| CoinDesk: |
FTX claims it has been hacked, and instructs users not to install new upgrades or go to FTX.com 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.| 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 … | 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.| 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.| Natasha Mascarenhas / TechCrunch: |
Harmonic, which runs a startup search query tool that is used by investors like a16z and Accel, raised a $23M Series A led by Sozo Ventures — Siri, show me fintech companies, founded in the last two years, that haven't raised over the past year but have grown headcount by 100% in the same time frame … | Reuters: |
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.| Sage D. Young / CoinDesk: |
Crypto.com shares its wallet addresses with Nansen to create a dashboard of ~$3B in assets, showing ~20% are in Shiba Inu, more than ETH's ~17%; ~30% are in BTC — As large crypto exchanges push to prepare “proof-of-reserves” audits, an initial effort reveals just how much of Crypto.com's reserves …
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| Financial Times: |