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December 13, 2022, 11:00 AM
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WeSmirchTop 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 $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
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SEC.gov, CoinDesk, Moneycontrol, Reuters, Financial Times, VICE, New York Times, Gizmodo, The Block, PYMNTS.com, BBC, NBC News, The Hill, Washington Post, The Verge, Wall Street Journal, Insider, The Guardian, Financial Times, Blockworks, TechCrunch, @molly0xfff@hachyderm.io, Engadget, NewsBTC, The Block, Crypto Adventure, The Daily Beast, @mmasnick@mastodon.social, CNBC, CoinDesk, Trustnodes, Bloomberg, Decrypt, CoinGape, Ethereum World News, Like What you see? …, BuzzFeed News, Axios, DCFPRESS, CryptoPotato, Semafor, HealthcareInfoSecurity.com, and Coinspeaker
Tweets: @secgov, @spreekaway, @tier10k, @timccopeland, @laurashin, @ddemaree, @digitalassetbuy, @cryptolawus, @wallstreetsilv, @dlauer, @binarybits, @stephanie_murr, @stephanie_murr, @stephanie_murr, @carnage4life, @dogetoshi, @polarpunklabs, @stephanie_murr, @tmuxvim, @arthur_0x, @cgasparino, @spreekaway, @adamscochran, @pt, @kadhim, @wublockchain, @claritytoast, @jim_edwards, @lookner, @breakoutpoint, @kadhim, @jonerlichman, @timccopeland, @tree_of_alpha, @robdothutton, @belisarius2020, @tier10k, @johnedeaton1, @cryptocronkite, @meattc_, @meattc_, @hsakatrades, @kadhim, @annmlipton, @mayazi, @kadhim, @goldseek, @tree_of_alpha, and @tier10k
| 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 …
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Australian Financial Review, CoinDesk, New York Times, Associated Press, New York Times, TechCrunch, Cointelegraph, Insider, Bloomberg, BBC, New York Post, Decrypt, Newslit Daily, Analytics Insight, Watcher Guru, ABC News, CNN, Washington Post, Appuals.com, Finbold, Associated Press, Politico, Bloomberg, The Guardian, and Inside Bitcoins
Tweets: @sdnynews, @sarahnemerson, @latraelrahming, @tier10k, @kaitlancollins, @techemails, @sbf_ftx, @repleezeldin, @tier10k, @chancery_daily, @coffeebreak_yt, @kadhim, @sensherrodbrown, @iamdcinvestor, @ledgerstatus, @cobie, @twobitidiot, @lilmoonlambo, @draftcheat, @can, @ryansadams, @richsignorelli, @dlauer, @chriscantino, @kadhim, @jagoecapital, @asvanevik, @cobie, @wclementeiii, @moonoverlord, @statelayer, @adamscochran, @bondhack, @0xfoobar, @bongcapital, @excellion, @cobie, @kenziesigalos, @alexisohanian, @dystopiabreaker, @beatinthebookie, @0xallen_, @rampcapitalllc, @eriqgardner, @danprimack, @wclementeiii, @marketrebels, @lukewearechange, @stoolpresidente, @0xvktr, @parikpatelcfa, @greg_price11, @gchahal, @mattbinder, @kr00ney, @jason, @davidsirota, @autismcapital, and @davidhundeyin
| CNBC: |
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 …
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Bloomberg, The Southern District of New York, VICE, Reuters, CoinDesk, Bloomberg, CNBC, Axios, Bloomberg, New York Post, TechCircle, Reuters, Semafor, CoinGape, Watcher Guru, Politico, CryptoPotato, Molly White, New York Times, Fortune, Silicon Republic, International Business Times, Bitcoinist.com, and TIME
Tweets: @tier10k, @yaffebellany, @johnedeaton1, @poordart, @cobie, @nic__carter, @lilmoonlambo, @jason_howerton, @kadhim, @dlauer, @kadhim, @cryptokaleo, @anthony, @klasfeldreports, @anthony, @satoshiflipper, @klasfeldreports, @nycsouthpaw, @smtuffy, @ivanthek, @teddyschleifer, @cevalloslaw, @pkelso, @tier10k, @zerohedge, @benfeuerherd, @anthony, @martadhanis, @benfeuerherd, @smtuffy, @coinbureau, @unusual_whales, @smtuffy, and @kenvogel
| Bloomberg: |
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.
More:
docdroid, TheStreet, Reuters, CNBC, Cointelegraph, New York Times, and CoinGape
Tweets: @tier10k, @kadhim, @meattc_, @hsakatrades, @ldrogen, @avi_eisen, @leomschwartz, @meattc_, @deitaone, @meattc_, @tier10k, @pierre_crypt0, @deitaone, and @tier10k
| 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.
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U.S. House Committee …, The Hill, Financial Times, CNBC, New York Post, Cointelegraph, Wall Street Journal, Coinspeaker, and CryptoPotato
Tweets: @sarahnemerson, @layahheilpern, @robinwigg, @autismcapital, @smtuffy, @iseult, @smtuffy, @smtuffy, @andrewperezdc, @smtuffy, @molly0xfff, @napgener, and @robinwigg
| 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 …
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Engadget, CNBC, TheStreet, Insider, MarketWatch, Livemint, Cointelegraph, The Block, International Business Times, CryptoPotato, and WRAL TechWire
Tweets: @workmj, @jeffjohnroberts, @bradmichelson, and @claireeboston
| U.S. House Committee on Financial Services: |
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TheStreet, Forbes, Bitcoinist.com, Bloomberg, and Cryptonews
Tweets: @kadhim, @nic__carter, @deitaone, @nic__carter, @bobonmarkets, @cmsholdings, @kadhim, @molly0xfff, @renato_mariotti, @cailen, @fintechfrank, @altcoinpsycho, @deitaone, and @bcbacker
| 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 …
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CoinDesk, Reuters, Reuters, PYMNTS.com, CNBC, Crypto Daily, Bloomberg, Crowdfund Insider, Watcher Guru, Wall Street Journal, Cointelegraph, CryptoSlate, and CoinJournal
Tweets: @cz_binance, @justinsuntron, @nansen_ai, @binance, @wublockchain, @cz_binance, @cz_binance, @cz_binance, @peckshieldalert, @malwarejake, @cz_binance, @cz_binance, @tree_of_alpha, @fredwalton216, @j0e007, @adamscochran, @akadosang, @nansen_ai, @jackniewold, @cz_binance, @simondixontwitt, @0xponzischeme, @mikeburgersburg, @tree_of_alpha, @tree_of_alpha, and @route2fi
| 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.
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Tom's Hardware, Ars Technica, The Register, Semafor, Wall Street Journal, City A.M., CNBC, Reuters, and Bloomberg
| Julie Zhu / Reuters: |
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 … | 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 …
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Twitter, PCMag, Insider, Android Authority, TechCrunch, KnowTechie, CoinGape, and Android Headlines
Tweets: @elonmusk, @elonmusk, @twitterblue, @twittersupport, @verified, @zacksjerryrig, @populismupdates, @jaykirsch, and @pantibliss
| 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.”
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Insider. Tweets: @elonmusk, @elonmusk, @justin_ling, @saeeddicaprio, @mattbinder, @jonst0kes, @nuicemedia, and @zoeschiffer
| 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 … | Cat Zakrzewski / Washington Post: |
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
More:
Livemint, Financial Times, Associated Press, Silicon Republic, Android Headlines, Committee to Protect …, PCMag, Bloomberg, TechCrunch, ExchangeWire.com, Engadget, The Information, and Newser
| Warren P. Strobel / Wall Street Journal: |
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, @joshuasteinman, and @csetgeorgetown
| Ben Thompson / Stratechery: |
A brief history of the 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:| Financial Times: |
A look at Europe's chip self-sufficiency plans, aided by ASML and others; SEMI estimates 10 new facilities in Europe by 2025, compared to 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 … Sponsor Posts
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