The SEC says a secret change to FTX code allowed Alameda to borrow FTX funds irrespective of the collateral value, giving a “virtually unlimited line of credit” (Reuters)

Ryan Weeks / The Block:
Court filing: Alameda Research plans to repay ~$128M in bitcoin and ~$70M in ether to bankrupt crypto lender Voyager and will reclaim ~$160M in collateral  —  – Crypto trading firm Alameda Research will repay two large loans demoninated in bitcoin and ether.  — Once repaid, Alameda will reclaim some $160 million in collateral.

Wall Street Journal:
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 …

U.S. Securities and Exchange Commission:
The SEC charges Sam Bankman-Fried with defrauding investors and concealing diverting FTX customer funds to Alameda while raising over $1.8B  —  Defendant concealed his diversion of FTX customers’ funds to crypto trading firm Alameda Research while raising more than $1.8 billion from investors

Forbes:
A profile of Caroline Ellison, the risk-loving, “very mathy” Alameda Research CEO that sources say was “virtually invisible” in Alameda’s last days  —  Alameda Research CEO Caroline Ellison is a math whiz who loves Harry Potter and taking big risks.

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.

Andrew Ackerman / Wall Street Journal:
SEC Chair Gary Gensler signals support for Congress giving the CFTC oversight on bitcoin and ether, as long as the SEC retains its power  —  Former CFTC chief says he could back giving agency oversight of nonsecurity tokens  —  WASHINGTON—Securities and Exchange Commission Chairman Gary Gensler signaled …