ICYMI: 12.05.22

‘Can You Convert this to Robux?’ Kids’ Allowance Paid in Virtual Currency

Robux, the virtual currency featured in the online game Roblox, is a growing currency for young consumers

SBF reflects that he ‘had a bad month’

Former billionaire and CEO Sam Bankman-Fried said he was down to $100,000 and one working credit card in a conversation with CNBC’s Andrew Ross Sorkin at the Dealbook Summit.

Blockfi files for bankruptcy

Cryptocurrency exchange BlockFi filed for bankruptcy after Alameda Research defaulted on a $680 million loan.

Facebook failed to stop ads threatening election workers

Researchers who submitted Facebook ads threatening violence against election workers found that the platform failed to block the ads.

VA RECRUITING LAID-OFF TECH WORKERS

The Department of Veteran’s Affairs is recruiting recently laid-off tech workers for its information technology roles.

fintech companies facilitated pandemic relief fraud

A Congressional Report dived into how companies issuing Paycheck Protection loans facilitated fraud.

Early Alameda Employees Quit Over Risk, Compliance Concerns

Former Alameda employees who left the company in 2018 said SBF disregarded their concerns over his risky bets on crypto assets.