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"title": "SBF regrets declaring FTX bankrupt",
"byline": "Alex Wilhelm, Natasha Mascarenhas",
"dir": null,
"excerpt": "The saga of FTX, formerly one of the worlds largest crypto exchanges that fell rapidly into bankruptcy, took a new turn today after Vox published a series of messages with its former CEO Sam Bankman-Fried. The erstwhile executive, known in the crypto world as SBF, discussed regulators, ethics and bankruptcy regrets, amongst other issues that […]",
"excerpt": "FTX founder and former CEO Sam Bankman-Fried talks about regulators, bankruptcy and \"the sketchy stuff\" over the past week.",
"siteName": "TechCrunch",
"siteIcon": "https://techcrunch.com/wp-content/uploads/2015/02/cropped-cropped-favicon-gradient.png?w=32",
"previewImage": "https://techcrunch.com/wp-content/uploads/2022/11/GettyImages-1238326461.jpg?w=680",
"previewImage": "https://techcrunch.com/wp-content/uploads/2022/11/GettyImages-1238326461.jpg?resize=1200,775",
"publishedDate": "2022-11-16T21:58:29.000Z",
"language": "English",
"readerable": true

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<DIV class="page" id="readability-page-1">
<div id="root">
<article>
<header>
<p><img src="https://techcrunch.com/wp-content/uploads/2022/11/GettyImages-1238326461.jpg?w=619">
</p>
</header>
<div>
<p id="speakable-summary">The saga of FTX, formerly <a href="https://techcrunch.com/tag/ftx/">one of the worlds largest crypto exchanges</a> that fell rapidly into bankruptcy, took a new turn today after<a href="https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy" target="_blank" rel="noopener"> Vox published a series of messages with its former CEO </a>Sam Bankman-Fried. The erstwhile executive, known in the crypto world as SBF, discussed regulators, ethics and bankruptcy regrets, amongst other issues that have become the de jure conversation in tech since FTX itself immolated.</p>
<p>“Everyone goes around pretending that perception reflects reality, it doesnt,” SBF said in a Twitter conversation with reporter Kelsey Piper. “Some of this decades greatest heroes will never be known, and some of its most beloved people are basically shams.”</p>
<p>In the notes, shared in screenshot form by the publication, SBF spoke harshly of regulators, saying that they “make everything worse” and that “they dont protect customers at all.” Given that SBFs former company will soon <a href="https://www.reuters.com/technology/us-house-committee-hold-hearing-collapse-ftx-2022-11-16/" target="_blank" rel="noopener">face at least the American Congress</a>, the approach and tone are notable.</p>
<p>His take on regulators is predicated, later messages make clear, on his view that their methods of control are too simplified — “just do more business vs do less business and put up more moats vs put up fewer moats” — which doesnt distinguish “between good and bad” in his estimation.</p>
<p>The Vox interview spent a good chunk of its time discussing ethics and philanthropy, an unsurprising choice given that SBF was a well-known person in the “effective altruism” movement, a method of helping others that focuses on what is practical. SBF was also an active political donor until recently, further keeping him in the media limelight.</p>
<p>Back on the matters most pertinent to TechCrunch, while discussing his own activities, SBF wrote that he “didnt want to do sketchy stuff [as] there are huge negative effects from it,” adding in a following message that he “didnt mean to.” Last week, <a href="https://techcrunch.com/2022/11/11/ftx-files-for-bankruptcy-ceo-sam-bankman-fried-steps-down/">SBF officially stepped down as chief executive of FTX</a> while Enron wind-down veteran John J. Ray III was appointed as the new CEO.</p>
<p>In response to SBFs public statements, although were not exactly sure which ones as there are many, Ray published a statement saying that “Mr. Bankman-Fried has no ongoing role at FTX…and does not speak on their behalf.”</p>
