Techmeme
December 18, 2022, 4:05 AM

Top News

Jasper Ward / Reuters:
Source: Sam Bankman-Fried plans to reverse his decision to contest extradition to the US; legal experts say any trial is likely more than a year away  —  Former FTX CEO Sam Bankman-Fried is expected to appear in court in the Bahamas on Monday to reverse his decision to contest extradition …
New York Times:
Sources: US prosecutors are seeking information from Democrats and Republicans about donations from SBF and ex-FTX executives Ryan Salame and Nishad Singh  —  Federal prosecutors appear to be focusing on possible wrongdoing by cryptocurrency executives, rather than by Democratic or Republican politicians.
Financial Times:
Binance says the crypto exchange saw ~$6B in net withdrawals between December 12 and December 14, which the company fulfilled “without breaking stride”  —  Accounting firm was hired by Binance and other crypto exchanges to conduct key reports  —  Outflows from Binance accelerated …
Mitchell Clark / The Verge:
Twitter reactivates some journalists' accounts, after 58.7% of participants in Elon Musk's poll voted to lift the suspension “now” compared to 41.3% “in 7 days”  —  (The journalists did not reveal his real-time location.)  Out of the two poll options, “now” …
Media Matters for America:
Mike Masnick / Techdirt:
Alex Cranz / The Verge:
Netflix, HBO Max, and other streaming services scale back on experimental content that caters to smaller audiences, amid rising costs and increased competition  —  For a few years, there was a boon of content, and we were all wonderfully spoiled.  And now that's over.  —  It's over.
Nancy Scola / Politico:
A Q&A with CA Rep. Ro Khanna about Elon Musk, being mentioned in the “Twitter Files”, passing antitrust and privacy laws, cryptocurrencies, FTX, and more  —  A longtime creature of the tech world, it's perhaps not surprising that Rep. Ro Khanna makes an appearance in the latest Silicon Valley scandal.

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