| 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.| 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.| 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 … | 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: |
| MacKenzie Sigalos / CNBC: |
Report: FTX's legal and finance teams learned that SBF implemented a “back door” in FTX's bookkeeping system to alter financial records without alerting others — - Reuters reports that at least $1 billion worth of customer funds have vanished from the failed crypto exchange.| 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.| 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: |
| 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 … | Jon Victor / The Information: |
Source: the three co-founders of AI startup Laserlike, which Apple acquired in 2018, rejoined Google, including Apple search team lead Srinivasan Venkatachary — In late 2018, Apple boosted its development of a web search engine by buying Laserlike, a startup founded by a trio … | 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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| Sage D. Young / CoinDesk: |