Former FTX employees detail the chaotic days after its collapse: mass resignations, learning news from social media, equity compensation going to zero, and more (Wall Street Journal)

Sunil Jagtiani / Bloomberg:
FTX to provide $6M in compensation to account holders impacted by a phishing incident via a 3rd-party site but says this kind of relief will not become the norm  —  Digital-asset exchange FTX will provide about $6 million compensation to its account holders impacted by a phishing incident via a third-party website.

Stefanie Marotta / Bloomberg:
Shopify changes its compensation practices to let staff choose a mix of cash, restricted stock units, and stock options; Shopify stock is down 75% in 2022  —  Shopify Inc. is changing its compensation practices to let staff decide how much of their pay will be cash versus equity …

Reuters:
Sources detail FTX’s rise and fall: CZ’s ~$100M investment in 2019, deteriorating relationship with Binance, significant losses at Alameda in 2022, and more  —  Nov 10 (Reuters) – (This story contains language some readers may find offensive in paragraph 2)

Angus Berwick / Reuters:
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.

MacKenzie Sigalos / CNBC:
Report: FTX legal and finance teams learned that SBF implemented a “backdoor” in FTX’s bookkeeping system to alter financial records without alerting others  —  – Reuters reports that at least $1 billion worth of customer funds have vanished from the failed crypto exchange.

The Verge:
Hundreds of Twitter employees post farewell messages and salute emojis in Slack and tweets, announcing their resignations after Elon Musk’s “hardcore” ultimatum  —  Musk gave Twitter staff a deadline to say if they are staying for his cultural reset of the company.