Techmeme
December 23, 2022, 7:40 AM

Top News

Reuters:
Sam Bankman-Fried appears in NY federal court charged with wire fraud and other crimes; a judge grants a $250M bail confining him to his parents' Palo Alto home  —  Sam Bankman-Fried will be released on a $250 million bond package while he awaits trial on fraud charges related to the collapse …
More: Reuters, New York Times, Wall Street Journal, Sky News, Decrypt, The Block, Bloomberg, Daily Mail, WRAL TechWire, Attack of the 50 Foot …, New York Post, New York Daily News, International Business Times, Associated Press, New York Post, Forkast, crypto.news, Inside Bitcoins, Cryptopolitan, Cointelegraph, Bitcoinist.com, and The MexicaNFTimes
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Sam Reynolds / CoinDesk:
The SEC's complaint against Caroline Ellison and Gary Wang classifies FTX's FTT token as a security since it was “offered and sold as an investment contract”  —  Complaint against Alameda's Caroline Ellison and FTX's Gary Wang contains allegations that FTX's exchange token, FTT, constitutes an investment contract.
Washington Post:
Emily Baker-White / Forbes:
ByteDance fired four employees after finding that they had accessed data on US TikTok users, including reporters, while trying to learn the sources of a story  —  ByteDance confirmed it used TikTok to monitor journalists' physical location using their IP addresses, as first reported by Forbes in October.
Zack Whittaker / TechCrunch:
LastPass says hackers stole a backup copy of users' encrypted and unencrypted vault data using cloud storage keys stolen from a LastPass employee in August 2022  —  Password manager giant LastPass has confirmed that cybercriminals stole its customers' encrypted password vaults …
Nate Raymond / Reuters:
Filing: Meta agrees to pay $725M to settle a class-action lawsuit accusing the company of letting third parties, including Cambridge Analytica, access user data  —  Facebook owner Meta Platforms Inc (META.O) has agreed to pay $725 million to resolve a class-action lawsuit accusing …
Amanda Silberling / TechCrunch:
Twitter begins rolling out publicly visible tweet view counts, expanding on private analytics; Elon Musk says view counts will help show how “alive Twitter is”  —  Twitter is rolling out a feature that shows how many people view your tweets, similar to features on platforms …
Joanna Ossinger / Bloomberg:
Crypto exchange Bullish, backed by Peter Thiel, and Far Peak, a SPAC led by ex-NYSE President Thomas Farley, call off their planned $9B merger announced in 2021  —  Cryptocurrency exchange Bullish and special-purpose acquisition company Far Peak Acquisition Corp. have called off their planned merger.
Davey Alba / Bloomberg:
Research: tens of thousands of Twitter poll bot votes can cost less than $100, potentially undermining Elon Musk's move to rely on polls for company decisions  —  New Twitter Inc. owner Elon Musk has outsourced several controversial decisions — like whether to reinstate former US President …
Sarah E. Needleman / Wall Street Journal:
Microsoft files a rebuttal to the FTC's lawsuit to block its Activision deal, saying the deal won't hurt competition and that it isn't the top game developer  —  Software giant files documents opposing claims that transaction would harm competition in videogame industry

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