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November 10, 2022, 10:32 AM
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| @sbf_ftx: |
[Thread] FTX CEO SBF apologizes, says he “fucked up”, claims his priority is “doing right by users”, plans to raise funds and shutter Alameda, and more — 1) I'm sorry. That's the biggest thing. I fucked up, and should have done better.
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The Verge, Axios, TechCrunch, The Block, CoinDesk, Wall Street Journal, VICE, Bloomberg, CNBC, Financial Times, and Cointelegraph
Tweets: @sbf_ftx, @sbf_ftx, @sbf_ftx, @teo_leibowitz, @dogetoshi, @sbf_ftx, @gartenberg, @ivangbi_, @antoniogm, @trustlessstate, @sbf_ftx, @sbf_ftx, @mhonkasalo, @cryptoalle, @byzgeneral, @smtuffy, @powerhasheur, @smtuffy, @jeffmacke, @trader_xb, @notthreadguy, @benedictevans, @farokh, @jesseolson, @richardmccrackn, @veryimportant, @svetskiwrites, @z0r0zzz, @sven_nft, @buccocapital, @gritcult, @satoshigainz, @smtuffy, @defiyst, @omazmr, @laurashin, @marionawfal, @cryptowendyo, @ashleydcan, @sassal0x, @tree_of_alpha, @napgener, @azeem, @davidzmorris, @jacqmelinek, @mayazi, @thecoffeeblock, @zachxbt, @cryptohuntergon, @defiyst, @cryptodetweiler, @22loops, @hsakatrades, @wassielawyer, @deranzxc, @0xsisyphus, @loopifyyy, @cryptocred, @wublockchain, @hsakatrades, @hidenotslide, @alexh_johnson, @adamscochran, @jimcramer, @deezefi, @jamespmcleod, @emilyjnicolle, @lawmaster, @tier10k, @tier10k, @flureth, @tier10k, @fintechfrank, @kadhim, @jordan_rivs, @twobitidiot, @sairarahman, @adamscochran, @danielacambone, @kadhim, @blusuitdillon, @cryptoncoffeee, @sbf_ftx, @sbf_ftx, @sbf_ftx, @tier10k, and @sbf_ftx
| Wall Street Journal: |
Binance abandons its rescue acquisition offer for FTX after reviewing FTX's finances, saying “the issues are beyond our control or ability to help” — Crypto exchange's decision leaves FTX with uncertain future as it faces multibillion-dollar shortfall — Sam Bankman-Fried in Talks to Raise More Funding
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Sequoia Capital, Reuters, Whitespace, AltFi, CoinDesk, Blockworks, Bloomberg, The Block, CNBC, CNN, New York Times, Cointelegraph, Decrypt, Finbold, Wall Street Journal, TIME, Wccftech, Barron's Online, Coinpedia Fintech News, CryptoGlobe, Trustnodes, WRAL TechWire, BBC, CryptoPotato, and Cryptopolitan
Tweets: @binance, @cz_binance, @justinsuntron, @halocrypto, @cz_binance, @cobie, @zebulgar, @jespow, @binance, @genesistrading, @tier10k, @tier10k, @doombergt, @firstadopter, @hsakatrades, @iamdcinvestor, @stoolpresidente, @fintechfrank, @autismcapital, @1markmoss, @cobie, @jespow, @ianthetechie, @cmsintern, @cryptohayes, @tomwarren, @goodalexander, @binance, @adamscochran, @nathantankus, @ldrogen, @p3b7_, @wassielawyer, @cobie, @rajgokal, @deitaone, @cz_binance, @asvanevik, @shaanvp, @cobie, @jgarzik, @hsakatrades, @rleshner, @binance, @wublockchain, @thestalwart, @hsakatrades, @functi0nzer0, @henrytheeth, @brian_armstrong, and @ohyoublockhead
| Reuters: |
Sources detail FTX's rise and fall: CZ's ~$100M investment in 2019, deteriorating relationship with Binance, significant losses at Alameda in 2022, and more — On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, caught his employees off-guard with a somber message.
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Wall Street Journal, CoinDesk, AppleInsider, Cointelegraph, Gizmodo, Finbold, The Block, Crypto Briefing, and Bitcoin Global Macro
Tweets: @wublockchain, @dystopiabreaker, @jonwu_, @smtuffy, @smtuffy, @alex, and @hsakatrades
| Oliver Knight / CoinDesk: |
Tether freezes FTX's $46M in USDT on the Tron blockchain at the request of law enforcement while investigations occur — Tether received the request to freeze assets while an investigation occurs. — Stablecoin issuer Tether has frozen $46 million of USDT held on the Tron blockchain …
More:
The Block and Cointelegraph
Tweets: @whale_alert, @tier10k, @pentosh1, @whale_alert, @stackersatoshi, @kadhim, @wublockchain, @defiyst, @defiyst, @grindingpoet, @adamscochran, and @adamscochran
| Bryce Elder / Financial Times: |
As FTX faces bankruptcy, an attempt to untangle its extremely complex corporate structure, which could pose a problem for liquidators and law enforcement — Relationship status: it's complicated — With crypto exchange FTX short $8bn and hurtling towards bankruptcy …
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Ars Technica. Tweets: @bondhack, @carrascosacris_, @dogetoshi, @alex, @mptherealmvp, @lefterisjp, @jsphctrl, @gersonmartinez, @nvk, @mayazi, @moo9000, @jeuasommenulle, @louis_ashworth, @bondhack, @vince_stanzione, @adamscochran, @danawrey, and @adam3us
| Dan Primack / Axios: |
Sequoia tells partners the firm marked down its FTX investment of $213.5M across two funds to $0, saying it “ran a rigorous diligence process” before investing — - Its $150 million of exposure to both FTX and FTX.US in its third global growth fund represents less than 3% of that fund's total capital commitment.
More:
Moneycontrol, Newcomer, The Guardian, Blockworks, and Points And Figures
Tweets: @sequoia, @brian_armstrong, @thestalwart, @tarunchitra, @ericnewcomer, and @ericnewcomer
| Gillian Tan / Bloomberg: |
Source: citing an $8B shortfall, Sam Bankman-Fried told investors that FTX needs a cash injection or the company will need to file for bankruptcy — Sam Bankman-Fried told FTX.com investors on Wednesday that without a cash injection the company would need to file for bankruptcy …
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Wall Street Journal, Reuters, Fortune, CNN, The Ankler, and CoinDesk
Tweets: @tier10k, @reptomemmer, @jerallaire, @zhusu, and @epsilontheory
| Tanaya Macheel / CNBC: |
Major coins are plummeting: Solana crashes 30%+ to ~$14, bitcoin drops 14%+ to below $17,000, a new low since November 2020, and ether drops 17%+ to ~$1,200 — FTX token plunges as Binance steps in to buy the crypto exchange's non-U.S. unit: CNBC Crypto World
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CoinDesk, The Block, CoinDesk, Blockworks, Bloomberg, Arthur Hayes, DCD, CNN, CryptoSlate, Coinmonks, The Daily Hodl, NewsBTC, Protocol, Protos, and Forbes
Tweets: @trondaoreserve, @cz_binance, @sbf_ftx, @jimcramer, @weremeow, @brian_armstrong, @ercwl, @astro__magic, @truthcoin, and @dylanleclair_
| Shaurya Malwa / CoinDesk: |
More:
Bloomberg, The Block, and Wired
Tweets: @paoloardoino, @cz_binance, @wublockchain, @aeyakovenko, @jerallaire, @deribitexchange, @cumberlandsays, @lyu_johnny, @cobie, and @antoninexo
| Taylor Hatmaker / TechCrunch: |
Fake Twitter accounts of athletes and other celebrities, some now suspended, are spreading fake announcements and chaos as paid Blue checkmarks become available — Elon Musk's mercurial leadership and half-baked product plans are already creating fertile ground for confusion on Twitter.
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CNN, The Verge, Insider, 9to5Mac, TMZ.com, Digg, Snopes, NBC News, Mashable, and VICE
Tweets: @jasonschreier, @petefrasermusic, @jsrailton, @tmz, @vxunderground, @joonlee, @chadloder, @b_fung, @misterratt, @patblanchfield, @mcuban, and @caseyjohnston
| Kyle Wiggers / TechCrunch: |
After Twitter labels select accounts as “Official”, Elon Musk says he “killed it” and an executive says the label “is still going out” as part of the new Blue — Update: Well, that was fast. The grey checks have begun to disappear following a tweet …
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Engadget, Washington Post, BleepingComputer, Insider, Wall Street Journal, PCMag, Appuals.com, Associated Press, and NBC News
Tweets: @esthercrawford, @esthercrawford, @waemd, @esthercrawford, @elonmusk, @mcuban, @esthercrawford, @mmasnick, @mkbhd, @mkbhd, @enichan, @mmasnick, @dangeredwolf, @fascinated, @mattbinder, @alexvtunzelmann, @mds, @eevee, @levie, @frankluntz, @caseynewton, @ditzkoff, @mcuban, @adambroach, and @steve_vladeck
| Kurt Wagner / Bloomberg: |
In his first email to Twitter staff, Elon Musk warns of “difficult times ahead” and ends remote work policies, saying employees should be in 40+ hours per week — New Twitter Inc. owner Elon Musk emailed his workers for the first time late Wednesday to prepare them for …
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The Guardian, TechCrunch, Protocol, ZDNet, Gizmodo, Engadget, BBC, PCMag, The Economic Times, Financial Times, Android Headlines, Insider, and International Business Times
Tweets: @gergelyorosz, @pkafka, @jenlooper, @igb, @gergelyorosz, @louiseridley, and @sifill_
| Mark Gurman / Bloomberg: |
Apple limits iOS' AirDrop in China for receiving files from non-contacts to 10 minutes after its use in protests, and plans to change the global default in 2023 — Apple Inc. has limited the AirDrop wireless file-sharing feature on iPhones in China after the mechanism was used by protesters to spread images to other iPhone owners.
More:
9to5Mac, XDA Developers, The Verge, AppleInsider, TechSpot, and iMore
Tweets: @zeyiyang, @therealjoshye, @skraicer, and @markmilian
| Kif Leswing / CNBC: |
Apple plans to launch Emergency SOS with Satellite in November and invest $450M in US companies to support the infrastructure, with most going to Globalstar — - Apple said Thursday that it will spend $450 million with U.S. companies including Globalstar to enable its new emergency satellite texting feature.
More:
Apple, MacRumors, TechCrunch, The Verge, AppleInsider, 9to5Mac, Wccftech, WRAL TechWire, and BGR
Tweets: @brandonbutch, @tme_michael, @wright18ted, and @brandonbutch
| Tom Warren / The Verge: |
GitHub is experimenting with “Hey, GitHub!”, a voice-based interaction system that lets programmers code with just their voice, in its $10/month Copilot tool — Microsoft-owned GitHub is experimenting with a new voice-based interaction system for its Copilot software.
More:
The GitHub Blog, Windows Central, TechCrunch, InfoWorld, and Petri IT Knowledgebase. Thanks:@colegarry2
| Politico: |
Experts and Western officials say the Egyptian government's Android app for the COP27 climate summit could help spy on emails, messages, and voice conversations — Western security advisers are warning delegates at the COP27 climate summit not to download the host Egyptian government's … | Cameron Thompson / CoinDesk: |
OpenSea plans to continue to enforce NFT royalties on its platform, after X2Y2, Magic Eden, and LooksRare altered their NFT royalty structures — “The world is otherwise burning, but we decided this couldn't wait,” a representative from OpenSea told CoinDesk.| Tom Warren / The Verge: |
Microsoft begins to roll out iCloud Photos integration in Windows 11 through an update to the built-in Windows Photos app — Microsoft is starting to roll out iCloud Photos integration into Windows 11. A new update to the Photos app in Windows 11 is now available, which will include …
More:
Windows Blog, ZDNet, Pureinfotech, WinBuzzer, and OnMSFT.com
| Gian M. Volpicelli / Wired: |
Law enforcement officers specializing in cryptocurrency investigations are leaving government agencies to join companies like Binance, Coinbase, and Chainalysis — Hunting down crypto criminals is a dying art as law enforcement officers jump in-house. — In the course of a decade … Sponsor Posts
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