FTX CEO Sam Bankman-Fried stops crypto exchange files for bankruptcy • TechCrunch

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Hoo boy. As Alex says: This week has been a long year. You know when Meta managed to lay off 13% of their staff and it wasn’t even in the top 10 of the craziest things that happened.

Gmail doesn’t let you use the old interface anymore, you retro-loving nerd, you. Salesforce made a round of layoffs, the DOJ said it would buy Binance FTX, the Silk Road crypto worth $3.36 billion, then backtracked and forced Sequoia to write off its entire FTX investment. Theranos founder Elizabeth Holmes will get her lot next week, the Peloton founder gave up exercise equipment and now sells mats. Then there was a wall of Twitter drama, including utter chaos with Twitter’s new “verified” system after it laid off half its staff, before moving quickly to hire more. Oh, and I guess we’re all #RatVerified 4lyf now.

It could be next week. a little bit More chill for you. It’ll be for the pilgrim who can hardly believe he’s going to go scuba diving for a week and maybe his life with Apple in the process. As he leaves for the day, he can be heard muttering, “I hope there’s some internet left when I get back.”

Take a breather, you can always be depressed next week instead. – Christine And came.

TechCrunch’s Top 3

  • We are only afraid at first.: If you’ve been following the entire FTX company drama, you’ll no doubt see today’s big story as the crypto exchange’s founder and CEO, Sam Bankman-Fried, has filed for Chapter 11 bankruptcy and resigned. This comes after SBF thought there was an opportunity to save the company through other means, such as a tie-up with Binance and then some liquidation. This has been too much Jacqueline He said on CNBC this morning that everyone should store their own crypto in their own private key.
  • All that back and forth is hurting our necks.Twitter developers spend most of the 84-hour work week turning the “Official Badge” on and off to appease Elon Musk’s ever-changing ideas. Natasha L He has more about what’s going on.
  • Potatoes, potatoes, let’s call it all (and turn it on again): Ivan It has the best headline of the entire week – “Have you tried deleting Elon and deleting it again?” We are still waiting for the answer.

Startups and VCs

Our entire news team curled up in their respective couches, slightly nervous after the most exciting news weeks we’ve ever seen. You know, we’re so tired, we won’t even write a proper introduction. Here, make yourself a cup of tea and click these. Or don’t. You are the master of your own destiny.

Pitch Deck Teardown: Cineroid’s $500K seed deck

Image Credits: GPC Smart Accounts (Opens in a new window)

Stolen vehicle recovery systems have been available for decades, but a lost pet carries a high emotional burden.

According to Syneroid, the startup that makes smart tags, 10 million pets are lost in the United States each year, but “less than 30% are rehomed.”

After raising $500,000 in seed funding, the company’s founders shared their 12-slide deck with TechCrunch for evaluation. according to Haje Jan Kamps“No data changed or left.

Three more from the TC+ team:

TechCrunch+ Our membership program helps founders and startup teams stay ahead of the pack. You can register here.. Use code “DC” for 15% off annual subscription!

Big Tech Inc.

Brian He visited Amazon’s BOS27 robotics facility and not only saw beautiful robots in action, but also learned about the delivery giant’s plans for global dominance. If you haven’t figured it out yet, it involves robotics and how Amazon wants to improve the world of last-mile delivery.

Want more entertainment? Here are five more:

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