Techmeme
November 12, 2022, 11:45 PM

Top News

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.
More: Financial Times, CoinDesk, CryptoSlate, Financial Times, Stephen Diehl, The Block, Wall Street Journal, Bloomberg, CoinDesk, Elliptic Connect, New York Times, Security Affairs, TechCrunch, Bloomberg, The Block, Bloomberg, The Block, CNBC, Financial Times, CoinGape, CoinDesk, Reuters, Heretic Speculator, CNBC, CryptoPotato, SlashGear, Blockworks, The Teardown, Axios, Washington Post, Gizmodo, CROWDSCALE, Cryptopolitan, The Verge, CoinJournal, The Hill, Engadget, and Bitcoin News
Tweets: @_ryne_miller, @c7five, @elonmusk, @0xfoobar, @zachxbt, @jump_, @concodanomics, @elonmusk, @bgurley, @stephen_geiger, @willmacaskill, @meghankreynolds, @zachxbt, @devchart, @autismcapital, @0xtre, @autismcapital, @zachxbt, @spreekaway, @dogetoshi, @wublockchain, @mudit__gupta, @edvis100, @vitalikbuterin, @edzitron, @milkroaddaily, @phil_lewis_, @im_goomba, @kuroxlb, @0xfoobar, @cryptoub, @lookonchain, @jchervinsky, @autismcapital, @edzitron, @grdecter, @autismcapital, @dsquareddigest, @robdenbleyker, @scupytrooples, @gordongoner, @0xfoobar, @cz_binance, @ki_young_ju, @0xfoobar, @zachxbt, @wallstreetsilv, @marionawfal, @bitboy_crypto, @watcherguru, @coinbureau, @minigrogu, @dmitryopines, @beastlyorion, @cd_hooks, @profjeffjarviss, @jasonfurman, @noahpinion, @zachxbt, @grady_booch, @arkhamintel, @cryptotony__, @marionawfal, @tree_of_alpha, @jordanschachtel, @jillrgunter, @titanxbt, @statelayer, @hsakatrades, @gordongoner, @gergelyorosz, @mathewi, @ryansadams, @crypto_chase, @tradermayne, @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, @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, @caseynewton, @jonwu_, @marionawfal, @josephpolitano, @carnage4life, @abu9ala7, @richerd, @mattballen4791, @tradermayne, @kdenkss, @fintechfrank, @ashleevance, @leonidasnft, @levie, @travisyost, @tayvano_, @dannydiekroeger, @davidfbailey, @dylanleclair_, @mhonkasalo, @autismcapital, @altcoindailyio, @loopifyyy, @robustus, @tittyrespecter, @whale_alert, @davidinglestv, @0xfoobar, @coinmamba, @justinbennettfx, @carnage4life, @altcoinpsycho, @iamdcinvestor, @wassielawyer, @salsatekila, @219_eth, @parikpatelcfa, @hunterwalk, @dtrain22k, @route2fi, @zachweinberg, @jeffjohnroberts, @bantg, @davidgokhshtein, @219_eth, @nycsouthpaw, @captaindefi2, @altcoinpsycho, @0xquit, @sheldonevans, @camirusso, @menlobear, @mrjasonchoi, @tradermayne, @gergelyorosz, @jason, @mhonkasalo, @cryptokaleo, @rmac18, @richerd, @iamnoahmiller, @wublockchain, @219_eth, @statelayer, @milesjennings, @modestproposal1, @rnr_0, @marionawfal, @profjeffjarviss, @drericding, @erikvoorhees, @rmac18, and @sassal0x
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 …
Shaurya Malwa / CoinDesk:
FTX US General Counsel says the exchange expedited moving its remaining funds to cold wallets “to mitigate damage upon observing unauthorized transactions”  —  Millions of dollars started to mysteriously move from FTX late Friday U.S. hours.  —  FTX US General Counsel Ryne Miller …
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 …
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:
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.
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 …

Sponsor Posts

Subquadratic:
Subquadratic: the LLM built for 12M-token reasoning  —  SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds.  Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Cape:
Most carriers track everything.  Cape doesn't.  —  Unlimited talk, text & data, 24-hr metadata deletion, network ID rotation, SIM-attack defense, and more.  Switch today and get 29% off for life.
Zoho:
The hidden tax of making employees search, switch, and repeat  —  Employees lose more time to digital friction than organizations often realize.  Searching for information, switching between tools …
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Big Technology Podcast:
Software's Epic Comeback, Meta's AI Layoffs Blunder, South Korea Stock Market Chaos
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.
Hard Fork:
Meta Shifts the Blame + Do Data Center Bans Work? + The Final HatGPT
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
Subscribe to Hard Fork.
Channels with Peter Kafka:
The Weird, Big Business of Microdramas
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
Training Data:
Parallel's Parag Agrawal: Building a New Web for AI Agents
Sequoia Capital partners host conversations with leading AI builders and researchers to develop a deeper understanding of the evolving technologies and their implications.
Subscribe to Training Data.
Invest Like the Best:
Neil Movva - Making AI 10x Cheaper
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Tools and Weapons with Brad Smith:
Connecting the Unconnected: Doreen Bogdan-Martin
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
Subscribe to Tools and Weapons with Brad Smith.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 11:45 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

Earlier Picks

Sage D. Young / CoinDesk: