November 17, 2022, 2:40 PM

Top News

Jack Schickler / CoinDesk:
Filings: FTX CEO John Ray III, who ran Enron's bankruptcy process, slams SBF's “unprecedented” management, describing a “complete failure of corporate controls”  —  The former FTX CEO's unconventional style is under the spotlight as bankruptcy professionals pore over the exchange's collapse.
Kelsey Piper / Vox:
A chat via DM with SBF on why regulators “make everything worse”, FTX's and Alameda's “messy accounting”, why he regrets filing for bankruptcy, ethics, and more  —  The fallen crypto CEO on what went wrong, why he did what he did, and what lies he told along the way.
Tracy Alloway / Bloomberg:
The wildest parts from FTX's bankruptcy filing: token holdings are worth $659K, Alameda loaned SBF over $3.3B, SBF auto-deleted important messages, and more  —  Lawyers for the bankrupt crypto exchange FTX filed today in Delaware, asking a federal judge to transfer a competing bankruptcy case filed …
Adam Cochran / @adamscochran:
Wall Street Journal:
Sources: Meta has fired or disciplined over 24 employees and contractors over the past year for allegedly taking over user accounts, in some cases for bribes  —  Some workers allegedly accepted thousands of dollars in bribes  —  Meta Platforms Inc. META -2.31%decrease …
Tony Romm / Washington Post:
Congress, slow to pass legislation and offer clear regulations on crypto, wakes up to FTX's collapse as lawmakers wonder if they could have prevented the crisis  —  The stunning collapse of the world's third-largest exchange has forced politicians to grapple with the costs of legislative inaction
Kris Holt / Engadget:
Microsoft rolls out Discord voice chat integration to all Xbox users after an Insiders test; PlayStation will reportedly get deeper Discord integration in 2023  —  Microsoft is now rolling out the Xbox November update, which includes a heap of useful features.
NetEase and Blizzard plan to end their 14-year partnership after January 2023, leaving Chinese players' access to games like Warcraft and Overwatch in question  —  NetEase Inc. and Blizzard Entertainment Inc. plan to end their 14-year partnership after January, depriving the Chinese firm …
Aisha Malik / TechCrunch:
Google announces updates to Search, to help users find dishes near them, Maps, with an expanded Live View, and Shopping, adding AR tools for makeup matching  —  Google announced today that it's introducing a slew of new Maps, Search and Shopping features.  The company revealed majority …
Russell Brandom / The Verge:
An analysis of 22K US broadband bills shows issues like a higher average cost than in Europe at ~$75/month, most have no carrier choice, bogus charges, and more  —  The Verge and Consumer Reports collected 22,000 internet bills to find out how Americans are getting online.  They paint an ugly picture.
Manish Singh / TechCrunch:
Meta appoints Sandhya Devanathan as the head of its India business, starting on January 1, after several high-profile departures; Devanathan joined Meta in 2016  —  Meta has appointed Sandhya Devanathan as the new head of its India business following several high-profile departures in the key overseas market.
Pew Research Center:
A survey of US teens on social media: 80% feel closer to friends, 71% like showing creativity, 59% think its impact is neutral, and 38% are overwhelmed by drama  —  Majorities of teens credit social media with strengthening their friendships and providing support while also noting the emotionally charged side of these platforms
Michael McSweeney / The Block:
The Australian Securities Exchange drops its blockchain project announced in 2017 to replace its settlement and clearing system, causing a $165M-$172M write-off  —  - The Australian Securities Exchange (ASX) is dropping a long-in-the-making blockchain-powered replacement for its CHESS settlement and clearing system.

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