FTX’s “company therapist” says he really provided dating advice. A “career coach” has been added to the company. This person also acts as a personal therapist for large portions of the company. From Vice:

In his telling, Lerner worked for FTX not exactly as a therapist and certainly not as a doctor, but as a coach, even as he maintained independent doctor-patient relationships with about 20 employees and prescribed medication to at least some of them. Lerner stated that he was focused on the health and well-being of employees at FTX. He did not just care about their careers but also their personal (and sometimes even romantic) lives.

BlockFi is preparing for bankruptcy after FTX implodes. I feel like I have been saying “yikes!” a lot. However, it is my general feeling about the whole situation. If BlockFi or FTX has affected you, please email me at liz@theverge.com. I would love to talk to you.

Who looks at FTX and sees an investment opportunity?

Sure, it might sound like a bad idea to invest in a bankrupt exchange with more accusations of fraud than anything else we’ve seen on this side of Enron, but the Wall Street Journal reports Sam Bankman-Fried is asking around anyway.

Mr. Bankman-Fried spent the weekend calling around to find investors in order to fill a gap of up to $8B in order to repay FTX’s customers. In Mr. Bankman Fried’s case, funds were not meant to support a bare-bones workforce, but to repay individuals traders and institutional customers who have been unable get funds out.

No, FTX was not required to release Bahamian funds first.

On Friday, the bankrupt FTX said it started facilitating withdrawals for its clients in the Bahamas (where the company’s based) at the request of “Bahamian HQ’s regulation and regulators.”

But the Securities Commission of The Bahamas says that’s not the case, stating it never “directed, authorized or suggested… the prioritization of withdrawals for Bahamian clients.” Meanwhile, hundreds of millions of dollars are still missing from the exchange.

BlockFi cuts off credit card customers.

After pausing client withdrawals just a couple of days ago, now BlockFi is shutting off its credit card. It sent customers an email stating that it was suspending “purchasing privileges on the BlockFi Rewards Visa Card” due to “recent developments at BlockFi”, but did not elaborate further.

FTX feels the heat.

After FTX filed for bankruptcy on Friday, the Miami Heat announced that it’s terminating its partnership with the company, which acquired the naming rights to its basketball stadium last year. The stadium will remain known as the FTX Arena on Saturday, when the Heat takes on the Charlotte Hornets. This is likely to continue for the foreseeable future. While the team searches for a new sponsorship deal,

Is FTX’s founder a League of Legends genius? (No. )

One of the funniest parts of this week’s FTX meltdown was learning that CEO Sam Bankman-Fried apparently blew investors’ minds by playing League of Legends during a meeting.

It was first reported as a bit of gee-whiz startup mythmaking, and in the tradition of Kyle Orland’s brilliant investigation into Travis Kalanick’s Wii Tennis prowess, FT does the vital job of puncturing it by running down his actual history with the game. It turns out that he is a poor player, but he doesn’t deny it. Maybe not a sign that he is a genius.

Coinbase is undergoing additional layoffs.

As first reported by The Information, crypto exchange Coinbase is adding to the 1,100 or so people it let go earlier this year with cuts to two other teams.

As confirmed in a statement from the company, they affect the recruiting and institutional onboarding groups, which are shrinking by about 60 people in total.

Coinbase CEO Brian Armstrong tweeted this week that the company isn’t affected by the ongoing FTX flameout and doesn’t engage in that kind of “risky behavior.”

The Department of Justice would like to know how Binance’s due diligence on the now-canceled FTX acquisition went.

So remember when FTX was going to get bought by Binance, except whoopsie, Binance did due diligence for a couple hours and noped out? US authorities would love to see what Binance saw.