November 12, 2022, 12:00 PM

Top News

FTX claims it has been hacked, and instructs users not to install new upgrades or go to and to delete FTX apps, 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, The Block, Bloomberg, The Verge, Wall Street Journal, The Block, Blockworks, Reuters, TechCrunch, Fortune, Reuters, The Block, Decrypt, Elliptic Connect, Axios, CoinGape, Financial Times, CoinDesk, CNBC, CoinDesk, New York Times, The Teardown, CoinJournal, CryptoPotato, CryptoSlate, Heretic Speculator, Crypto Briefing, Crypto Adventure, CryptoGlobe, Crypto Daily, Web3 is going just great, The Daily Hodl, CoinDesk, CoinGeek, and Cointelegraph
Tweets: @c7five, @_ryne_miller, @0xfoobar, @elonmusk, @zachxbt, @elonmusk, @zachxbt, @bgurley, @0xtre, @spreekaway, @dogetoshi, @autismcapital, @zachxbt, @dsquareddigest, @vitalikbuterin, @edvis100, @grdecter, @im_goomba, @wublockchain, @mudit__gupta, @0xfoobar, @scupytrooples, @devchart, @edzitron, @jchervinsky, @milkroaddaily, @gordongoner, @kuroxlb, @lookonchain, @cryptoub, @gergelyorosz, @ashleevance, @phil_lewis_, @jordanschachtel, @cryptodonalt, @justinbennettfx, @ericliptonnyt, @levie, @buccocapital, @route2fi, @autismcapital, @7im, @modestproposal1, @davidgokhshtein, @edzitron, @autismcapital, @hunterwalk, @teroterotero, @rmac18, @zachxbt, @cloud_opinion, @0xfoobar, @zachweinberg, @0xfoobar, @ki_young_ju, @profjeffjarviss, @cz_binance, @wublockchain, @gergelyorosz, @carnage4life, @fintechfrank, @wallstreetsilv, @bitboy_crypto, @marionawfal, @watcherguru, @0xfoobar, @coinbureau, @minigrogu, @dmitryopines, @beastlyorion, @dogetoshi, @bitboy_crypto, @jasonfurman, @noahpinion, @zachxbt, @stackersatoshi, @arkhamintel, @cryptotony__, @marionawfal, @tree_of_alpha, @dogetoshi, @harrymccracken, @jillrgunter, @titanxbt, @statelayer, @hsakatrades, @gordongoner, @ryansadams, @crypto_chase, @tradermayne, @novogratz, @dogetoshi, @sobylife, @tree_of_alpha, @litcapital, @functi0nzer0, @punk6529, @icebergy_, @magicaltux, @coindesk, @valueandtime, @nekoztek, @0xfbifemboy, @conejocapital, @asvanevik, @thedata_nerd, @gurgavin, @adamscochran, @qtrresearch, @enjoyoor, @lawmaster, @adamscochran, @generativist, @cryptovinco, @zackvoell, @quant_network, @spectatorindex, @punk6529, @peckshieldalert, @lefterisjp, @0xradar, @sassal0x, @the_delysium, @raypaxful, @degenspartan, @investmentshulk, @hsakatrades, @tree_of_alpha, @edzitron, @titanxbt, @octal, @msuiche, @tszzl, @loopifyyy, @stunlikes, @themlpx, @jonwu_, @marionawfal, @josephpolitano, @abu9ala7, @autismcapital, @richerd, @tradermayne, @kdenkss, @adamscochran, @leonidasnft, @tayvano_, @dannydiekroeger, @davidfbailey, @dylanleclair_, @mhonkasalo, @autismcapital, @altcoindailyio, @mikeisaac, @loopifyyy, @robustus, @tittyrespecter, @whale_alert, @davidinglestv, @0xfoobar, @coinmamba, @bitfinexed, @altcoinpsycho, @iamdcinvestor, @wassielawyer, @salsatekila, @219_eth, @parikpatelcfa, @dtrain22k, @route2fi, @jeffjohnroberts, @bantg, @219_eth, @nycsouthpaw, @captaindefi2, @altcoinpsycho, @0xquit, @sheldonevans, @camirusso, @altcoindailyio, @mrjasonchoi, @tradermayne, @jason, @mhonkasalo, @cryptokaleo, @richerd, @iamnoahmiller, @wublockchain, @219_eth, @statelayer, @dylanleclair_, @rnr_0, @marionawfal, @drericding, @rmac18, @thecryptolark, @sassal0x, @peckshieldalert, @mikeisaac, and @autismcapital
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.
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:
Angus Berwick / Reuters:
Sam Bankman-Fried claims he is still in the Bahamas, answering “nope” to speculation that he had flown to South America after FTX filed for bankruptcy  —  FTX founder Sam Bankman-Fried told Reuters on Saturday that he was in the Bahamas, denying speculation on Twitter that he had flown …
Brian Windhorst / ESPN:
Miami-Dade County and the Miami Heat are ending their arena naming rights deal with FTX; the county had signed a 19-year, $135M deal for the rights in 2021  —  Miami-Dade County and the Miami Heat are ending their arena naming rights deal with bankrupt cryptocurrency firm FTX.
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:
Washington Post:
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.
Meta tells staff the company plans to exit its Portal business, wind down smartwatch projects, and says 46% of its 11K job cuts were in tech vs. 54% in business  —  Meta Platforms (META.O) told employees on Friday that 54% of the 11,000 jobs it cut earlier this week were business roles and the rest were in technology.

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