath Joji, Content Marketing Lead at Office24by7.Indecision and delays are often considered the parents of failure, and nowhere is this more true than in sales.
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Tech Brew Ride Home:
Now Meta Has Frozen AI Hiring
Tech news headlines every day. 15 minutes and you're up to date. From Tech Brew, Morning Brew's tech hub.
Subscribe to Tech Brew Ride Home.
Decoder with Nilay Patel:
Amazon is betting on agents to win the AI race
A show from the Verge about big ideas - and other problems.
Subscribe to Decoder with Nilay Patel.
Lenny's Podcast:
How Intercom rose from the ashes by betting everything on AI | Eoghan McCabe (founder and CEO)
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:
Is AI a job killer or job creator?
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.
Spotlight On:
Figma IPO, GPT-5, and a Q+A with Kerry Wang
A podcast from Accel about how companies are built, from the people doing the building.
Subscribe to Spotlight On.
Big Technology Podcast:
Inside Google's Generative AI Reinvention -- With Nick Fox and Liz Reid
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.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 9:30 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

Moira Warburton / Reuters:
Josh Ye / Reuters:

Earlier Picks

Wall Street Journal:
Wall Street Journal:
Geoffrey A. Fowler / Washington Post:
Wladimir Palant / Almost Secure:
Joe Rossignol / MacRumors: