The SEC charges Sam Bankman-Fried with defrauding investors and concealing diverting FTX customer funds to Alameda while raising $1.8B+ since at least May 2019
Defendant concealed his diversion of FTX customers' funds to crypto trading firm Alameda Research while raising more than $1.8 billion from investors
Bahamas AG Ryan Pinder and US SDNY Attorney Damian Williams confirm Bahamas police arrested Sam Bankman-Fried, who is under indictment and could be extradited
- The cofounder and former CEO of bankrupt crypto trading firm FTX was arrested in the Bahamas after the U.S. attorney …
A look at a draft copy of Sam Bankman-Fried's planned House testimony, including accusations against John Ray and screenshots from a chat with Changpeng Zhao
Sam Bankman-Fried, founder of collapsed crypto exchange FTX, was scheduled to testify Tuesday before the U.S. House of Representatives Committee on Financial Services.
FTX lawyers says Bahamas officials worked to help SBF regain access to FTX Trading's systems, asking him to mint a coin and transfer funds to island officials
Bahamas government officials are working closely with failed crypto magnate Sam Bankman-Fried and trying to help him regain access …
FTX CEO John Ray's testimony to the US House: FTX and Alameda commingled customer assets, insiders were paid $1B+, FTX US was not run independently, and more
Before He Was Arrested Luc Olinga / TheStreet : FTX's Bankman-Fried Used Client Money for Political Donations: SEC Financial Times : FTX live news: Alameda had no list of bank accounts, FTX CEO John R...
The Southern District of New York charges SBF with wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, money laundering, and more
- Federal prosecutors in the Southern District of New York unsealed eight separate charges against disgraced FTX co-founder Sam Bankman-Fried …
Source: US prosecutors charge Sam Bankman-Fried with wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, and money laundering
Changpeng Zhao seeks to reassure Binance users on USDC outflows, saying they can “withdraw any other stablecoin”; Nansen shows $1.6B in ETH outflows in 24 hours
- Binance CEO Changpeng Zhao has addressed major USD Coin outflows. — Some $1.6 billion has been withdrawn …
China files a trade dispute at the WTO against the US over its chip export controls, arguing the curbs threaten the stability of global industrial supply chains
China has launched a trade dispute at the World Trade Organization against the United States over its chip export control measures, China's commerce ministry said.
The CFTC sues Sam Bankman-Fried on fraud charges, alleging FTX “misappropriated customer funds”, violated its TOS, extended Alameda unlimited credit, and more
The Commodity Futures Trading Commission sued Sam Bankman-Fried, FTX and Alameda Research for violations of federal commodities laws.
Email: Twitter dissolves its Trust and Safety Council, saying it isn't “the best structure” for “external insights into our product and policy development work”
Meanwhile, a former top Twitter official fled his home amid attacks following Musk tweets
Elon Musk says Twitter Blue subscribers will see half the number of ads as non-subscribers and that the company plans to offer a higher tier with no ads in 2023
Twitter owner Elon Musk tweeted on Monday that Twitter's Basic blue tick will have half the number of advertisements …
Sources: China is working on a $143B+ five-year support package for its chip industry, mainly including subsidies and tax credits, starting as soon as Q1 2023
China is working on a more than 1 trillion yuan ($143 billion) support package for its semiconductor industry, three sources said …
John Ray III tells the House that FTX has a “paperless bankruptcy” due to an “unprecedented” lack of documentation, FTX and Alameda were not distinct, and more
the same hearing ex-CEO Sam Bankman-Fried was expected to speak at before his arrest Bennett Tomlin / Protos : New FTX chief describes the firm's collapse in bankruptcy testimony Tweets: @zerohedge : ...
A brief history of the 40-year-old video game industry, the rise of Nintendo, the dominance of Sony, and what Microsoft's Activision deal means for competition
The first video game was a 1952 research product called OXO — tic-tac-toe played on a computer the size of a large room:
Sources: on December 11, Twitter briefly blocked traffic from ~30 mobile carriers mainly in the Asia-Pacific region as part of an attempt to rid Twitter of spam
PLUS: Why it's time to start leaving Twitter behind — On Sunday, Elon Musk tweeted a vague warning: “the bots are in for a surprise tomorrow.” Tweets: @elonmusk , @elonmusk , @justin_ling , @saeeddi...
Similarweb: Twitter ad manager visits fell nearly 74% YoY in October and 85% YoY in November, the largest drop since Musk's buyout, continuing into December
Laura Forman / Wall Street Journal :
Sensor Tower: Lensa tops the US App Store with 3.6M installs in December so far, out of 12.6M global installs by December 11, up 600% from November 20 to 30
Lensa AI's popularity has had a notable impact on the App Store's Top Charts. The popular photo and video editing app recently went viral …
The EU publishes a draft approval of its preliminary US data sharing deal, struck in March to ease business sharing, after the US promised surveillance changes
Brussels gives tentative approval as part of pending deal to allow companies to transfer European data across the Atlantic
Memo: online fast fashion retailer Shein is exploring becoming a marketplace for third-party merchants and started diversifying its supply chain away from China
The fast-growing company founded in China has also begun diversifying its supply chain to Europe, according to memo to investors Tweets: @astaniscia86 Tweets: Giulio S. / @astaniscia86 : Shein is on t...
Officials and studies: US spy agencies have been slow to adapt to open-source intelligence, falling behind China, which has the largest and most focused effort
China outpaces efforts by U.S. intelligence agencies to harness power of publicly available data — The U.S. Strategy to Catch Up on China's Global Push for Influence Tweets: @mrbcyber Tweets: Michae...
A look at the EU's plans for local chips, aided by ASML and more; SEMI estimates 10 new facilities in Europe by 2025, compared to 14 in the US and 21 in Taiwan
On the edge of a tranquil forest an hour's drive from Stuttgart, where hiking trails snake through the trees and across gently rolling hills …
Forensic analysis: hackers planted files on at least three Indian activists and likely colluded with police, yet 11 of 16 activists in related case still jailed
And new evidence suggests those hackers may have collaborated with the police who investigated him.
DoNotPay announces an AI-powered chatbot that can renegotiate bills and cancel subscriptions by chatting to customer service, rolling out in the coming weeks
DoNotPay, the company that bills itself as “the world's first robot lawyer,” is launching a new AI-powered chatbot that can help … Tweets: @jbrowder1 , @davidvorick , @ldrogen , @jbrowder1 , and @jbro...
Instagram rolls out Notes, a friend-focused status updates feature that appear atop the inbox, and begins testing BeReal-like Candid Stories in South Africa
Cordilia James / Wall Street Journal :
Chinese police arrest 63 people accused of laundering up to ~$1.7B using Tether, starting in May 2021, after arresting 1,100+ people on similar charges in 2021
Arjun Kharpal / CNBC :
London-based Zappi, which offers an automated, AI-based market research service, raised $170M mostly from Sumeru Equity Partners and says it has ~350 clients
Ingrid Lunden / TechCrunch :
Review of the AMD Radeon RX 7900 XTX and XT: the XTX beats the Nvidia RTX 4080 for $200 less, except in power efficiency and ray tracing, and the XT comes close
Andrew Cunningham / Ars Technica :
Elon Musk tweets an excerpt of Yoel Roth's doctoral dissertation and baselessly suggests the former Twitter executive is an advocate for child sexualization
Bloomberg :
Google's quest to digitize the US DoD's trove of 31M+ human tissue samples and 55M+ slides, the world's largest biorepository, raises ethical and legal concerns
James Bandler / ProPublica : Tweets: @propublica , @silvermanjacob , and @eisingerj Tweets: @propublica : New: The tech giant has long sought access to a priceless trove of veterans' skin samples, tu...
Ngrok, which helps devs deploy sites, services, and apps, raised a $50M Series A led by Lightspeed, says ~5M devs use the service and ~30K are paying customers
Kyle Wiggers / TechCrunch :
Coinbase transparency report: law enforcement requests rose ~66% YoY to 12,320 from October 2021 to September 2022; ~57% of requests were from outside the US
Nelson Wang / CoinDesk : Tweets: @iampaulgrewal Tweets: @iampaulgrewal : Coinbase is proud to publish its fourth transparency report summarizing data requests for customer information we received fro...
Oracle reports Q2 revenue up 18% YoY to $12.28B, vs. $12.05B est., cloud services revenue up 14% YoY to $8.6B, and health data provider Cerner revenue of $1.5B
Jordan Novet / CNBC :
A look at some of the challenges of watermarking AI-generated text, as OpenAI builds a tool for “statistically watermarking” text from ChatGPT and other systems
Kyle Wiggers / TechCrunch : Tweets: @allen_ai Tweets: @allen_ai : Generative language models have entered a new era of fluency and coherence, and knowing when text is AI-produced and not human-produc...
Switzerland-based Nillion, which aims to offer a decentralized network for securing storage and data computation, raised a $20M+ seed led by Distributed Global
NYC-based accounting automation service Vic.ai raised a $52M Series C led by GGV Capital and ICONIQ Growth, bringing its total funding to $115M
Kyle Wiggers / TechCrunch :
Sources: Checkout.com, which offers payment processing tools, slashes its internal valuation to ~$11B, after securing a $40B investor valuation in January 2022
Ivan Levingston / Financial Times :
Some Uber employee email addresses, corporate reports, and IT info were leaked online; Uber says the data is related to a breach of third-party vendor Teqtivity
Lawrence Abrams / BleepingComputer :
Tel Aviv-based game developer Playtika lays off 15% of its staff, or about 615 workers, and removes three titles from its pipeline; its stock is down ~50% YTD
Ingrid Lunden / TechCrunch :
Boston-based cybersecurity startup Snyk raised a $196.5M Series G at a $7.4B valuation, down from $8.5B in September 2021, bringing its total funding to $1.075B
Ron Miller / TechCrunch :
New Zealand-based Partly, whose database of 50M+ car parts from 20K+ suppliers and OEMs is used by marketplaces like eBay, raised a $21M Series A led by Octopus
Rebecca Bellan / TechCrunch :
Atlanta-based MessageGears, a customer engagement service rivaling MoEngage, raised $62M led by Long Ridge Equity Partners, bringing its total funding to $80M+
Shopify's new AI commerce stack
Their VP of Product digs into just-launched products to help entrepreneurs and developers build with the latest AI.
Email fatigue is real: Here's how smart email tools help you regain control
Picture this: It's Monday morning. You walk into the office feeling energized and ready to take on the week.
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.