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November 11, 2022, 2:50 PM
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WeSmirchTop News
| 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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The Information, CoinDesk, Gizmodo, The Department …, The Verge, NYDIG, Wall Street Journal, Bloomberg, NBC News, CoinDesk, Reuters, Silicon Valley Business …, PYMNTS.com, Livemint, The Block, Decrypt, The Guardian, Protocol, Insider, Blockworks, SiliconANGLE, Engadget, Fortune, Politico, Wired, crypto.news, SlashGear, ZyCrypto, The Crypto Basic, Crypto Adventure, Forkast, Bitcoin Magazine, CoinJournal, Cryptopolitan, Coinpedia Fintech News, CNBC, Observer, Cryptoinsight.pro, Bitcoin News, Ethereum World News, Financial Times, TechCrunch, BTC Times, Coinspeaker, BBC, WRAL TechWire, Axios, Axios, Cointelegraph, and CoinGape
Tweets: @sbf_ftx, @sbf_ftx, @sbf_ftx, @ashleevance, @allnick, @ftx_official, @dollarsanddata, @breakingthemark, @dominicmadori, @frank_giustra, @hblodget, @coindesk, @cramertracker, @tackettzane, @reedalbergotti, @qhardy, @silviakillings, @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, Watcher Guru, The Block, Fortune, Cointelegraph, PYMNTS.com, Blockchain News, and crypto.news
Tweets: @blockfi, @founderflori, @autismcapital, @cole0x, @balajis, @adamscochran, @jeffjohnroberts, @balajis, @peterschiff, @mikeburgersburg, 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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crypto.news, The Block, and Cointelegraph
Tweets: @silvermanjacob, @kadhim, @tree_of_alpha, @kale_abe, @0xhamz, and @tackettzane
| Bloomberg: |
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The Block, Australian Financial Review, TheStreet, The Information, Fortune, Blockworks, Financial Times, Crypto Daily, CoinDesk, Finextra, Insider, and South China Morning Post
Tweets: @guardiannassau, @cobie, @lowstrife, and @allnick
| Wall Street Journal: |
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Reuters, BetaKit, Protos, Bloomberg, The Block, VICE, Globe and Mail, Axios, CNBC, Slate, Financial Times, crypto.news, Tom Merritt Tech Newsletter, CoinDesk, Watcher Guru, Cointelegraph, Cryptonews, and Crypto Adventure
Tweets: @sbf_ftx, @paoloardoino, @paoloardoino, @cz_binance, @hsakatrades, @tier10k, @deitaone, @astro__magic, @aeyakovenko, @danielsloeb1, @tier10k, @autismcapital, @felixsalmon, @ercwl, @zhusu, @cl207, and @hsakatrades
| Elizabeth Lopatto / The Verge: |
Twitter reactivates its gray “Official” badge for select high-profile accounts, after a wave of impersonators bought blue checks — Okay, so Twitter broke its own verification system by making the blue check — previously a signal that the account had provided information …
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Washington Post, Gizmodo, Washington Post, Forbes, NBC News, Bloomberg, Ars Technica, Appleosophy, The Irish Times, The Verge, Insider, Reuters, Channels Television, Variety, Politico, PC Gamer, Arkansas Newsroom, SlashGear, Digital Trends, MobileSyrup, Polygon, iPhone in Canada Blog, Laptop Mag, Neowin, Bloomberg, and 9to5Mac
Tweets: @jasonschreier, @elonmusk, @lillypad, @elonmusk, @twittersupport, @dieworkwear, @wongmjane, @misterratt, @donie, @elonmusk, @mmasnick, @geoffreyfowler, @kariiakeaz, @ycpaulg, @octal, @elonmusk, @chadfelixg, @cleoabram, @justin_fenton, @rakeshlobster, @loupas, @zoeschiffer, @mehdirhasan, @joycewhitevance, @baddiel, @geoffreyfowler, @peteryared, @senmarkey, @alanisnking, @akiperitz, @hardin, @jeremypeppas, @davidmackau, @spacexofficiall, @nestledeathcult, @realsaavedra, @cwarzel, @im_pulse, and @tomwarren
| 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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CNET, Financial Times, The Hill, Bloomberg, New York Post, The Guardian, Gizmodo, Forbes, Los Angeles Times, T3, SlashGear, Android Headlines, Media Matters for America, VICE, The Economic Times, TechRadar, BGR, and Engadget
Tweets: @zoeschiffer, @rafaelshimunov, @rossrubin, @hotcyder, @ijustine, @iiiitsandrea, @kt_so_it_goes, @themaxburns, @reckless, @rj_gallagher, @fmanjoo, @mikeisaac, @sherman4949, @spacexofficiall, @cloud_opinion, @mikesington, @hshaban, @morrison, @willoremus, @zoeschiffer, @sonnybunch, @evan_greer, @theglare_tm, @jarjarfan69, @pankajpachauri, @baekdal, and @dellcam
| Financial Times: |
A look at Sam Bankman-Fried's rise and fall in DC: becoming the face of crypto regulation, proposing bills, and testifying to Congress before FTX collapsed — Sam Bankman-Fried sought digital asset legislation and donated heavily to Democrats — In less than four years …
More:
The Block and Fortune
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 while SBF ran the companies with 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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forum.effectivealtruism.org, Gizmodo, Financial Times, Decrypt, Newcomer, Bloomberg, New York Times, Blockworks, DealStreetAsia, Insider, Reuters, VICE, The Information, Poker.org, The Block, Micky, CryptoGlobe, and crypto.news
Tweets: @teddyschleifer, @howiebtc, @0xstaxro, @edzitron, @wublockchain, @carlquintanilla, @adamscochran, @jeffnolan, @maxwellstrachan, @sasha35625, @bigblackjacobin, @bigblackjacobin, @tackettzane, @apedurden, @coindesk, @marchochstein, @bigblackjacobin, @backpackerfi, @edzitron, @ailseeingeyes, @jagoecapital, @timevalueofbtc, @loic, @silvermanjacob, @teddyschleifer, and @econ_marshall
| New York Times: |
Interviews with 36 current and former Twitter employees detail the excruciating chaos during 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. — SAN FRANCISCO — Elon Musk had a demand.
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MIT Technology Review, CNN, Fortune, DCD, The Verge, TIME, Bloomberg, Observer, Ars Technica, and Tech Monitor
| Erin Woo / The Information: |
| 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: |
Europol says it has arrested Russian national in Canada linked to LockBit ransomware attacks on critical infrastructure organizations and high-profile companies — Europol has announced today the arrest of a Russian national linked to LockBit ransomware attacks targeting critical infrastructure organizations …
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U.S. Department of Justice, Engadget, The Verge, Security Affairs, Infosecurity, and ABC
| 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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Moneycontrol, Fortune, Techdirt, Ars Technica, The Register, CNN, Bloomberg, The Hollywood Reporter, The Guardian, Insider, TechCircle, Silicon Republic, New York Post, and Gizmodo
Tweets: @leakissner, @robinw, @kurtwagner8, @caseynewton, @sarahfrier, @keithboykin, @timobrien, @ronbrownstein, @sarafischer, and @jessicalessin
| Umar Shakir / The Verge: |
Amazon unveils new Prime Air delivery drone MK30, claiming it is 25% quieter and can handle high temperatures and light rain, due to come into service in 2024 — Amazon is building a better drone that should help chart a course for the company's Prime Air delivery service after the project …
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About Amazon, WinBuzzer, PCMag, The Economic Times, and DroneDJ
Tweets: @thurrott and @robforbesdj
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