Techmeme
December 28, 2022, 11:00 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:
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.
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.
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 …
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.
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
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.
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 …

Sponsor Posts

TELUS Digital:
Are you ready for the era of agentic AI?  —  Tech leaders are always talking about what's next, and right now, agentic AI is dominating the discourse.  Equip yourself with the info you need in this recorded webinar.
Tribe AI:
State of AI: Adoption, Challenges and Recommendations  —  Examining the current state of AI, the key challenges organizations face, and practical recommendations for utilizing AI integration alongside other best practices.
Zoho:
Everything new in the Zoho Sign iOS mobile app  —  Ranked highly in the iOS App Store (4.9 stars), Zoho Sign's mobile app for iPhone is a user favorite.  We're thrilled to share that the app has been enhanced …
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

Grit:
Flexport's Third Act: Winning in a Broken Global Trade System
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Lenny's Podcast:
Everyone's an engineer now: Inside v0's mission to create a hundred million builders | Guillermo Rauch (founder & CEO of Vercel, creators of v0 and Next.js)
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.
Techmeme Ride Home:
Why COULDN'T Apple Make An iPhone In The US?
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe to Techmeme Ride Home.
The Logan Bartlett Show:
Derek Thompson (Writer, The Atlantic) and Zach Weinberg (Co-founder & CEO, Curie.Bio) Discuss the Tariff Withdrawal and America's Future
A podcast hosted by Logan Bartlett, an investor at Redpoint Ventures, covering tech with industry insiders.
Subscribe to The Logan Bartlett Show.
Hard Fork:
Big Tech's Tariff Chaos + A.I. 2027 + Llama Drama
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
Subscribe to Hard Fork.
Great Chat:
The bull case for domestic manufacturing
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 11:00 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:
Wall Street Journal:

Earlier Picks

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