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November 12, 2022, 4:15 PM
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| CoinDesk: |
FTX claims it has been hacked, and tells users to delete FTX apps, not install app updates, and avoid visiting FTX.com, after $600M+ in crypto left FTX wallets — FTX officials appeared to confirm rumors of a hack on Telegram, instructing users to delete FTX apps and avoid its website.
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Financial Times, CoinDesk, Financial Times, Stephen Diehl, Bloomberg, Wall Street Journal, The Block, The Hill, Elliptic Connect, The Block, CoinDesk, TechCrunch, CryptoSlate, Engadget, Reuters, Washington Post, Bloomberg, Security Affairs, Bloomberg, New York Post, The Block, Financial Times, Bitcoin News, CoinGape, The Verge, CNBC, CoinDesk, New York Times, Axios, Crypto Briefing, Heretic Speculator, Crypto Adventure, CryptoPotato, SlashGear, Blockworks, CryptoGlobe, The Teardown, Web3 is going just great, Cryptopolitan, and CoinJournal
Tweets: @_ryne_miller, @c7five, @0xfoobar, @elonmusk, @zachxbt, @elonmusk, @bgurley, @zachxbt, @meghankreynolds, @0xtre, @spreekaway, @dogetoshi, @autismcapital, @autismcapital, @zachxbt, @robdenbleyker, @wublockchain, @edvis100, @vitalikbuterin, @im_goomba, @mudit__gupta, @0xfoobar, @devchart, @edzitron, @jchervinsky, @milkroaddaily, @phil_lewis_, @kuroxlb, @lookonchain, @scupytrooples, @gordongoner, @autismcapital, @cryptoub, @edzitron, @caseynewton, @davidmweissman, @grdecter, @carnage4life, @dsquareddigest, @rmac18, @zachxbt, @0xfoobar, @matthew_d_green, @0xfoobar, @cd_hooks, @ki_young_ju, @asanwal, @cz_binance, @alexhern, @wallstreetsilv, @bitboy_crypto, @marionawfal, @watcherguru, @0xfoobar, @coinbureau, @minigrogu, @dmitryopines, @beastlyorion, @dogetoshi, @bitboy_crypto, @profjeffjarviss, @jasonfurman, @noahpinion, @zachxbt, @stackersatoshi, @arkhamintel, @cryptotony__, @marionawfal, @tree_of_alpha, @dogetoshi, @jordanschachtel, @harrymccracken, @jillrgunter, @titanxbt, @statelayer, @hsakatrades, @gordongoner, @gergelyorosz, @mathewi, @ryansadams, @crypto_chase, @tradermayne, @novogratz, @wublockchain, @dogetoshi, @route2fi, @sobylife, @tree_of_alpha, @litcapital, @functi0nzer0, @punk6529, @icebergy_, @magicaltux, @cloud_opinion, @coindesk, @valueandtime, @rmac18, @cgasparino, @autismcapital, @nekoztek, @0xfbifemboy, @teroterotero, @conejocapital, @asvanevik, @thedata_nerd, @gurgavin, @adamscochran, @qtrresearch, @enjoyoor, @lawmaster, @adamscochran, @generativist, @dollarsanddata, @cryptovinco, @ericjackson, @zackvoell, @quant_network, @cryptodonalt, @spectatorindex, @punk6529, @peckshieldalert, @lefterisjp, @0xradar, @sassal0x, @the_delysium, @raypaxful, @degenspartan, @levie, @7im, @investmentshulk, @hsakatrades, @tree_of_alpha, @edzitron, @harryh, @weldpond, @titanxbt, @octal, @msuiche, @tszzl, @loopifyyy, @stunlikes, @themlpx, @grdecter, @jonwu_, @marionawfal, @josephpolitano, @carnage4life, @abu9ala7, @richerd, @mattballen4791, @tradermayne, @kdenkss, @fintechfrank, @adamscochran, @ashleevance, @leonidasnft, @levie, @travisyost, @tayvano_, @dannydiekroeger, @davidfbailey, @dylanleclair_, @mhonkasalo, @autismcapital, @altcoindailyio, @mikeisaac, @loopifyyy, @robustus, @tittyrespecter, @whale_alert, @davidinglestv, @0xfoobar, @coinmamba, @justinbennettfx, @bitfinexed, @altcoinpsycho, @iamdcinvestor, @wassielawyer, @salsatekila, @219_eth, @parikpatelcfa, @hunterwalk, @dtrain22k, @route2fi, @zachweinberg, @jeffjohnroberts, @bantg, and @davidgokhshtein
| Angus Berwick / Reuters: |
Sources: spreadsheets shown by SBF to FTX's regulatory and legal teams show that at least $1B of client funds that moved from FTX to Alameda is unaccounted for — At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter.
