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November 23, 2022, 9:40 AM
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| Nikhilesh De / CoinDesk: |
SBF claims FTX had ~$60B in collateral in spring 2022, before a credit squeeze, market selloff, and “run on the bank” reduced it to $9B and led to bankruptcy — The former FTX CEO did not address concerns about customer funds being misappropriated or other recent revelations about the company.
More:
Insider, The Guardian, The Block, Crowdfund Insider, Cryptopolitan, Bloomberg, Watcher Guru, crypto.news, Insider, Waivly, and South China Morning Post
Tweets: @lizrhoffman, @lizrhoffman, @nic__carter, @caspiancey, @johnedeaton1, @smtuffy, @wublockchain, @lizrhoffman, @ercwl, @crypto_bitlord7, @rnr_0, @doombergt, @wallstreetsilv, @neiljacobs, @carnage4life, @nlw, @silvermanjacob, @thormaximalist, @j_dot_j, @alistairmilne, @iamdcinvestor, @ldrogen, @iamdcinvestor, @lilmoonlambo, @iamdcinvestor, @lynaldencontact, @alexhern, @wallstreetsilv, @stackersatoshi, @wublockchain, @austen, @davidbelle_, @billym2k, @investmentshulk, @amasad, @adamscochran, @zerohedge, @futurenomics, @lizrhoffman, @autismcapital, @mdudas, @amasad, @caspiancey, @andy8052, @jgreco, @lizrhoffman, @milessuter, @inartecarlodoss, @thormaximalist, @maxboonen, @adamscochran, @nic__carter, @iamdcinvestor, @smtuffy, @johnedeaton1, @trader1sz, @austen, @mdudas, @macrocephalopod, @doombergt, @longshorttrader, @thecryptomars, @satsdart, @carnage4life, @johnnyp135dfs, @frances_coppola, and @renato_mariotti
| Berber Jin / Wall Street Journal: |
Sources: Sequoia apologized to its fund investors for the $150M lost on its FTX bet and details plans to improve its due diligence process on new investments — Venture-capital firm tells fund investors that it will improve due diligence on future investments after $150 million loss on crypto exchange
More:
Bloomberg, Cryptonews, Tech in Asia, and crypto.news
Tweets: @schuldensuehner, @lizhabib, @howardlindzon, @scottmelker, @berber_jin1, @heathersomervil, @joeemison, and @carnage4life
| Ken Sweet / Associated Press: |
In a bankruptcy hearing, FTX lawyers say a “substantial amount” of assets have been stolen from accounts; client names and addresses will be redacted for now — Lawyers for FTX disclosed Tuesday that a “substantial amount” of assets has been stolen from the accounts …
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Wall Street Journal, New York Times, Blockworks, Vox, CNBC, Panda Security Mediacenter, Forkast, and Coinspeaker
| Bloomberg: |
Sources: hundreds of Foxconn workers at the iPhone plant in Zhengzhou clashed with security guards as protests erupted over unpaid wages and COVID-19 fears — Hundreds of workers at Apple Inc.'s main iPhone-making plant in China clashed with security personnel, as tensions boiled over after almost …
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South China Morning Post, BBC, CNN, AppleInsider, 9to5Mac, Reuters, Financial Times, PCMag, The Verge, Forbes, The Guardian, Patently Apple, Livemint, Engadget, Appuals.com, City A.M., iPhone in Canada Blog, BGR, Wccftech, Wall Street Journal, MacRumors, WRAL TechWire, The Information, France 24, TechCrunch, Quartz, Philip Elmer‑DeWitt, iMore, Fossbytes, Tech Xplore, CNET, and Neowin
Tweets: @violazhouyi, @byron_wan, @smritisharma_, @violazhouyi, @violazhouyi, @violazhouyi, @jenniferzeng97, @violazhouyi, @nrg8000, @patrickmoorhead, @tculpan, @williamyang120, @pelstrom, @lisaabramowicz1, @noahpinion, @fangshimin, @stephenmcdonell, @jenniferzeng97, @jenniferzeng97, @manyapan, @williamyang120, @reloaded7701, @byron_wan, @lauriechenwords, @tobitac, @matthew_pines, @pelstrom, @ipaulcanada, @oliviasolon, @jenniferzeng97, @niubi, @tommackenzietv, @keithmccullough, @niubi, @lauriechenwords, @tw_tomy7, @dylanfrank21, @gundamnorthrop, @amberchoudhury, @jenniferzeng97, @sentdefender, @chinalaborwatch, @pelstrom, @saikirankannan, @jorge_guajardo, @nrg8000, @bibekbhandari, @nrg8000, @dtiffroberts, @niubi, @shashidigital, @ryan_chua, and @tw_tomy7
| AJ Vicens / CyberScoop: |
In its Q3 Adversarial Threat Report, Meta attributes a pro-US campaign to US military-run phony Facebook accounts, Pages, Groups, and Instagram accounts — People associated with the U.S. military were behind dozens of phony Facebook accounts, more than a dozen pages, a pair of groups …
More:
Meta, Metacurity, Washington Post, CNN, and The Hacker News
Tweets: @vatsrishap, @benimmo, @guyro, @lukolejnik, @ivanastradner, @davidagranovich, @joetidy, @nakashimae, @benimmo, @evaristegal0is, and @davidagranovich
| Jeff Horwitz / Wall Street Journal: |
More:
CNET, Inc42 Media, Meta, and Meta
Tweets: @guyro, @paulszoldra, @wsj, @kevinroose, @jeffhorwitz, @kyurieff, @jeffhorwitz, @kevinroose, @benimmo, @nohackme, @dannygroner, @davidclinchnews, and @anthony
| New York Times: |
Since Elon Musk's takeover, sources say Twitter has in some cases chosen not to pay vendors, as it reviews and renegotiates deals to cut expenses — Mr. Musk and his advisers are examining all types of expenses at Twitter. Some of the social media company's vendors have gotten stiffed.| Liz Hoffman / Semafor: |
More:
Insider, Watcher Guru, Coinpedia Fintech News, and The Verge
| Alex Heath / The Verge: |
More:
The Verge, Ars Technica, Fortune, and Android Headlines
Tweets: @caseynewton, @alexeheath, @elonmusk, @alexeheath, and @alexeheath
| Washington Post: |
Pathmatics: over a third of Twitter's top 100 clients, including Mars and Jeep, as well as 14 of the top 50, haven't advertised on Twitter in the past two weeks — More than a third of Twitter's top 100 clients have not advertised on the platform in the past two weeks, data shows
More:
MediaNama, Newser, and Gizmodo
Tweets: @mekkaokereke, @davidakaye, @wongmjane, @albertocairo, @levynews, @pt, @cfishman, @fly4dat, @sameer_singh17, @kantrowitz, @davidakaye, @sethabramson, and @aroondeep
| Cecilia D'Anastasio / Bloomberg: |
Amazon's Twitch makes changes to address child predation concerns, including mandatory phone verification and improving account termination for users under 13 — Twitch, the video game livestreaming site popular with teens and kids, announced changes it's making on the platform to increase safety …
More:
GamesIndustry.biz and Digit
Tweets: @mattnavarra, @cecianasta, @cecianasta, @cecianasta, and @zombaekillz
| Bloomberg: |
Sources: Genesis Global has $2.8B in outstanding loans, including ~30% of its lending made to related parties like its parent company DCG — The troubled brokerage Genesis Global has $2.8 billion in outstanding loans on its balance sheet, with about 30% of its lending made to related parties including …
More:
New York Times, Dirty Bubble Media, CoinDesk, Wall Street Journal, CoinDesk, Coinspeaker, NewsBTC, Crypto Briefing, Cointelegraph, and Bitcoin News
Tweets: @tier10k, @tier10k, @ap_archpublic, @fintechfrank, @charliebilello, @hodlkryptonite, @hodlkryptonite, @nic__carter, @danheld, @wublockchain, @laurashin, @drnicka, @cryptocronkite, @mylesudland, @mtrl_scientist, @jdorman81, @loopifyyy, @darealmilkbagz, @sicarious_, @ap_archpublic, @gainzy222, @delphi_digital, @delphi_digital, @wintonark, @highcoinviction, @delphi_digital, @twobitidiot, @delphi_digital, @iamdcinvestor, @nachotrades, @joeconsorti, @kadhim, @marionawfal, @dylanleclair_, @fintechfrank, @pythianism, @tree_of_alpha, @ek_hudson, @kyledoops, @tier10k, @tier10k, @tier10k, @tier10k, @mikeburgersburg, and @tier10k
| Sergiu Gatlan / BleepingComputer: |
Windows Subsystem for Linux is now generally available for Windows 10 and 11 via the Microsoft Store, as Microsoft makes the Store version of WSL the default — Microsoft announced today that the Store version of Windows Subsystem for Linux (WSL) is generally available for Windows 10 and 11 customers.
More:
Windows Command Line, XDA Developers, BetaNews, WinBuzzer, Windows Report, MSPoweruser, and The Register
Tweets: @shanselman, @kelseyhightower, @etchedpixels, @technige, and @thiojoe
| Denny Jacob / Wall Street Journal: |
HP plans to lay off 4,000-6,000 employees, or up to ~10% of its workforce, over the next three years, aiming to achieve $1.4B in annualized cost savings — Dell warns of a worsening decline after a 17% drop in third-quarter laptop and desktop sales — HP Inc. HPQ 0.75%increase …
More:
CNBC, Tech Monitor, WRAL TechWire, TechSpot, The Overspill, and The Register
Tweets: @carlquintanilla and @kasdad
| Taylor Lorenz / Washington Post: |
An interview with @dril on Elon Musk's Twitter, which he says is “a work in progress”, like Hyperloop, and will be a “beautiful thing at the end of the day” — The ‘patron saint of the internet’ tells The Post he'll never pay for verification but will learn to code if Musk offers him a job
Tweets: @dril, @drewharwell, @samuelsokol, @samuelsokol, @emgusk, @freedmanae, @cosmoskyle, @ejkalafarski, @fire_badger, @mikurubaeahina, @jaredbkeller, and @dril
| New York Times: |
New York becomes the first US state to restrict crypto-mining as Gov. Kathy Hochul signs a bill imposing a two-year moratorium on permits at fossil fuel plants — National cryptocurrency industry groups had lobbied Gov. Kathy Hochul to veto the environmental ban, fearful that other states could follow New York's lead.
More:
Bloomberg, Wall Street Journal, Decrypt, CryptoPotato, Associated Press, ZyCrypto, Cointelegraph, CoinDesk, CoinGape, The Hill, and Forkast
Tweets: @periannedc, @pt, @nytimes, @danielsgoldman, @bradlander, @andrewgiambrone, @sethmpk, @sunjeevbery, and @luisferre
| Julian Mark / Washington Post: |
Digital World Acquisition Corp. says investors voted to extend the deadline to merge with Truth Social to September 2023, pending an investigation by regulators — The move by shareholders of the company that would merge with Trump Media & Technology Group buys time as regulators investigate the proposed deal.| Mark Sweney / The Guardian: |
The UK's National Audit Office says a 2% digital services tax on the gross revenue of Amazon, Apple, and other US giants reaped almost £360M in its first year — Figure raised exceeds what most of the digital businesses have been paying in UK corporation taxSponsor Posts
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