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November 12, 2022, 10:10 PM
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CoinDesk:
FTX claims the company was hacked, telling users to delete FTX apps, not install app updates, and not to visit FTX.com, after $600M+ in crypto left its wallets  —  FTX officials appeared to confirm rumors of a hack on Telegram, instructing users to delete FTX apps and avoid its website.
More: Financial Times, CryptoSlate, Financial Times, Stephen Diehl, The Block, Wall Street Journal, CoinDesk, Bloomberg, CoinDesk, Elliptic Connect, The Block, New York Times, Security Affairs, TechCrunch, Bloomberg, CROWDSCALE, Fortune, CNBC, Bloomberg, Financial Times, The Block, CoinGape, Gizmodo, Reuters, Heretic Speculator, CNBC, CryptoPotato, SlashGear, Blockworks, The Teardown, Axios, Washington Post, Cryptopolitan, The Verge, CoinJournal, The Hill, Engadget, and Bitcoin News
Tweets: @_ryne_miller, @c7five, @elonmusk, @0xfoobar, @zachxbt, @jump_, @concodanomics, @elonmusk, @bgurley, @stephen_geiger, @willmacaskill, @meghankreynolds, @zachxbt, @devchart, @autismcapital, @0xtre, @autismcapital, @zachxbt, @spreekaway, @dogetoshi, @wublockchain, @mudit__gupta, @edvis100, @vitalikbuterin, @edzitron, @milkroaddaily, @phil_lewis_, @im_goomba, @kuroxlb, @0xfoobar, @cryptoub, @lookonchain, @autismcapital, @jchervinsky, @edzitron, @grdecter, @autismcapital, @dsquareddigest, @robdenbleyker, @scupytrooples, @gordongoner, @0xfoobar, @cz_binance, @ki_young_ju, @0xfoobar, @zachxbt, @wallstreetsilv, @marionawfal, @bitboy_crypto, @watcherguru, @coinbureau, @minigrogu, @dmitryopines, @beastlyorion, @cd_hooks, @profjeffjarviss, @jasonfurman, @noahpinion, @zachxbt, @grady_booch, @arkhamintel, @cryptotony__, @marionawfal, @tree_of_alpha, @jordanschachtel, @harrymccracken, @jillrgunter, @titanxbt, @statelayer, @hsakatrades, @gordongoner, @gergelyorosz, @mathewi, @ryansadams, @crypto_chase, @tradermayne, @wublockchain, @route2fi, @sobylife, @tree_of_alpha, @litcapital, @functi0nzer0, @punk6529, @icebergy_, @magicaltux, @alexhern, @cloud_opinion, @coindesk, @valueandtime, @rmac18, @davidmweissman, @cgasparino, @autismcapital, @nekoztek, @0xfbifemboy, @teroterotero, @conejocapital, @asanwal, @asvanevik, @thedata_nerd, @gurgavin, @adamscochran, @qtrresearch, @enjoyoor, @lawmaster, @adamscochran, @generativist, @dollarsanddata, @cryptovinco, @ericjackson, @zackvoell, @quant_network, @cryptodonalt, @punk6529, @peckshieldalert, @lefterisjp, @0xradar, @sassal0x, @matthew_d_green, @the_delysium, @raypaxful, @degenspartan, @levie, @7im, @investmentshulk, @hsakatrades, @tree_of_alpha, @edzitron, @harryh, @weldpond, @titanxbt, @octal, @msuiche, @tszzl, @loopifyyy, @stunlikes, @themlpx, @grdecter, @caseynewton, @jonwu_, @marionawfal, @josephpolitano, @carnage4life, @abu9ala7, @richerd, @mattballen4791, @tradermayne, @kdenkss, @fintechfrank, @ashleevance, @leonidasnft, @levie, @travisyost, @tayvano_, @dannydiekroeger, @davidfbailey, @dylanleclair_, @mhonkasalo, @autismcapital, @altcoindailyio, @loopifyyy, @robustus, @tittyrespecter, @whale_alert, @davidinglestv, @0xfoobar, @coinmamba, @justinbennettfx, @carnage4life, @altcoinpsycho, @iamdcinvestor, @wassielawyer, @salsatekila, @219_eth, @parikpatelcfa, @hunterwalk, @dtrain22k, @route2fi, @zachweinberg, @jeffjohnroberts, @bantg, @davidgokhshtein, @219_eth, @nycsouthpaw, @captaindefi2, @altcoinpsycho, @0xquit, @sheldonevans, @camirusso, @altcoindailyio, @menlobear, @mrjasonchoi, @tradermayne, @gergelyorosz, @jason, @mhonkasalo, @cryptokaleo, @rmac18, @richerd, @iamnoahmiller, @wublockchain, @219_eth, @statelayer, @milesjennings, @modestproposal1, @rnr_0, @marionawfal, @profjeffjarviss, @drericding, @erikvoorhees, and @rmac18
