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Good morning tech fam, here are some quick tech updates for you to catch on to!
What's New Today: Dream11 Co-Founder offers job opportunities to those talented employees being fired from big tech companies like Twitter and Meta.
Fast-Track Insights: Kraken freezes user accounts related to FTX and Alameda as it suspects the accounts are related to fraud, negligence, and misconduct.
New boss Elon Musk apologizes for Twitter being super slow across several countries and announced that organizations on Twitter will be able to identify associated accounts. Musk aims to tackle fake accounts and claims that Twitter firms across the world would be able to find out the accounts associated with them. Currently, the social media company is focusing on conducting mass layoffs to save up revenue for Twitter.
Dream11 co-founder, Harish Jain, promised employment to Indian techies who have lost their jobs following the massive layoffs at Twitter and Meta. He assured that Dream11 was doing good in terms of innovation and revenue and the company was also ready to help employees who have lost their jobs in the great tech layoffs in 2022.
In an attempt to address the issue of call drops in congested areas, a group of students has been working on AI-driven software to optimize cellular antenna orientation. The software started out as a final-year project for these students that are deployed at the base transmitter station which studies cluster patterns in the area for a set number of days.
US based-cryptocurrency exchange Kraken has frozen the accounts associated with the FTX Group and Alameda Research and their executives. The crypto exchange commented that the accounts were frozen to protect their creditors and other users' funds. The exchange is actively monitoring recent developments in order to take action as and when needed.
On Friday, the crypto exchange FTX filed for Chapter 11 bankruptcy in the US as its Founder and CEO Sam Bankman-Fried resigned from his role. FTX claimed that the move was made to begin an orderly process to review and monetize assets for the benefit of all global stakeholders. The second-largest crypto exchange in the world had to take such drastic measures after Binance pulled out from the deal to save FTX from its liquidity crunch.
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