Techmeme
November 12, 2022, 4:15 PM

Top News

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.
More: 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.
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 …
Shaurya Malwa / CoinDesk:
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.
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.
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.
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.
Elizabeth Lopatto / The Verge:
Washington Post:

Sponsor Posts

Clay:
Turn any GTM idea into reality  —  Clay helps GTM teams combine AI agents, enrichment, and intent data to move faster and turn insights into action.
Soxton:
AI-powered law for startups  —  Soxton automates startup legal so founders can move faster and sleep better.  We handle incorporation, advisor, employment and commercial contracts.  Join the waitlist for early access!
Zoho:
8 years of PageSense: Introducing PageSense 3.0  —  PageSense was built eight years ago with a simple goal: to help businesses understand user behavior and improve conversion outcomes through experimentation.
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Great Chat:
No one won the AI Bowl
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
Subscribe to Great Chat.
Big Technology Podcast:
Who's Winning The AI Race? + Software's Future — With Sridhar Ramaswamy
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Channels with Peter Kafka:
How Odd Lots' Joe Weisenthal Turned Curiosity Into a Career, and a Hit Podcast
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
Access:
OpenAI's Fidji Simo on why ads are coming to ChatGPT
A show about the tech industry's inside conversation, hosted by tech reporter Alex Heath and founder whisperer Ellis Hamburger.
Subscribe to Access.
Invest Like the Best:
Alex Behring and Daniel Schwartz - Inside 3G Capital
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Tools and Weapons with Brad Smith:
Special Edition: Key findings from the Microsoft AI Diffusion Report
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
Subscribe to Tools and Weapons with Brad Smith.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 4:15 PM ET, November 12, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Earlier Picks