Techmeme
December 28, 2022, 3:50 PM

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.
Jonathan Stempel / Reuters:
Court records: SBF is expected to enter a plea before a new judge on January 3, after the original judge recused herself as her husband's law firm advised FTX  —  Sam Bankman-Fried is expected to enter a plea next week to criminal charges he defrauded investors and looted billions of dollars …
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 …
Oliver Knight / CoinDesk:
SEC filing: MicroStrategy acquired ~3,205 BTC for ~$56.4M from Nov. 1 to Dec. 24 and sold ~704 BTC on Dec. 22 to offset gains, taking its holding to ~132.5K BTC  —  The software company also sold a small amount of the cryptocurrency for the first time.  —  MicroStrategy (MSTR) …
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.
Theo Wayt / The Information:
Source: Amazon is working on a standalone app for watching sports, decluttering the Prime Video app; Andy Jassy recently reaffirmed Amazon's video ambitions  —  Amazon is working on a stand-alone app for watching sports content, a source with direct knowledge of the plan told The Information.
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 …
Ian Johnston / Financial Times:
Mastodon CEO Eugen Rochko says he rejected more than five US investors offering “hundreds of thousands of dollars” to protect the platform's nonprofit status  —  Fast-growing open-source microblogging site has seen a surge of interest since Elon Musk took over Twitter
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.
Moira Warburton / Reuters:
The US House bans TikTok on all House-managed devices, citing a “high risk due to a number of security issues”, following similar bans for US government devices  —  The popular Chinese video app TikTok has been banned from all U.S. House of Representatives-managed devices …
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 …

Sponsor Posts

Termina:
AI Powered Diligence at Scale  —  VCs and founders deploy Termina AI Scans on >12% of all known series A+ deals to uncover hidden risks and opportunities.  Explore how you too can invest and build better companies with AI.
Zoho:
Top live chat software in 2025  —  When it comes to customer communication, every second counts for businesses because it leads to either a treasure trove or an empty cave.  To help with this …
SBS Comms:
Expect Better: SBS Comms  —  The media landscape is changing fast, so don't be slow — out with the old, in with the new.  SBS helps tech companies like GitHub, Cloudflare, Flexport, Ramp and more modernize comms and secure impactful results.
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

Diggnation:
Under the Wire with AI, Exoskeletons, and Gaming PC builds
Kevin Rose and Alex Albrecht give you their unique, sometimes awkward, and always hilarious take on the edges of the internet.
Subscribe to Diggnation.
Techmeme Ride Home:
Folks Are Circling Intel
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe to Techmeme Ride Home.
Grit:
Co-founder & CEO, Wolt & Head of DoorDash International, Miki Kuusi: The Next Mountain
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Lenny's Podcast:
A founder's guide to crisis management | Uri Levine (Waze co-founder, serial entrepreneur)
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.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 3:50 PM 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

Benjamin Parkin / Financial Times:
Josh Ye / Reuters:

Earlier Picks

Wall Street Journal:
Wall Street Journal:
Bloomberg:
Taylor Rains / Insider:
Joe Rossignol / MacRumors: