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.
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.
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.
Twitter reactivates its gray “Official” badge for select brands and outlets, after a wave of impersonations, hoaxing, and other chaos by purchased blue checks
Elizabeth Lopatto / The Verge :
Internal note: Twitter temporarily disabled signing up for Twitter Blue to “help address impersonation issues” affecting brands, politicians, and celebrities
and they were amazing. It didn't take long before the fun accounts became parody fake accounts of real people. Ben Collins / @oneunderscore__ : A lot of people on this site who spent the last three ye...
FTX US General Counsel says the exchange has moved remaining funds to cold wallets to “mitigate damage” following a series of “unauthorized transactions”
Millions of dollars started to mysteriously move from FTX late Friday U.S. hours.
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
one! — of the nineteen — nineteen! — years. 🏀🔥 https://www.espn.com/... https://twitter.com/... @grindingpoet : Looks like FTX took the page out of Enron playbook. Enron bought naming rights to a stad...
Memo: Omnicom, one of the world's biggest ad firms, recommends its clients like Apple, PepsiCo, and others “pause activity on Twitter”, citing brand safety risk
Omnicom, one of the world's biggest ad firms, representing brands like McDonald's, Apple, and Pepsico …
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 …
Sources: Sam Bankman-Fried and most of his inner circle are still in the Bahamas but many senior FTX executives left for Hong Kong and elsewhere in recent days
Bradley is a Business & Finance reporter for Semafor, joining us from Business Insider. Sign up for Semafor Business to get his scoops and coverage of the industry.
Twitter's head of Trust & Safety Yoel Roth resigned on November 10; sources: head of ad sales Robin Wheeler also resigned, but Elon Musk convinced her to stay
Bloomberg :
BlockFi pauses withdrawals and asks users not to deposit to its wallet or interest accounts, saying it can't operate normally amid a “lack of clarity” about FTX
Nikhilesh De / CoinDesk :
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.
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.
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 …
Alibaba doesn't disclose its full Singles' Day sales for the first time, instead saying gross merchandise value was in line with 2021, when sales hit ~$76.1B
Jane Zhang / Bloomberg :
A look at Sam Bankman-Fried's rise and fall in DC: becoming the face of crypto, backing a digital commodity bill, and testifying before congressional committees
Financial Times :
Meta Quest Pro review: improved controllers but irredeemably bad software and feels like it was launched without plan or purpose, highlighting VR's drawbacks
which is a 4/10. https://www.theverge.com/... Adi Robertson / @thedextriarchy : The Quest Pro has some interesting ideas, but they're not deployed remotely well enough to be worth $1500, and anybody w...
In October, Canada arrested a Russian national linked to LockBit ransomware attacks on critical infrastructure organizations and high-profile companies globally
Sergiu Gatlan / BleepingComputer :
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 …
TikTok quietly started testing its livestreaming e-commerce feature TikTok Shop in the US this week; source: TikTok invited select US businesses to participate
Louise Matsakis / Semafor : Tweets: @whet See also Mediagazer Tweets: Whet Moser / @whet : this is interesting. this sort of thing is popular in china but hasn't taken off here. not clear whether the...
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. Tweets: @ronenbergman , @amypeikoff , @hatr , @llch...
A book excerpt details how companies like RELX and Thomson Reuters collect and sell user data, exploiting a lack of privacy laws as regulators focus on Big Tech
Sarah Lamdan / Wired :
Shopify's new AI commerce stack
Their VP of Product digs into just-launched products to help entrepreneurs and developers build with the latest AI.
Email fatigue is real: Here's how smart email tools help you regain control
Picture this: It's Monday morning. You walk into the office feeling energized and ready to take on the week.
Protecting your Cloud Applications Data
Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.