Former FTX employees detail the chaotic days after its collapse: mass resignations, learning news from social media, equity compensation going to zero, and more
Wall Street Journal : Tweets: @tomgara , @mattzeitlin , @tomgara , @velocitywong , @gunjanjs , @davidkeo , @niubi , @dannygroner , @aosipovich , and @daviduberti Tweets: Tom Gara / @tomgara : Also, oh my God: “many staff were paid via direct deposit to their accounts on the cryptocurrency exchange...It was also common for employees to hold FTX equity or get part of their pay in the exchange's FTT tokens” Matthew Zeitlin / @mattzeitlin : “Outside the U.S., many staff were paid via direct deposit to their accounts on the cryptocurrency exchange, so when FTX froze customer withdrawals last week, these employees couldn't access their funds, people familiar with the matter said.” https://www.wsj.com/... Tom Gara / @tomgara : This is the second story this month that includes a tech leader spontaneously vomiting when being made aware of The Horror https://www.wsj.com/... Wailin Wong / @velocitywong : So many 😱 details in this piece, which opens with an anecdote of an exec vomiting. The NYT said a Twitter manager threw up when told to fire people. I'm not a management genius but maybe don't run companies in a way that make people 🤮 on the spot? https://www.wsj.com/... https://twitter.com/... Gunjan Banerji / @gunjanjs : One FTX executive vomited when he learned that the crypto exchange was missing billions of dollars of customer money. A company lawyer quit via a harsh text message to SBF. A top salesman saw most of his wealth evaporate overnight. https://www.wsj.com/... via @WSJ David Keohane / @davidkeo : “One employee said he submitted his resignation to his boss, only for the boss to say he had already resigned himself.” https://twitter.com/... Bill Bishop / @niubi : One FTX executive vomited when he learned that the crypto exchange was missing billions of dollars of customer money. A top salesman who had bet big on FTX equity saw most of his wealth evaporate overnight. https://www.wsj.com/... via @WSJ Danny Groner / @dannygroner : “One FTX executive vomited when he learned that the crypto exchange was missing billions of dollars of customer money.” Big week for tech workers vomiting. https://www.wsj.com/... Alexander Osipovich / @aosipovich : “All I could think of was rage and white-hot anger.” FTX employees grapple with feelings of betrayal, financial ruin after crypto exchange's collapse. With @ceostroff and @Gzuckerman https://www.wsj.com/... David Uberti / @daviduberti : Ineffective altruism https://www.wsj.com/... https://twitter.com/...