Techmeme
November 13, 2022, 2:05 PM

Top News

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
Nikhilesh De / CoinDesk:
The Securities Commission of The Bahamas says it didn't order FTX to reopen withdrawals for Bahamas-based customers, refuting FTX's statement  —  FTX said last week it had allowed Bahamas-based customers to withdraw funds at its regulators' request.  —  Crypto exchange FTX was not required …
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 …
Wall Street Journal:
CoinDesk:
More: CoinDesk, CryptoSlate, Financial Times, Kiffmeister Chronicles, Wall Street Journal, Elliptic Connect, CoinDesk, crypto.news, The Topic.Ai, Cryptopolitan, Crypto Spotlight and Briefs, Coinpedia Fintech News, Watcher Guru, Finbold, Security Affairs, New York Times, International Business Times, Neowin, Fortune, Bitcoin News, CNBC, Gizmodo, Mashable, The Block, The Hill, Insider, TechCrunch, New York Post, and Bloomberg
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Molly White / Web3 is going just great:
Crypto.com CEO admits the company accidentally sent 320K ETH, or ~$416M, to another crypto exchange, Gate.io, later clarifying that all the funds were returned  —  A Twitter user posted Etherscan screenshots showing a massive flow of crypto from the Crypto.com cryptocurrency exchange to another exchange, Gate.io.
Casey Newton / @caseynewton:
Sources: Twitter has eliminated ~4,400 of its ~5,500 contract staff, with cuts expected to significantly impact content moderation and the core infrastructure  —  Update: company sources tell me that yesterday Twitter eliminated ~4,400 of its ~5,500 contract employees, with cuts expected to have significant impact to content moderation and the core infrastructure services that keep the site up and running. People inside are stunned.
Adrienne LaFrance / The Atlantic:
Elon Musk is failing to convince people that Twitter is a town square, telling users what they can and can't say for a laugh and charging $8 for the privilege  —  Recently, comedy clubs have begun doing this thing that seemed, when I first encountered it, both wildly hypocritical and more than a little sad.
Aisha Malik / TechCrunch:
YouTube is introducing a new “Live Q&A” feature to make it easier for creators to select and manage questions from viewers in the chat during livestreams  —  YouTube is introducing a new “Live Q&A” feature that is designed to make it easier for creators to interact with viewers during livestreams.

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Earlier Picks

Clive Thompson / UX Collective:
New York Times: