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November 11, 2022, 11:15 AM
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memeorandum
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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Gizmodo, NBC News, CoinDesk, Bloomberg, Engadget, The Verge, Wall Street Journal, TechCrunch, The Block, Axios, BBC, and CoinGape
Tweets: @sbf_ftx, @ftx_official, @hamiltonnolan, @nkulw, @allnick, @rmfifthcircuit, @nycsouthpaw, @danprimack, @danprimack, @tomaxwell, @seamushughes, @aaronguilmette, @carnage4life, @kwharrison13, @silvermanjacob, @carnage4life, @joshelman, @jeffjohnroberts, @ryan_browne_, @kadhim, @hsakatrades, @om, @shenlucinda, @anthony, @deitaone, @akashpasricha, @tackettzane, @saylor, @tier10k, @nathantankus, and @adamscochran
| Sam Bankman-Fried / @sbf_ftx: |
[Thread] FTX CEO Sam Bankman-Fried apologizes, says he “fucked up” and his priority is “doing right by users”, plans to raise funds and close Alameda, and more — 1) I'm sorry. That's the biggest thing. I fucked up, and should have done better.
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The Block, CoinDesk, Poker.org, VICE, CNBC, CryptoGlobe, and Wall Street Journal
Tweets: @jespow, @handlerrich, @brian_armstrong, @sbf_ftx, @sbf_ftx, @sbf_ftx, @autismcapital, @tackettzane, @sbf_ftx, @sbf_ftx, @grdecter, @sbf_ftx, @ercwl, @levie, @tackettzane, @teo_leibowitz, @dogetoshi, @sbf_ftx, @marionawfal, @felixsalmon, @loganbartlett, @twobitidiot, @danprimack, @cobie, @cobie, @noahpinion, and @sbf_ftx
| 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, CryptoSlate, and crypto.news
Tweets: @halocrypto, @reptomemmer, @lex_node, @niubi, @brucefenton, @artofbagholding, @nic__carter, and @bitboy_crypto
| 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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PYMNTS.com, Bloomberg, The Information, Blockchain News, Cryptopolitan, crypto.news, and Fortune
Tweets: @blockfi, @founderflori, @autismcapital, @cole0x, @balajis, and @adamscochran
| 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.
More:
The Information, The Block, Financial Times, Decrypt, Bloomberg, forum.effectivealtruism.org, CoinGape, Ethereum World News, crypto.news, and Wall Street Journal
Tweets: @teddyschleifer, @howiebtc, @0xstaxro, @edzitron, @adamscochran, @loic, @wublockchain, @econ_marshall, @coindesk, @ajs, @tier10k, @marchochstein, and @bigblackjacobin
| Nikhilesh De / CoinDesk: |
FTX US tells users to close out positions as it may halt trading in days, hours after SBF said FTX US is “100% liquid”; some Tron-linked tokens can be withdrawn — Sam Bankman-Fried said the FTX US entity's users would be able to withdraw all their funds.
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Financial Times, Crypto Daily, CryptoSlate, Bloomberg, crypto.news, Coinspeaker, Wall Street Journal, Axios, CoinDesk, and CryptoGlobe
Tweets: @justinsuntron, @genesistrading, @tackettzane, @ftx_official, @ftx_official, @crypto_noddy, @justinsuntron, @sbf_ftx, @ftx_official, @ftx_official, @austerity_sucks, @ftx_official, @inversebrah, @ftx_official, @lawmaster, @dogetoshi, @excellion, @tier10k, @statelayer, @statelayer, @tree_of_alpha, @defiyst, @dylanleclair_, @dogetoshi, @dogetoshi, @mrjasonchoi, @ki_young_ju, @davidiach, @hosseeb, @statelayer, @rnr_0, @aradg11, and @loopifyyy
| Zane Tackett / @tackettzane: |
More:
The Block. Tweets: @tackettzane, @tackettzane, @hsakatrades, @cobie, @tree_of_alpha, @cobie, @cobie, @stackersatoshi, @tree_of_alpha, @tackettzane, @adamscochran, @asiahodl, @lawmaster, @lawmaster, @ivangbi_, @0xhamz, @bongcapital, @alexandergerko, @bergealex4, @nathanlevy10, @timccopeland, @bitbitcrypto, @yannigiannaros, @awice, @ldrogen, @kale_abe, @sicarious_, and @wublockchain
| Bloomberg: |
More:
The Block, Insider, Fortune, South China Morning Post, CoinDesk, Australian Financial Review, Tech in Asia, CoinGeek, Bitcoin News, crypto.news, and Micky
Tweets: @guardiannassau and @lowstrife
| Wall Street Journal: |
More:
Reuters, The Block, Decrypt, CoinDesk, Finbold, Business Bytes, CNBC, Crypto Adventure, CryptoGlobe, Cryptopolitan, Bloomberg, crypto.news, Blockonomi, Fortune, IPE with SBB, and Financial Times
Tweets: @sbf_ftx, @paoloardoino, @paoloardoino, @cz_binance, @hsakatrades, @tier10k, @deitaone, @aeyakovenko, @astro__magic, @danielsloeb1, @tier10k, @autismcapital, @ercwl, @zhusu, and @deitaone
| 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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The Economic Times, Silicon Republic, Washington Post, Insider, Variety, 9to5Mac, Neowin, KnowTechie, Mashable, Android Headlines, Memeburn, and Gizmodo
Tweets: @elonmusk, @lillypad, @jasonschreier, @dieworkwear, @twittersupport, @donie, @mmasnick, @kariiakeaz, @ycpaulg, @pt, @octal, @cwarzel, @astroehlein, @tomwarren, @im_pulse, @saltydkdan, @joel9one, @willoremus, @alanisnking, @hardin, @akiperitz, @jeremypeppas, @steinkobbe, @anthony, @spacexofficiall, @nestledeathcult, and @realsaavedra
| 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.
More:
The Economic Times, TechCrunch, Engadget, AppleInsider, CNBC, Twitter Help Center, Mashable, Android Headlines, BGR, iMore, and iPhone in Canada Blog
| Taylor Hatmaker / TechCrunch: |
More:
Ars Technica, RTÉ, PCMag, The Verge, Livemint, TechRadar, and Wired
| 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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TechCrunch, Tech Monitor, Insider, The Verge, TIME, and Tech Xplore
Tweets: @briankrebs, @cwarzel, @cloud_opinion, @measeybold, @loganbartlett, @davepell, @rmac18, @delrey, @tomgara, @jamestitcomb, @rmac18, @jasonschreier, @dcseifert, @dcseifert, @normative, and @popehat
| Erin Woo / The Information: |
Sources: at an all-hands, Elon Musk told staff that Twitter may have a “net negative cash flow” of billions in 2023 and “bankruptcy is not out of the question” — Elon Musk told Twitter employees on Thursday the company may have a “net negative cash flow of several billion dollars” … | 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 …
More:
Platformer, Moneycontrol, Insider, Silicon Republic, Bloomberg, New York Post, CNN, WRAL TechWire, Newser, Gizmodo, and Coinspeaker
Tweets: @leakissner, @robinw, @kurtwagner8, @caseynewton, @sarahfrier, @marcowenjones, @mikkihel, @sarafischer, and @jessicalessin
| Washington Post: |
More:
Techdirt, Los Angeles Times, ZDNet, Ars Technica, The Guardian, The Register, and Reuters
| 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: @gartenberg, @chillmage, @tomaxwell, @reckless, @thedextriarchy, @dcseifert, @dcseifert, and @alexeheath
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