Some days I worry that being too old, ignorant, and intellectually lazy to understand crypto means I’m leaving money on the table. Other days, it’s a relief because, all of a sudden, the money is gone … and so is the table. It’s only now that many of us are really getting a grip on what FTX is and that confusion may have been shrewd in retrospect, although, this could be the crypto version of the subprime mortgage crisis: Even if you didn’t participate or understand it, you still get hurt. In the NYT, Kevin Roose does a good job of explaining how to make sense of the industry-shaking collapse of FTX. This is a gift article (the one form of alternative currency I’m an expert on). Is This Crypto’s Lehman Moment? Word is that Michael Lewis has been working on a crypto-related book that in part tracks FTX founder and former billionaire Sam Bankman-Fried. This should be a pretty riveting chapter.

+ In tech news that hits a little closer to home for me, the platform to which I was for so long so happily addicted is in chaos. Elon Musk is putting Twitter at risk of billions in fines, warns company lawyer. “The company’s chief privacy officer Damien Kieran, chief information security officer Lea Kissner, and chief compliance officer Marianne Fogarty have all resigned.”