A profile of FTX co-founder and CTO Gary Wang, who sources say doesn’t talk much, is hard to contact, and was one of the few with “root access” to the code base (Kari McMahon/The Block)

U.S. Securities and Exchange Commission:
The SEC charges ex-Alameda CEO Caroline Ellison and ex-FTX CTO Gary Wang for their role in defrauding FTX’s investors at SBF’s direction between 2019 and 2022  —  The Securities and Exchange Commission today charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) …

Kari McMahon / The Block:
BitMEX CEO Alexander Höptner steps down as CEO of the crypto exchange with immediate effect, replaced by CFO Stephan Lutz; Höptner joined BitMEX in 2021  —  – Alexander Höptner is departing from his role as CEO of crypto exchange BitMex with immediate effect.

Kari McMahon / The Block:
London-based Archax, the UK’s only digital asset exchange licensed by the Financial Conduct Authority, raised a $28.5M Series A led by investment firm abrdn  —  Archax, the UK’s only digital asset exchange to be licensed by the Financial Conduct Authority, has raised $28.5 million in a Series A fundraising round.

Lauren Forristal / TechCrunch:
Source: creators that use Snapchat’s TikTok clone Spotlight will now be paid millions per year, down from millions per week in 2021 and $1M per day in 2020  —  Snapchat has changed the way it pays creators through its Spotlight reward fund.  Creators that use Snapchat’s TikTok clone …

Emma Roth / The Verge:
Twitter will stop users from promoting their presence on rival services, including Facebook, Mastodon, and Nostr, and will remove tweets and accounts that do so  —  Twitter will no longer allow users to promote their presence on certain social platforms, including Facebook, Instagram, Mastodon, Truth Social, Tribel, Nostr, and Post.

Emma Roth / The Verge:
Twitter will stop users from promoting their presence on rival services, including Facebook, Mastodon, and Nostr, and will remove tweets and accounts that do so  —  Twitter will no longer allow users to promote their presence on certain social platforms, including Facebook, Instagram, Mastodon, Truth Social, Tribel, Nostr, and Post.