Crypto Lender Celsius’ Bankruptcy Judge Orders It to Return $50M of Crypto to Custody Account Holders: Bloomberg
Celsius filed a motion in September to return crypto to customers who held assets in such accounts.
Bankruptcy judge orders $44M in crypto to be returned to Celsius customers
The funds are made up crypto held within custody accounts on Celsius that had not been transferred from earn accounts.
Steve Aoki and 3LAU Launch PUNX Music Project Using CryptoPunks IP
The DJs and NFT enthusiasts are teaming up on an “audio-visual IRL-meets-metaverse supergroup.”
Class action against Kim K, Mayweather over EMAX dismissed… for now
Despite dismissing the case, the judge acknowledged the lawsuit reflects a potentially dangerous trend of fraudulent-like promotional schemes.
FTX hires forensics team to find lost customers’ billions: Report
Lawyers have claimed FTX assets are either stolen or missing and now a team of financial forensic experts is attempting to trace the money trail.
Google combines Maps and Waze teams as pressures mount to cut costs
Google plans to combine the teams working on its Maps product and on Waze, a mapping service that Google acquired in 2013. The merger comes as the search engine giant feels the pressure to cut costs and consolidate operations, reports The Wall Street Journal. Waze’s team of 500 employees will fall under Google’s Geo organization, … Read more
Just 8% of Americans have a positive view of crypto: CNBC survey
CNBC’s All-America Economic Survey was conducted towards the end of November, just a few weeks after the collapse of crypto exchange FTX.
Sexual Economics [pdf]
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Tesla appears to be turning back to radar for its vehicles
Tesla plans to add a new radar product to its vehicles in mid-January, according to documents posted with the Federal Communications Commission. The disclosure, which was first reported by Electrek, comes as the company faces scrutiny over the safety and capabilities of its standard advanced driver assistance system known as Autopilot and the $15,000 optional … Read more
SBF subpoena is ‘definitely on the table,’ says Rep. Maxine Waters
The US lawmaker has refuted a report from CNBC that suggested that they weren’t planning to subpoena the former FTX CEO.
Senate Committee to Subpoena FTX’s Sam Bankman-Fried If He Does Not Testify
The Senate Banking Committee is “prepared” to subpoena FTX founder Sam Bankman-Fried if he does not voluntarily appear at a committee hearing about the collapse of FTX, its leaders said Wednesday.
Piss-Weak Parenting
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First Mover Asia: Here’s What Might Happen to Sino Global’s Liquid Value Fund During FTX’s Bankruptcy Protection Proceedings
Crypto Twitter wanted to know the potential consequences of having Alameda and Sam Bankman-Fried as partners in a fund. So we asked a Hong Kong-based lawyer who specializes in asset tracing and recovery; bitcoin dips but not much.
Now Telegram users don’t need a phone number — they can buy a fake one with crypto
Illustration by Alex Castro / The Verge Telegram released a new version of its encrypted messaging app today that allows for account signups using purchasable blockchain-based identities instead of real phone numbers. In addition, version 9.2 includes the ability to auto-delete messages on a timer for new chats, and there’s an upgrade to the forum-like … Read more
Former Theranos executive Sunny Balwani is sentenced to almost 13 years in prison
Photo: Getty Images Ramesh Balwani has been sentenced to 155 months, or just under 13 years, in prison, according to The New York Times. Like his former business partner, Theranos founder Elizabeth Holmes, he’s due another three years of supervised release after he gets out. Balwani will have to surrender to custody on March 15th. … Read more
Daily Crunch: Plaid unravels a fifth of its workforce after ‘growth did not materialize as quickly as expected’
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello, and welcome to Hump Day! If you haven’t gotten your fill yet of tech egos, you’ll want to tune into today’s Equity podcast, where Natasha M and Alex talk about how … Read more
The Right to Be Lazy (1883)
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The Right to Be Lazy
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Indiana sues TikTok for misleading users on child safety and data security
Illustration by Nick Barclay / The Verge Indiana’s attorney general filed a pair of lawsuits against TikTok on Wednesday, accusing the company of misleading users about its ties to the Chinese government and showing mature content to minors, as first reported by The New York Times. In his first complaint, Attorney General Todd Rokita claimed … Read more
Dish’s $25-a-month Boost Infinite plan is now out in beta
Illustration by Alex Castro / The Verge Dish has launched the beta for its Boost Infinite postpaid cell plan, which promises “Unlimited data, talk, and text” for $25 a month. When Boost Infinite was announced in May, Boost Mobile CEO Stephen Stokols pitched the plan as a way to embrace “web 3.0 trends” that would … Read more