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November 11, 2022, 3:45 PM
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| MacKenzie Sigalos / CNBC: |
FTX, FTX US, and Alameda file for Chapter 11 bankruptcy in the US; Sam Bankman-Fried resigns as CEO — - Sam Bankman-Fried's cryptocurrency exchange FTX has filed for bankruptcy. — Alameda Research and approximately 130 additional affiliated companies are part of the voluntary proceedings.
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Slate, New York Times, Bloomberg, The Information, Bloomberg, CoinDesk, The Department …, The Verge, NYDIG, CoinDesk, Gizmodo, Blockworks, Wall Street Journal, NBC News, Reuters, Silicon Valley Business …, PYMNTS.com, The Block, Livemint, Decrypt, The Guardian, Protocol, Insider, SiliconANGLE, Fortune, The Daily Hodl, iPhone in Canada Blog, crypto.news, Politico, Wired, SlashGear, Engadget, ZyCrypto, The Crypto Basic, Crypto Adventure, Forkast, Bitcoin Magazine, CoinJournal, Cryptoinsight.pro, Cryptopolitan, Coinpedia Fintech News, Bitcoin News, Ethereum World News, TechCrunch, Financial Times, CNBC, Observer, Axios, WRAL TechWire, Cointelegraph, Axios, and CoinGape
Tweets: @sbf_ftx, @sbf_ftx, @sbf_ftx, @allnick, @ashleevance, @ftx_official, @theonion, @tomaxwell, @dollarsanddata, @breakingthemark, @dominicmadori, @frank_giustra, @hblodget, @tackettzane, @coindesk, @cramertracker, @seamushughes, @taylorlorenz, @om, @rmfifthcircuit, @tomaxwell, @danprimack, @aaronguilmette, @silvermanjacob, @carnage4life, @joshelman, and @ryan_browne_
| Nikhilesh De / CoinDesk: |
BlockFi pauses withdrawals and asks users not to deposit to its wallet or interest accounts, saying it can't operate normally amid “lack of clarity” around FTX — BlockFi had made a deal with FTX earlier this year. — Crypto Lender BlockFi said it could not conduct business …
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Bloomberg, Blockworks, Financial Times, Fortune, Cointelegraph, CryptoGlobe, Blockchain News, PYMNTS.com, and crypto.news
Tweets: @blockfi, @founderflori, @autismcapital, @cole0x, @balajis, @jeffjohnroberts, @balajis, @peterschiff, and @route2fi
| Zane Tackett / @tackettzane: |
[Thread] FTX's former Institutional Sales head looks at its balance sheet and options, including bankruptcy or issuing a token, and their pros and cons — 1/I obviously have 0 say at this point, but hey, interested to hear others' thoughts: Two options: A) bankruptcy B) token [THESE ARE NOT CONCRETE NUMBERS] Liabilities: -8.8bn Liquid assets: 900m Less liquid: 2.037bn Illiquid: 3.2bn liquid hole: -7.9bn illiquid hole: -2.66bn
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Cointelegraph. Tweets: @silvermanjacob, @kadhim, @tree_of_alpha, @kale_abe, @0xhamz, @tackettzane, and @adamscochran
| Bloomberg: |
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The Block, Decrypt, Australian Financial Review, Fortune, The Information, TheStreet, Financial Times, Blockworks, Newser, the millennial flâneur, Crypto Daily, and CoinDesk
Tweets: @guardiannassau, @cobie, @lowstrife, and @allnick
| Wall Street Journal: |
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The Information, Reuters, BetaKit, The Block, Protos, VICE, Fortune, Globe and Mail, CNBC, Bloomberg, Axios, Slate, Financial Times, CoinDesk, Cointelegraph, Forbes, Watcher Guru, Cryptonews, and Crypto Adventure
| Elizabeth Lopatto / The Verge: |
Twitter reactivates its gray “Official” badge for select brands and outlets, after a wave of impersonations, hoaxing, and other chaos by purchased blue checks — Okay, so Twitter broke its own verification system by making the blue check — previously a signal that the account …
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Washington Post, CNET, Gizmodo, financialpost, Forbes, NBC News, Bloomberg, Ars Technica, The Verge, Appleosophy, Insider, Variety, Tech Xplore, Politico, Arkansas Newsroom, SlashGear, Digital Trends, PC Gamer, MobileSyrup, Polygon, iPhone in Canada Blog, Bloomberg, and 9to5Mac
Tweets: @elonmusk, @jasonschreier, @elonmusk, @lillypad, @twittersupport, @dieworkwear, @wongmjane, @misterratt, @donie, @mmasnick, @elonmusk, @elonmusk, @kariiakeaz, @ycpaulg, @octal, @geoffreyfowler, @zoeschiffer, @chadfelixg, @cleoabram, @justin_fenton, @rakeshlobster, @loupas, @alanisnking, @akiperitz, @hardin, @mehdirhasan, @joycewhitevance, @baddiel, @geoffreyfowler, @jeremypeppas, @davidmackau, @spacexofficiall, @nestledeathcult, @peteryared, @realsaavedra, @cwarzel, @im_pulse, @tomwarren, and @inabber69
| Washington Post: |
Internal note: Twitter has temporarily disabled sign-ups for Twitter Blue to “help address impersonation issues” affecting brands, politicians, and celebrities — Twitter accounts impersonating celebrities and politicians spread on the site after the company rolled out paid check marks.
