Filings: TuSimple co-founder Mo Chen consolidates power, acquiring 59% of the voting stock, as the US investigates the self-driving trucking company (Heather Somerville/Wall Street Journal)

Wall Street Journal:
Sources: US-based self-driving trucking company TuSimple faces US federal probes into whether it improperly financed and transferred tech to a Chinese startup  —  Government authorities are investigating whether the U.S. self-driving trucking company defrauded investors by financing and transferring technology to China-backed Hydron

Rebecca Bellan / TechCrunch:
TuSimple confirms plans to lay off 25% of its workforce, or an estimated 350 workers, following a rough year for the self-driving trucking company  —  Update: CEO Cheng Lu said laid off workers will remain on the payroll for two months and will receive severance.  —  Well, we knew it was coming.

Wall Street Journal:
TuSimple’s board fires CEO Xiaodi Hou after reports the US is probing whether it improperly financed and transferred tech to a Chinese startup; stock drops 44%+  —  Self-driving trucking company’s leadership faces federal investigations into whether it improperly financed and transferred technology to a Chinese startup

Taylor Soper / GeekWire:
Twilio will sunset Zipwhip’s business texting service on December 1, 2023, after acquiring the Seattle startup last year for $850M in cash and stock  —  Twilio will sunset Zipwhip’s software after acquiring the Seattle startup for $850 million last year.  —  According to the latest update …

Nikhilesh De / CoinDesk:
100+ BTC was moved out of cold storage wallets tied to QuadrigaCX, the exchange that went bankrupt after its CEO allegedly died, claimed to be inaccessible  —  More than 100 BTC tied to QuadrigaCX moved out of cold storage wallets over the weekend.  Quadriga’s bankruptcy trustee …

Tom Giles / Bloomberg:
Filing: Twitter says Elon Musk is under a federal investigation related to his acquisition of the company and asks for access to docs he gave to authorities  —  Billionaire Elon Musk is being investigated by federal authorities related to his attempted acquisition of Twitter Inc. …