Techmeme
December 28, 2022, 5:25 AM

Top News

Jonathan Stempel / Reuters:
Filings: the US arrested and charged a man 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 …
Ava Benny-Morrison / Bloomberg:
Source: the DOJ launched a criminal investigation into the alleged $370M+ in assets stolen as FTX declared bankruptcy, separate from its fraud case against SBF  —  Federal prosecutors are investigating an alleged cybercrime that drained more than $370 million out of FTX just hours …
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 …
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.
Wladimir Palant / Almost Secure:
LastPass' breach update was full of lies, omitted damning info, tried to present the August 2022 incident and the data leak as two separate events, and more  —  Right before the holiday season, LastPass published an update on their breach.  As people have speculated, this timing was likely …
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.
Eli Tan / CoinDesk:
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.
Taylor Rains / Insider:
Southwest Airlines says an operational meltdown over the holiday weekend was partly caused by its scheduling software, which a union rep called “outdated”  —  - Southwest Airlines has canceled nearly 2,600 flights so far on Tuesday after canceling over 2,900 on Monday.
Joe Rossignol / MacRumors:
Kuo: Apple plans to ship an updated iPad mini in late 2023 or H1 2024 with a new chip as its main selling point; a foldable iPad is unlikely to replace the mini  —  Apple is working on a new version of the iPad mini, with mass shipments expected to start towards the end of 2023 or in the first half of 2024 …
Geoffrey A. Fowler / Washington Post:
Shadowbanning is real and social media platforms should be more transparent; a survey shows nearly one in 10 US social media users report being shadowbanned  —  Elon Musk is right: Social media should tell you when you're shadowbanned  —  Art teacher Jennifer Bloomer has used Instagram …
Kyle Wiggers / TechCrunch:
Researchers discuss AI expectations for 2023: continued problematic art-generating apps, incoming regulations, open-source and decentralized efforts, and more  —  As a rather commercially successful author once wrote, “the night is dark and full of terrors, the day bright and beautiful and full of hope.”
Wall Street Journal:
ZipRecruiter: 37% of laid off or fired tech workers were able to find a job within a month of starting their search and ~79% were able to within three months  —  Openings across the economy are down from highs but far exceed the number of unemployed Americans  —  Why Tech Layoffs Don't Reflect the Job Market

Sponsor Posts

TELUS Digital:
What you need to know about fine-tuning LLMs  —  Success with generative AI hinges on honing a pretrained LLM to be a specialist at your intended domain or application.  Learn how to fine-tune for four key characteristics.
Intel:
Intel Delivers powerful CPUs for AI and Networking  —  With the onset of AI, businesses demand powerful and efficient CPUs.  Explore new Intel Xeon 6 processors, for the broadest set of workloads with leadership performance and lower TCO.
Zoho:
Planned India Data Center Maintenance on 5th and 6th April 2025 from 09.00 AM to 09:30 AM IST for Zoho Payments  —  Dear customers,Our bi-annual infrastructure maintenance for our India Data Center is scheduled for April 5 & 6 …
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

Techmeme Ride Home:
CoreWeave's Weak IPO
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe to Techmeme Ride Home.
Hard Fork:
The Tech Behind Signalgate + Dwarkesh Patel's "Scaling Era" + Is A.I. Making Our Listeners Dumb?
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.
The Logan Bartlett Show:
Aaron Levie (CEO, Box) on Enterprise AI Trends No One is Talking About Yet
A podcast hosted by Logan Bartlett, an investor at Redpoint Ventures, covering tech with industry insiders.
Subscribe to The Logan Bartlett Show.
Invest Like the Best:
Josh Kushner - Building Thrive Capital
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Great Chat:
Does anyone care about bad behavior anymore?
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.
Decoder with Nilay Patel:
Capitalism vs. the bird flu
A show from the Verge about big ideas - and other problems.
Subscribe to Decoder with Nilay Patel.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 5:25 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

Wall Street Journal:
Asa Fitch / Wall Street Journal:
K Oanh Ha / Bloomberg:

Earlier Picks

Financial Times:
New York Times:
Nilay Patel / The Verge: