FTX’s Advisers Have Found Just a Fraction of Company’s Crypto - Bloomberg: New CEO says cash wasn’t centrally managed, $560 million found; advisers have secured in cold wallets $740 million of crypto
Declaration of FTX's Newly-Appointed CEO: "Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here. From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented."
Binance's US Arm to Relaunch Bid for Bankrupt Lender Voyager: Source: Binance.US, the American arm of the world’s largest cryptocurrency exchange, is preparing to bid for bankrupt lending platform Voyager Digital, according to a person familiar with the plans.
Wave Financial, Binance make fresh plays for Voyager Digital after FTX’s $1.4bn takeover collapses: Crypto asset manager Wave is making a fresh play to buy the broker, a person familiar with the matter told Financial News, after missing out on buying Voyager’s assets during an auction process run by investment bank Moelis & Co in September.
CFTC Has ‘Boots on the Ground’ at FTX Subsidiary LedgerX: Commodity Futures Trading Commission (CFTC) Commissioner Kristin N. Johnson said that the regulator had “boots on the ground” at LedgerX, a U.S.-based subsidiary of FTX, the multi-billion dollar cryptocurrency exchange which collapsed last week.
Sam Bankman-Fried parts ways with Paul Weiss lawyers | Semafor: Sam Bankman-Fried has parted ways with the white-shoe lawyers helping him and is being advised by a Stanford law professor as he faces federal investigations into the collapse of his crypto empire, people familiar with the matter said.
Crypto Lender Genesis Had Sought Emergency Loan of $1 Billion: Cryptocurrency lender Genesis was seeking an emergency loan of $1 billion from investors before it told clients it was suspending redemptions this week, as the shockwaves from FTX’s collapse continue to reverberate through the crypto industry.
Jobless Claims Fall Slightly in Tight Labor Market - WSJ: Filings for U.S. unemployment insurance, a proxy for layoffs, remained near historically low levels amid a still-tight labor market.
Resignations Roil Twitter as Elon Musk Tries Persuading Some Workers to Stay - The New York Times: Mr. Musk, Twitter’s new owner, had given employees a Thursday deadline to decide whether to leave or stay “to build a breakthrough Twitter 2.0.”
