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 (Nikhilesh De/CoinDesk)

Shaurya Malwa / CoinDesk:
FTX US General Counsel says the exchange has moved remaining funds to cold wallets to “mitigate damage” following a series of “unauthorized transactions”  —  Millions of dollars started to mysteriously move from FTX late Friday U.S. hours.

Nikhilesh De / CoinDesk:
Bankruptcy filings: FTX CEO John J. Ray III appoints new directors, discloses conversations with “dozens” of regulators, and estimates creditors at over 1M  —  FTX filed its first substantive look at the exchange’s bankruptcy process days after declaring bank

Danny Nelson / CoinDesk:
Telegram CEO Pavel Durov says the messaging app plans to build a decentralized crypto exchange and noncustodial wallets  —  The messaging app is pushing ahead with its buildout of crypto infrastructure.  —  Messaging app Telegram has sold $50 million in usernames in less than a month through …

Tim Copeland / The Block:
Binance releases its proof-of-reserves system, starting with BTC, claiming it has 582,485 BTC and 575,742 BTC user balance, a reserve ratio of 101% for users  —  – Binance has put out its proof-of-reserves system, in light of FTX’s meltdown.  — It shows a reserve ratio of 101% for its users’ bitcoin balances.

Helene Braun / CoinDesk:
Signature Bank plans to reduce its crypto-tied deposits by $8B-$10B to under 15%; as of September 2022, ~23.5% of the bank’s $103B deposits came from crypto  —  Nearly a quarter of the Wall Street bank’s current deposits come from crypto-related businesses.

Callan Quinn / The Block:
Binance shares addresses for its wallets and details its holdings: 475K BTC, 4.8M ETH, 17.6B USDT, 21.7B BUSD, 601M USDC, 58M BNB, and a $1B SAFU fund  —  – Binance has released the addresses of its hot and cold wallets.  — It provided a snapshot of its current holdings.