An investigation details US telecom giants abusing the FCC’s $14B Affordable Connectivity Program by introducing price hikes, speed cuts, and fraud risks (Tony Romm/Washington Post)

Jonathan Greig / The Record:
Microsoft accuses China-backed nation state hackers of abusing the country’s vulnerability disclosure requirements to discover and develop zero-day exploits  —  Microsoft on Friday accused state-backed hackers in China of abusing the country’s vulnerability disclosure requirements in an effort to discover and develop zero-day exploits.

CNBC:
The Southern District of New York charges SBF with wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, money laundering, and more  —  – Federal prosecutors in the Southern District of New York unsealed eight seperate charges against disgraced FTX co-founder Sam Bankman-Fried …

Todd Shields / Bloomberg:
The FCC imposes a ban on equipment from Huawei and ZTE, camera providers Hikvision and Dahua, and radio maker Hytera, citing “a risk to national security”  —  US regulators imposed a ban on electronic equipment from Huawei Technologies Co. and ZTE Corp., continuing a years-long effort …

Michael Sheetz / CNBC:
SpaceX gets FCC approval to deploy up to 7,500 next-generation Starlink internet satellites in low Earth orbit; SpaceX had applied for nearly 30K satellites  —  – The FCC issued a key authorization to Elon Musk’s SpaceX, granting approval to launch up to 7,500 of its next-generation Starlink internet satellites.

Nilay Patel / The Verge:
Q&A with telecom reporter Karl Bode about Gigi Sohn’s nomination to the FCC as Comcast and Fox Corp. team up to lobby swing votes in the Senate against her  —  How often do the parent companies of Fox News and MSNBC team up? … Today, we’re just talking about a problem.

Tony Romm / Washington Post:
US House committee report details how fintech companies, like Blueacorn, allegedly disbursed billions in fraudulent PPP loans, while collecting billions in fees  —  Little-known firms such as Blueacorn and Womply allegedly collected taxpayer-funded fees as they overlooked signs of grift …