It's been a hell of a week for Sam Bankman-Fried and the rest of the FTX team as the company and its affiliates ( Alameda Trading ) have filed for chapter 11 bankruptcy leaving millions of accounts unpaid and billions of dollars missing, rumored to never be recovered. The price of Bitcoin, Ethereum, and other stablecoins have plummeted and celebrities like Tom Brady, his ex-wife Giselle, Stephen Curry, and more are being sued for their involvement with the company as well. This is just the tip of the ice burg. The story will continue to develop.
And in other news, I had to give an Elon update. After canceling free employee meals, and getting rid of the work-from-home policy, he's also giving everyone a deadline, leaving 90% of employees without a job. Our newest predictions were Christmas. Elon will have burned down Twitter by Christmas. But, as last night showed us, #RIPTwitter was trending. Rumors say it could be shut down as early as today. Maybe not at all? We'll all have to wait and see.
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