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Daily Crunch: US law enforcement charges SBF with fraud as he awaits extradition after Bahamas arrest

TechCrunch

Trading suits for stripes : After much fodder all over the place of why Sam Bankman-Fried was not behind bars sooner for his involvement in the collapse of FTX, Darrell reports that SBF was arrested in the Bahamas amid fraud charges brought by several U.S. government entities. We’re sure this is just the beginning. Apple’s iOS 16.2

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You can now bid on Fyre Fest merch

The Verge

If you’re pining for the innocent days of 2017, when the biggest screw-up was the music festival meltdown known as Fyre Festival, you’re in luck: you can now own a piece of merch from the disaster. Fyre Festival was supposed to be a “once-in-a-lifetime” luxury musical festival in the Bahamas that took place in April and May 2017.

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That Fyre Fest tweet with the sad sandwich will be auctioned as an NFT for medical expenses

The Verge

The organizers of Fyre Fest billed it as an exclusive, luxury music festival in the Bahamas, which would include top-notch catering, big-name performers, and transportation via Jet Ski and yacht. Kendall Jenner was among the celebrities paid $250,000 to promote the event , which guests paid up to $12,000 to attend.

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The Fyre Festival settlement reveals the true cost of schadenfreude — $7,220 a pop

The Verge

Tickets for the 2017 “luxury” music festival on a remote island in the Bahamas that actually turned out to be a beach full of FEMA tents and some pathetic cheese sandwiches, cost anywhere from $1,000 to as much as $12,000 — more if you bought a package deal.

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Twitter battles all things ElonJet, SBF gets arrested, and OpenAI tries to figure out watermarking

TechCrunch

SBF arrested : Sam Bankman-Fried, founder of the FTX cryptocurrency exchange/Gordian knot that exploded oh-so-dramatically over the last few months, was arrested in the Bahamas this week. Shortly thereafter, the U.S. Instagram gets text-only posts : Ever wished you could post to Instagram without having to take a picture?

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