FTX US General Counsel says the exchange has moved remaining funds to cold wallets to “mitigate damage” following a series of “unauthorized transactions” (Shaurya Malwa/CoinDesk)

CoinDesk:
FTX US general counsel says he is investigating “abnormalities with wallet movements” after $380M+ in crypto left FTX and FTX US wallets on November 11  —  The lack of an official statement from FTX has led to speculation that the funds have been stolen by insiders or hackers.

Nikhilesh De / CoinDesk:
100+ BTC was moved out of cold storage wallets tied to QuadrigaCX, the exchange that went bankrupt after its CEO allegedly died, claimed to be inaccessible  —  More than 100 BTC tied to QuadrigaCX moved out of cold storage wallets over the weekend.  Quadriga’s bankruptcy trustee …

Shaurya Malwa / CoinDesk:
Binance and Huobi block deposits of FTX’s native token, FTT, after 192M tokens worth ~$400M were released out of schedule and without warning  —  The tokens were illicitly released from FTT’s main deployer address.  —  Crypto exchanges Binance and Huobi blocked deposits of FTT …

Shaurya Malwa / CoinDesk:
Facing a large deficit in its treasury, DeFi protocol Sushi proposes diverting fees from the Kanpai protocol and reduces its runway requirement from $9M to $5M  —  Developers proposed to divert 100% of fees generated on the platform to Sushi’s multisig for one year or until new tokenomics are implemented.

William Turton / Bloomberg:
Elon Musk says Twitter’s deputy general counsel Jim Baker was “exited”, citing “concerns” over the “suppression of information” related to the “Twitter Files”  —  Jim Baker, Twitter Inc.’s deputy general counsel, was pushed out of the company …

Kyle Wiggers / TechCrunch:
Reddit’s chief product officer says 3M+ users created Reddit Vault wallets, including 2.5M to buy NFT avatars that can be used as profile pictures on the site  —  In July, Reddit jumped on the NFT train, launching an NFT-based marketplace that allows users to purchase blockchain-based profile pictures for a fixed rate.