Techmeme
November 12, 2022, 6:20 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, Financial Times, CryptoSlate, CoinDesk, Stephen Diehl, Bloomberg, CoinDesk, The Block, Fortune, Wall Street Journal, Gizmodo, Elliptic Connect, TechCrunch, The Hill, New York Times, Bloomberg, Security Affairs, CNBC, Bloomberg, CNBC, The Block, Financial Times, CoinGape, CoinDesk, New York Post, Engadget, Reuters, Heretic Speculator, Crypto Adventure, CryptoPotato, SlashGear, Blockworks, The Teardown, Axios, Washington Post, Cryptopolitan, The Verge, CoinJournal, CoinGeek, and Bitcoin News
Tweets: @_ryne_miller, @c7five, @0xfoobar, @elonmusk, @zachxbt, @elonmusk, @concodanomics, @bgurley, @stephen_geiger, @willmacaskill, @zachxbt, @0xtre, @autismcapital, @autismcapital, @spreekaway, @dogetoshi, @zachxbt, @wublockchain, @meghankreynolds, @edvis100, @vitalikbuterin, @mudit__gupta, @im_goomba, @0xfoobar, @devchart, @edzitron, @jchervinsky, @milkroaddaily, @phil_lewis_, @kuroxlb, @lookonchain, @autismcapital, @cryptoub, @scupytrooples, @gordongoner, @edzitron, @grdecter, @dsquareddigest, @robdenbleyker, @grady_booch, @0xfoobar, @zachxbt, @0xfoobar, @ki_young_ju, @cz_binance, @wallstreetsilv, @caseynewton, @bitboy_crypto, @marionawfal, @watcherguru, @coinbureau, @0xfoobar, @minigrogu, @dmitryopines, @beastlyorion, @dogetoshi, @cd_hooks, @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, @route2fi, @sobylife, @tree_of_alpha, @litcapital, @functi0nzer0, @punk6529, @icebergy_, @magicaltux, @alexhern, @cloud_opinion, @coindesk, @valueandtime, @rmac18, @davidmweissman, @cgasparino, @autismcapital, @nekoztek, @0xfbifemboy, @teroterotero, @conejocapital, @asanwal, @asvanevik, @thedata_nerd, @gurgavin, @adamscochran, @qtrresearch, @enjoyoor, @lawmaster, @adamscochran, @generativist, @dollarsanddata, @cryptovinco, @ericjackson, @zackvoell, @quant_network, @cryptodonalt, @spectatorindex, @punk6529, @peckshieldalert, @lefterisjp, @0xradar, @sassal0x, @matthew_d_green, @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, @carnage4life, @bitfinexed, @altcoinpsycho, @iamdcinvestor, @wassielawyer, @salsatekila, @219_eth, @parikpatelcfa, @hunterwalk, @dtrain22k, @route2fi, @zachweinberg, @jeffjohnroberts, @bantg, @davidgokhshtein, @219_eth, @nycsouthpaw, @captaindefi2, @altcoinpsycho, @0xquit, @sheldonevans, @camirusso, @altcoindailyio, @menlobear, @mrjasonchoi, @tradermayne, @gergelyorosz, @jason, @mhonkasalo, @cryptokaleo, @rmac18, @richerd, and @iamnoahmiller
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.
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.
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:
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:
Mia Sato / The Verge:
Washington Post:
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 …
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

Sponsor Posts

Google:
Reimagine your photos with a prompt  —  Our new native image generation and editing is state-of-the-art, and ranked #1 in the world.  Try it for free in the Gemini app.
Zoho:
Streamline Every Conversation with Zoho Voice Messaging Templates  —  Every growing business knows that customer conversations are the heartbeat of support, sales, and success.  In fast-moving communication channels …
Sevalla:
Sevalla - PaaS from the future  —  Deploy your app before your coffee gets cold.  It's that simple.  Application, database, object storage and free static site hosting.  Start with $50 free credit!
Bitrix24:
Bitrix24 powers the next generation of high-performing businesses  —  Chat, projects, CRM, and automation — all in one place.  Replace dozens of tools so your team moves faster, collaborates smarter, and grows effortlessly.
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

[trading places]:
Daniel Blake of UI Charitable 💰🎁 | Donor-Advised Funds 📊 | Polymarket vs Kalshi Showdown 🎲
a very bad podcast about broken unicorns & busted carry hosted by dave mcclure and aman verjee
Subscribe to [trading places].
Invest Like the Best:
Wolfgang Hammer - The Power of Story
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Decoder with Nilay Patel:
Sir Tim Berners-Lee doesn't think AI will destroy the web
A show from the Verge about big ideas - and other problems.
Subscribe to Decoder with Nilay Patel.
Grit:
From Yext to Roam: Howard Lerman's Second Act
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Lenny's Podcast:
"Sell the alpha, not the feature": The enterprise sales playbook for $1M to $10M ARR | Jen Abel
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Big Technology Podcast:
OpenAI Bailout?, Elon's $1 Trillion Pay Deal, Amazon Sues Perplexity
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.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 6:20 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

Sage D. Young / CoinDesk:

Earlier Picks