More:
The Block, The Guardian, Fortune, Mashable, CoinGape, New York Post, Insider, Bitcoin News, and Techaeris
Tweets: @titanxbt, @0xdoug, @peter_tl, @edzitron, @fredbenenson, @greeneman6, @goldman, @celebrityhottub, @ericliptonnyt, @samro, @mikeisaac, @smtuffy, @evanhill, @0xdoug, @alphaketchum, @frances_coppola, @toptickcrypto, @ashleevance, @0xdoug, @jagoecapital, @r0h1n, @0xdoug, @riddle245, @otteroooo, @jtylerconway, @adamscochran, @mudit__gupta, @samueloakford, @iron_spike, @0xdoug, @wbm312, @perpetualswaps, @tristandross, @dinodaizovi, @0xdoug, @murfski_, @jason_kint, @smtuffy, @mevnormie, @gerberkawasaki, @functi0nzer0, @dusk_codes, and @villi
| Financial Times: |
FTX balance sheet: $900M in liquid assets the day before bankruptcy, including $470M in Robinhood shares owned by an SBF entity not listed in bankruptcy filings — Vast gap highlights the dire state of Sam Bankman-Fried's exchange before it collapsed into bankruptcy| Wall Street Journal: |
Sources: Alameda CEO Caroline Ellison told staff on November 9 that she, SBF, and two FTX executives were aware that FTX lent its customers' money to Alameda — Trading firm Alameda's troubles helped lead to the bankruptcy of crypto exchange FTX — Alameda Research's chief executive …
More:
Reuters and The Economic Times
| Shaurya Malwa / CoinDesk: |
FTX US General Counsel says the exchange has moved remaining funds to cold wallets to “mitigate damage” following a series of “unauthorized transactions” — Millions of dollars started to mysteriously move from FTX late Friday U.S. hours.
More:
The Block, Reuters, Bloomberg, Fortune, CoinGape, Cointelegraph, and CryptoSlate
Tweets: @_ryne_miller, @certikalert, @zachxbt, @lookner, @magicaltux, @edzitron, and @0xfoobar
| Bradley Saacks / Semafor: |
Sources: Sam Bankman-Fried and most of his inner circle are still in the Bahamas but many senior FTX executives left for Hong Kong and elsewhere in recent days — Bradley is a Business & Finance reporter for Semafor, joining us from Business Insider. Sign up for Semafor Business to get his scoops and coverage of the industry.
More:
Reuters, Bloomberg, Forbes, CNBC, South China Morning Post, CoinGape, and Bitcoin News
| MacKenzie Sigalos / CNBC: |
Report: FTX legal and finance teams learned that SBF implemented a “backdoor” in FTX's bookkeeping system to alter financial records without alerting others — - Reuters reports that at least $1 billion worth of customer funds have vanished from the failed crypto exchange.
Tweets: @ozard_ofwiz
| Bloomberg: |
FTX's crash highlights flaws like Sequoia's lack of access to Alameda's balance sheet despite its due diligence and the investors failing to demand a board seat — Among the last people to realize that the cryptocurrency exchange FTX was a financial time bomb were the company's own investors.
More:
New York Times. Tweets: @tobin_tweets, @jimeharrisjr, @katie_roof, @jswatz, and @petersgoodman
| New York Times: |
Internal docs and court records: FBI made a push in late 2020 and H1 2021 to deploy Pegasus in criminal investigations, before dropping the plans in July 2021 — Christopher Wray, the F.B.I.'s director, told Congress last December that the bureau purchased the phone hacking tool Pegasus for research purposes.
More:
Engadget. Tweets: @froomkin, @ronenbergman, @amypeikoff, @hatr, @matinastevis, @douglaslondon5, @allthingsnatsec, @alanvrk, @zackwhittaker, @snlyngaas, @justinhendrix, and @llchristyll
| New York Times: |
An internal Twitter log shows that more than 140,000 accounts had signed up for the new Twitter Blue as of November 10 — The social media service, which is undergoing changes from its new owner Elon Musk, has descended into a messy swirl of spoof messages and parody accounts.
More:
The Irish Times, Gray Mirror, Mashable, Vox, and The Morning Show
| Elizabeth Lopatto / The Verge: |
| Washington Post: |
| Clive Thompson / UX Collective: |
A look at Mastodon's “antiviral” design and culture, where users push back at features and behaviors that promote virality, and embrace things that add friction — Back in 2017 I wrote a short column for Wired about “antiviral” design. — I'd recently been using some fun …
Tweets: @pomeranian99
| Jon Victor / The Information: |
Sources: founders of AI startup Laserlike, acquired by Apple in 2018, have left to rejoin Google, including Srinivasan Venkatachary, who led Apple's search team — In late 2018, Apple boosted its development of a web search engine by buying Laserlike, a startup founded by a trio … | Natasha Mascarenhas / TechCrunch: |
Harmonic, which runs a startup search query tool that is used by investors like a16z and Accel, raised a $23M Series A led by Sozo Ventures — Siri, show me fintech companies, founded in the last two years, that haven't raised over the past year but have grown headcount by 100% in the same time frame …
Tweets: @harmonic_ai and @nmasc_
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