Techmeme
December 13, 2022, 6:50 AM

Top News

CNBC:
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 …
More: Australian Financial Review, CoinDesk, Cointelegraph, Finbold, The Guardian, The Verge, BBC, Decrypt, The Economic Times, ABC News, CNN, Insider, Washington Post, Bloomberg, Associated Press, Inside Bitcoins, Emage, Neowin, New York Post, Fortune, Blockworks, Crypto Daily, The Block, Crypto Coin Show Insider …, Reuters, Kotaku, SHERLOC Exposes, Insider, Semafor, CoinGape, Forbes, PYMNTS.com, @steventdennis@journa.host, The Hill, Wccftech, The Register, and BuzzFeed News
U.S. Securities and Exchange Commission:
The SEC charges Sam Bankman-Fried with defrauding investors and concealing diverting FTX customer funds to Alameda while raising over $1.8B  —  Defendant concealed his diversion of FTX customers' funds to crypto trading firm Alameda Research while raising more than $1.8 billion from investors
New York Times:
Source: US prosecutors charge Sam Bankman-Fried with wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, and money laundering  —  A statement by the government of the Bahamas said Mr. Bankman-Fried was arrested after prosecutors in the United States filed criminal charges.
U.S. House Committee on Financial Services:
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  —  Chairwoman Waters, Ranking Member McHenry, distinguished members of the Committee: thank you for the invitation to appear before you today.
Bloomberg:
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 …
Steven Ehrlich / Forbes:
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.
Cat Zakrzewski / Washington Post:
Urvi Dugar / Reuters:
Elon Musk says Blue subscribers will see half the number of ads as non-subscribers and that Twitter 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 and the social media platform …
Adam James / The Block:
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 …
Reuters:
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.
Julie Zhu / Reuters:
Platformer:
Sources: on December 11, Twitter briefly blocked traffic from ~30 mobile carriers, mainly in the Asia-Pacific region, in 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.”
Nelson Wang / CoinDesk:
Coinbase transparency report: law enforcement requests rose ~66% YoY to 12,320 from October 2021 to September 2022; ~57% of them were from outside the US  —  The number of requests from the U.S., which accounted for about 43% of the total, increased by 6%.  —  Coinbase (COIN) …
Sarah Perez / TechCrunch:
Sensor Tower: Lensa tops the US App Store charts with 3.6M installs in December; the app had 12.6M globally in December so far, up 600% from the end of November  —  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 …

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