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Suspected developer of crypto mixer Tornado Cash arrested

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The Dutch government agency responsible for investigating financial crimes said it has arrested an individual suspected of being a developer of the U.S.-sanctioned crypto mixing service Tornado Cash  in a move that has rattled some crypto and privacy advocates. The Fiscal Information and Investigation Service said Friday that the arrested 29-year-old man is suspected to be involved in “concealing criminal financial flows and facilitating money laundering” through the popular crypto mixing service. “Multiple arrests are not ruled out,” it said. The agency added that it arrested the individual in Amsterdam. The move comes days after the U.S. government sanctioned Tornado Cash — a service that allows users to mask their transactions by jumbling funds from different sources before sending them to the ultimate destination — for its role in enabling billions of dollars’ worth of cryptocurrency to be laundered through its platform. Tornado Cash has been used to launder more than $7 bill
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Amazon launches AWS Private 5G so companies can build their own 4G mobile networks

Amazon’s cash-cow cloud division AWS has launched a new service designed to help companies deploy their own private 5G networks — eventually, at least. AWS first announced AWS Private 5G in early preview late last year, but it’s now officially available to AWS customers starting in its U.S. East (Ohio), U.S. East (N. Virginia), and U.S. West (Oregon) regions, with plans to roll it out internationally “in the near future.” But — and this is a big “but” — despite its name, AWS Private 5G currently only supports 4G LTE. With AWS Private 5G , companies order the hardware (a radio unit) and a bunch of special SIM cards directly from AWS, and AWS then provides all the necessary software and APIs (application programming interfaces) to enable businesses to set up their own private mobile network on-site. This incorporates the AWS Management Console, through which users specify where they want to build their network and their required capacity, with AWS automating the network setup and d
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Google fined $40M+ for misleading location tracking settings on Android

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Google has been sanctioned A$60 million (around $40M+) in Australia over Android settings it had applied, dating back around five years, which were found — in a 2021 court ruling — to have mislead consumers about its location data collection. Australia’s Competition & Consumer Commission (ACCC) instigated proceedings against Google and its Australia subsidiary back in October 2019, going on to take the tech giant to court for making misleading representations to consumers about the collection and use of their personal location data on Android phones, between January 2017 and December 2018. In April 2021  the court found Google had breached Australia’s Consumer Law when it represented to some Android users that the “Location History” setting was the only Google account setting affecting whether it collected, kept and used personally identifiable data about their location. In actuality, another setting — called ‘Web & App Activity’ — also enabled Google to grab Android users’
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Samsung heir receives presidential pardon in a bid to ‘overcome economic crisis’

Samsung Electronics vice chairman Jay Y. Lee will receive a presidential pardon on Monday, South Korea’s Ministry of Justice said, paving way for the heir to the country’s biggest company to regain power at the top. Lee was paroled from prison last year after serving 18 months in jail for bribing former South Korean president Park Geun-hye. The parole banned Lee from being employed for five years and limited overseas travel. The pardon will erase the 54-year-old executive’s criminal record from his 2017 conviction. The special pardon will enable Samsung’s de facto leader Lee, the grandson of Samsung’s founder, to officially participate in management, restoring his right to work at the giant tech company. His arrival is expected to help Samsung accelerate its decision-making on major strategies from chipmaking to investment plans. The pardon comes as the semiconductor industry faces challenges like supply shortages from the coronavirus pandemic, inflation, and logistics snags. A Sou
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Amazon-owned MGM makes a viral video show with surveillance footage from Amazon-owned Ring

MGM (which is owned by Amazon) is making a viral video show based on footage from Ring security cameras (also owned by Amazon). The syndicated television show, “Ring Nation,” is poised to be a modern-day, surveillance-tinged spin on “America’s Funniest Home Videos” with Wanda Sykes as host. According to a report in Deadline , the show will feature Ring footage of “neighbors saving neighbors, marriage proposals, military reunions and silly animals.” Ring is also known for activities like  accidentally leaking people’s home addresses and handing over footage to the government without users’ permission . Between January and July of this year, Amazon shared ring doorbell footage with U.S. authorities 11 times without the device owner’s consent. Ring has been critiqued for working unusually closely with at least 2,200 police departments around the United States, allowing police to request video doorbell camera footage from homeowners through Ring’s Neighbors app. Like Citizen and Nextdo
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Digital health unicorn Truepill conducts third round of layoffs in 2022

Truepill , a platform that helps other companies offer diagnostics, telehealth services and prescriptions, has conducted its third mass layoff in a string of workforce reductions, sources tell TechCrunch. The layoff impacted about third of the company, or 175 people. One source says that Truepill’s entire U.K. team was laid off, as well as a meaningful portion of the virtual pharmacy platform’s product team. The data team was also impacted, while the diagnostics and telehealth components of the company — its core services — will be only lightly supported going forward. Impacted employees were told that they lost their jobs via a Zoom call, and some were told that severance details would be shared in the next few days. Truepill’s next chapter will be the pharmacy operations portion of the business, a return to form after Truepill’s frantic COVID-19 product sprint. When Truepill first launched, it described itself as the AWS for pharmacies, powering companies like Hims, Nurx, LemonAID
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Daily Crunch: Facebook avoids European blackout as regulators squabble over EU-US data transfers 

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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 “happy Friday junior,” as someone put in their email to me today. I hope it has been a productive Thursday for you. Haje is hanging with a bunch of robotics technology, so it’s just me and my trusty Lakeland Terrier companion delivering the juicy morsels of news goodness today. Please enjoy his Pitch Deck Teardown on Five Flute while he’s away. Sadly for this flute player, it’s not a flute maker. See you tomorrow! — Christine The TechCrunch Top 3 Data protection woes : Facebook has managed to avoid being shut down in Europe, but Natasha L writes that its parent, Meta, may be facing a suspension. Here and yonder : I wrote about wealth technology firm Farther, which brought in $15 million in funding to boost its valuation to $50 million. The company provides tools for financial advisors to expand their business, while also enabling user
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