Techmeme
November 13, 2022, 1:25 PM

Top News

Nikhilesh De / CoinDesk:
The Securities Commission of The Bahamas says it didn't order FTX to reopen withdrawals for Bahamas-based customers, refuting FTX's statement  —  FTX said last week it had allowed Bahamas-based customers to withdraw funds at its regulators' request.  —  Crypto exchange FTX was not required …
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
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 …
CoinDesk:
More: CoinDesk, CryptoSlate, Kiffmeister Chronicles, Financial Times, Wall Street Journal, Elliptic Connect, The Block, Financial Times, crypto.news, The Topic.Ai, Cryptopolitan, Crypto Spotlight and Briefs, Coinpedia Fintech News, Finbold, Watcher Guru, CoinDesk, Security Affairs, International Business Times, New York Times, Neowin, Bloomberg, Fortune, Bitcoin News, CNBC, Gizmodo, The Block, Mashable, The Hill, Insider, New York Post, TechCrunch, Bloomberg, Engadget, SlashGear, Reuters, Washington Post, CoinGape, The Verge, Axios, The Teardown, Blockworks, CoinJournal, CryptoPotato, and CNBC
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Wall Street Journal:
Molly White / Web3 is going just great:
Crypto.com CEO admits the company accidentally sent 320K ETH, or ~$416M, to another crypto exchange, Gate.io, later clarifying that all the funds were returned  —  A Twitter user posted Etherscan screenshots showing a massive flow of crypto from the Crypto.com cryptocurrency exchange to another exchange, Gate.io.
Ina Fried / Axios:
Sources: Twitter starts cutting an unspecified number of contractors in various fields, including content moderation, real estate, marketing, and others  —  After laying off half its staff earlier this month, Twitter on Saturday started culling its vast ranks of contract staff, sources confirmed to Axios.
Adrienne LaFrance / The Atlantic:
Elon Musk is failing to convince people that Twitter is a town square, telling users what they can and can't say for a laugh and charging $8 for the privilege  —  Recently, comedy clubs have begun doing this thing that seemed, when I first encountered it, both wildly hypocritical and more than a little sad.
Aisha Malik / TechCrunch:
YouTube is introducing a new “Live Q&A” feature to make it easier for creators to select and manage questions from viewers in the chat during livestreams  —  YouTube is introducing a new “Live Q&A” feature that is designed to make it easier for creators to interact with viewers during livestreams.

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Clive Thompson / UX Collective:
Jon Victor / The Information: