November 12, 2022, 6:20 PM

Top News

FTX claims it has been hacked, and tells users to delete FTX apps, not install app updates, and avoid visiting, 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.
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

Managing a Complex Multi-Cloud Environment Requires a Reliable Ecosystem  —  To avoid vendor lock-in and effectively manage your mission critical workload needs, you need a reliable ecosystem and architecture
Is your CMS solving your content problems, or creating new ones?  —  In a commissioned study written and conducted by Forrester, we revealed that 72% plan to change their CMS platform, is your organization one of them?
SaaS Prices Are Going Up.  Here's Why (And What You Can Do about It)  —  From inflation issues to rock-bottom retention rates: get the latest industry updates and see how high-growth teams are preparing for 2023.
Contract management challenges in the oil and gas sector |  Expert talks  —  The oil and gas industry is volatile.  It's always in a state of constant flux as a result of continuous boom-and-bust cycles …
The treasury management platform built for startups  —  Put your idle cash to work, earn higher yields, and extend your runway with Vesto.
Techmeme Ride Home:
Wed. 02/08 - AI's Big Week Continues
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.

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