Financial Times:
FTX's balance sheet shows $900M in liquid assets the day before bankruptcy, including $470M in Robinhood shares owned by an SBF entity not in bankruptcy filings  —  Vast gap highlights the dire state of Sam Bankman-Fried's exchange before it collapsed into bankruptcy
Angus Berwick / Reuters:
Sources: spreadsheets Sam Bankman-Fried showed to FTX's regulatory and legal teams reveal $1B-$2B of client funds moved from FTX to Alameda are unaccounted for  —  At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter.
Wall Street Journal:
Sources: Alameda Research CEO Caroline Ellison told staff on November 9 that she, SBF, and two FTX executives knew 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 …
Shaurya Malwa / CoinDesk:
FTX US General Counsel says the exchange expedited moving its remaining funds to cold wallets “to mitigate damage upon observing unauthorized transactions”  —  Millions of dollars started to mysteriously move from FTX late Friday U.S. hours.  —  FTX US General Counsel Ryne Miller …
Bradley Saacks / Semafor:
Sources: Sam Bankman-Fried and most of his inner circle are still in the Bahamas but many senior FTX employees left for Hong Kong and elsewhere in recent days  —  Nassau, Bahamas — Many of the dozens of senior employees who work at FTX in the Bahamas, where the embattled crypto exchange is headquartered …
New York Times:
Internal docs and court records: the FBI made a push in late 2020 and H1 2021 to deploy Pegasus in its criminal investigations but dropped the plan 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.
Bloomberg:
FTX's crash highlights VC flaws like Sequoia not having access to Alameda's balance sheet despite its due diligence and FTX investors not demanding 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.
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 …
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
Mia Sato / The Verge:
Memo: Omnicom, one of the world's biggest ad firms, recommends its clients like Apple, PepsiCo, and others “pause activity on Twitter”, citing brand safety risk
Washington Post:
Internal note: Twitter temporarily disabled signing up for Twitter Blue to “help address impersonation issues” affecting brands, politicians, and celebrities
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 …
Rest of World:
Cambodia's online gambling and scam industries keep recruiting “cyber slave” workers via trafficking and misleading ads despite police raids and global pressure  —  Casual trafficking, calls to parents, misleading ads: even with global pressure, recruitment is rife.  —  • BAVET, CAMBODIA

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From Mediagazer

Jasper Ward / Reuters:
Filing: a US judge dismisses with prejudice Trump's defamation lawsuit against Wall Street Journal regarding a birthday card to Jeffrey Epstein signed by Trump

Shaun Walker / The Guardian:
The closure of Novaya Gazeta “is not just our own story; it is the story of a country and a society that are being systematically crushed”, said its EIC

Frédéric Durand / What's on Netflix:
Netflix's engagement problems can't be solved by focusing on “quality”, wide theatrical runs, or weekly releases; instead, more original content is needed

Earlier Picks

Sage D. Young / CoinDesk:
Crypto.com shares its wallet addresses with Nansen to create a dashboard of ~$3B in assets, showing ~20% are in Shiba Inu, more than ETH's ~17%; ~30% are in BTC
Mediagazer memeorandum WeSmirch
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