FTX

Hey, friends! Welcome back to Week in Review, the newsletter where we recap the top TechCrunch headlines from the past seven days. Get it in your inbox every Saturday AM by signing up here. Ready? Let’s go. most read Twitter had a week so strange that it could easily make up this entire newsletter, so we’ll keep to the bullet points: Last week Elon laid off a huge chunk of the company. This week, some of those who were let go were reportedly asked to come back. Twitter started giving blue verified checkmarks to…

Blockchain analytics firm Nansen, which gave the overall estimate of $662 million in withdrawals, said the coins flowed out of both FTX’s international and US exchanges. Sam Bankman-Fried's bankrupt digital-asset exchange FTX was hit by a mysterious outflow of about $662 million in tokens in the past 24 hours, the latest twist in one of the darkest periods for the crypto industry.Customers still coming to terms with the platform's Friday plunge into Chapter 11 proceedings were subsequently confronted with what the…

The exchange's founder Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to Bankman-Fried's trading company Alameda Research, the people told Reuters. At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter.The exchange's founder Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to Bankman-Fried's trading company Alameda Research, the people told Reuters. A large portion of that total…

Mere hours after filing for , FTX’s fraught situation worsened dramatically. On late Friday night, the crypto exchange claimed it had been hacked after millions of dollars in digital assets were siphoned from FTX wallets despite the company freezing withdrawals earlier in the day. The exact amount of missing money is unclear, but the figure at more than $600 million. “FTX has been hacked. FTX apps are malware.” the company posted on its official Telegram account. It urged customers to avoid the FTX website and delete its…

FTX said it is investigating abnormalities with wallet movements. Photo: DADO RUVIC/REUTERS…

FTX CEO Sam Bankman-Fried appeared at a Senate committee hearing earlier this year on cryptocurrencies. Photo: Sarah Silbiger/Bloomberg News…

FTX officials appeared to confirm rumors of a hack on the bankrupt crypto exchange's Telegram channel and have instructed customers to delete FTX apps and avoid its website, news outlet CoinDesk reported. The report comes after FTX US general counsel Ryne Miller tweeted that he was "investigating abnormalities with wallet movements related to the consolidation of FTX balances across exchanges."Read Also In the highest-profile crypto collapse, FTX, affiliated crypto trading firm Alameda Research, and about 130 of its other…

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hoooo boy. As Alex would say: This week has been a long year. You just know it has been a pretty wild ride when Meta can lay off 13% of its staff, and it isn’t even really in the top 10 of crazy things that happened. Gmail no longer lets you use the old interface, you retro-loving nerd, you. Salesforce did a round of layoffs, the DOJ seized $3.36 billion worth of Silk Road crypto,…

Before the world began to grasp the truth about Sam Bankman-Fried, an inkling of doom began to spread through his convoluted crypto empire. Before the world began to grasp the truth about Sam Bankman-Fried -- before the panic, the investigations and, at last, the brutal collapse -- an inkling of doom began to spread through his convoluted crypto empire. All across FTX, the exchange that had transformed his mere initials into a symbol of a new kind of wealth and power, one question came up again and again: Where is SBF?…

Sam Bankman-Fried announced he was stepping down as CEO from his crypto exchange FTX.Photo: Alex Wong (Getty Images)RIP FTX. The company announced Friday morning that they were starting Chapter 11, AKA reorganizational bankruptcy proceedings. In addition, CEO Sam Bankman-Fried’s other crypto firm, Alameda Research and Weste Realm Shires Services, which is also known as FTX.US, are also tangled up in the proceedings.07:33The Dead Friends Society Audiobook ClipYesterday 3:38PMThe 30-year-old supposed wunderkind…