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Engadget, Ars Technica, CNET, Financial Times, The Hill, Bloomberg, New York Post, Gizmodo, Investor's Business Daily, Los Angeles Times, Reuters, Android Central, Forbes, Media Matters for America, SlashGear, VICE, BGR, and Engadget
Tweets: @zoeschiffer, @rafaelshimunov, @joshuaphilll, @hotcyder, @rossrubin, @ijustine, @iiiitsandrea, @themaxburns, @kt_so_it_goes, @film_girl, @emilybell, @tomcoates, @tomcoates, @reckless, @rj_gallagher, @fmanjoo, @mikeisaac, @sherman4949, @spacexofficiall, @mikesington, @morrison, @cloud_opinion, @zoeschiffer, @sonnybunch, @evan_greer, @theglare_tm, @jarjarfan69, @pankajpachauri, @baekdal, and @dellcam
| New York Times: |
Interviews with 36 current and former Twitter employees and people close to the company detail the excruciating fallout of Elon Musk's first two weeks in charge — Mr. Musk ordered immediate layoffs, fired executives by email, laid down product deadlines and has transformed the company.
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MIT Technology Review, Bloomberg, XDA Developers, The Verge, The Verge, Fortune, CNN, DCD, TIME, CNBC, Observer, and Ars Technica
| Erin Woo / The Information: |
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The Verge, New York Times, Ars Technica, Bloomberg, Payments Dive, Fortune, Barron's Online, Insider, International Business Times, and Lily's News View
Tweets: @parismartineau, @zoeschiffer, @sacca, @mikeisaac, @oneunderscore__, @zoeschiffer, and @zunguzungu
| Financial Times: |
A look at Sam Bankman-Fried's rise and fall in DC: becoming the face of crypto, backing a digital commodity bill, and testifying before congressional committees — Sam Bankman-Fried sought digital asset legislation and donated heavily to Democrats — In less than four years …
More:
The Block, Fortune, and The Daily Hodl
Tweets: @halocrypto, @reptomemmer, @lex_node, @niubi, @brucefenton, @artofbagholding, @nic__carter, @bitboy_crypto, @autismcapital, @mayazi, and @nictrades
| Tracy Wang / CoinDesk: |
Current and former FTX and Alameda staff describe rampant conflicts of interest, nepotism, and a lack of oversight as SBF ran the companies with nine housemates — “The whole operation was run by a gang of kids in the Bahamas,” a person familiar with the matter told CoinDesk on condition of anonymity.
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New York Times, forum.effectivealtruism.org, The Guardian, Financial Times, Gizmodo, Decrypt, Bloomberg, Blockworks, Newcomer, CNBC, Bitcoin News, DealStreetAsia, Insider, Reuters, Poker.org, The Information, and crypto.news
Tweets: @teddyschleifer, @howiebtc, @0xstaxro, @edzitron, @kevinroose, @jimhansondc, @wublockchain, @adamscochran, @carlquintanilla, @tackettzane, @jeffnolan, @maxwellstrachan, @sasha35625, @bigblackjacobin, @bigblackjacobin, @apedurden, @coindesk, @marchochstein, @bigblackjacobin, @backpackerfi, @edzitron, @ailseeingeyes, @jagoecapital, @timevalueofbtc, @loic, @silvermanjacob, @teddyschleifer, @econ_marshall, and @corybates1895
| Bloomberg: |
Twitter's head of Trust & Safety Yoel Roth resigned on November 10; sources: head of ad sales Robin Wheeler also resigned, but Elon Musk convinced her to stay — Elon Musk, in his first address to Twitter Inc. employees since purchasing the company for $44 billion …
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Reuters, HotHardware, TechCrunch, Fortune, Moneycontrol, Ars Technica, CNN, The Register, Bloomberg, The Hollywood Reporter, The Guardian, Gizmodo, and ZDNet
Tweets: @leakissner, @robinw, @kurtwagner8, @caseynewton, @sarahfrier, @pkafka, @keithboykin, @timobrien, @ronbrownstein, @sarafischer, and @jessicalessin
| Mia Sato / The Verge: |
Memo: Omnicom, one of the world's biggest ad firms, representing Apple, PepsiCo, and others, recommends pausing Twitter ad campaigns, citing brand safety risk — Omnicom, one of the world's biggest ad firms, representing brands like McDonald's, Apple, and Pepsico, is recommending clients pause spending … | Adi Robertson / The Verge: |
Meta Quest Pro review: improved controllers but irredeemably bad software and feels like it was launched without plan or purpose, highlighting VR's drawbacks — Meta's $1,499 headset is better at showcasing VR's weaknesses than its new strengths. … Mark Zuckerberg is betting the entire future of his company on the metaverse.
Tweets: @reckless, @tfadell, @gartenberg, and @dcseifert
| Sergiu Gatlan / BleepingComputer: |
In October, Canada arrested a Russian national linked to LockBit ransomware attacks on critical infrastructure organizations and high-profile companies globally — Europol has announced today the arrest of a Russian national linked to LockBit ransomware attacks targeting critical infrastructure organizations …
More:
U.S. Department of Justice, Engadget, Security Affairs, The Verge, and Infosecurity. Tweets: @fbi
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