<p>Later in the conversation with Vox, SBF brought up CZ, the well-known leader of Binance, the largest crypto exchange in the world. <a href="https://techcrunch.com/2022/11/10/cryptos-crown-prince-stumbles/">CZ and SBFs dueling Twitter accounts</a> up until, and after, the FTX meltdown centered the attention of the world on their different business approaches, and leverage.</p>
<p>“A month ago CZ was a walking example of dont do unethical shit or your money is worthless,’” SBF Wrote, “now hes a hero,” later asking if the shift in his view of market perception of CZ was due to his being virtuous, or simply having had the “bigger balance sheet,” leading to CZ winning and not SBF. CZs comments about FTXs native token FTT are viewed by some as a precipitating event in the collapse of the latter exchange; precisely where blame lies is not yet entirely clear, so grains of salt, please.</p>
<p>Interestingly enough, Bankman-Fried tells Vox that his “biggest single fuckup [was] the one thing everyone told” him to do: file for Chapter 11 bankruptcy. He thinks if he hadnt filed for bankruptcy, “withdrawals would be opening up in a month with customers fully whole.”</p>
<p>He adds: “But instead I filed, and the people in charge of it are trying to burn it all to the ground out of shame.” So Vox inquired whether he was suggesting he shouldve just kept trying to raise the $8 billion lifeline. SBF added that he might still get there, but with way more “collateral damage.”</p>
<p>Damage is correct. The impact is still being felt; at the other firms in the crypto trading and investing business or the smaller individuals and businesses that had assets on the platform (pre-bankruptcy). The fall-out even hurts early-stage entrepreneurs, <a href="https://www.bostonglobe.com/2022/11/16/business/mit-media-lab-cancels-fellowship-program-tied-crypto-firm-ftx/" target="_blank" rel="noopener">with MIT Media Lab canceling its fellowship</a> that was originally backed by FTX Future Fund.</p>
<p>There are entire chapters, if not volumes to come. And thankfully for those of us observing, and reporting, SBF continues to talk.</p>
<div>
<div>
<figure>
<img width="1024" height="661" src="https://techcrunch.com/wp-content/uploads/2022/11/GettyImages-1238326461.jpg?w=1024" alt="Samuel Bankman-Fried, founder and CEO of FTX, testifies during a Senate Committee on Agriculture, Nutrition and Forestry hearing about &quot;Examining Digital Assets: Risks, Regulation, and Innovation,&quot; on Capitol Hill in Washington, DC, on February 9, 2022." decoding="async" fetchpriority="high" srcset="https://techcrunch.com/wp-content/uploads/2022/11/GettyImages-1238326461.jpg 5283w, https://techcrunch.com/wp-content/uploads/2022/11/GettyImages-1238326461.jpg?resize=150,97 150w, https://techcrunch.com/wp-content/uploads/2022/11/GettyImages-1238326461.jpg?resize=300,194 300w, https://techcrunch.com/wp-content/uploads/2022/11/GettyImages-1238326461.jpg?resize=768,496 768w, https://techcrunch.com/wp-content/uploads/2022/11/GettyImages-1238326461.jpg?resize=680,439 680w, https://techcrunch.com/wp-content/uploads/2022/11/GettyImages-1238326461.jpg?resize=1200,775 1200w, https://techcrunch.com/wp-content/uploads/2022/11/GettyImages-1238326461.jpg?resize=1536,992 1536w, https://techcrunch.com/wp-content/uploads/2022/11/GettyImages-1238326461.jpg?resize=2048,1323 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
<figcaption>
<strong>Image Credits:</strong> SAUL LOEB / AFP / Getty Images
</figcaption>
</figure>
</div>
<div data-mrf-recirculation="In-Article Links">
<p id="speakable-summary"> The saga of FTX, formerly <a href="https://techcrunch.com/tag/ftx/" data-mrf-link="https://techcrunch.com/tag/ftx/" cmp-ltrk="In-Article Links" cmp-ltrk-idx="0" mrfobservableid="5120b3ff-90ed-44a5-8175-5825047cdfed">one of the worlds largest crypto exchanges</a> that fell rapidly into bankruptcy, took a new turn today after <a href="https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy" target="_blank" rel="noopener" data-mrf-link="https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy" cmp-ltrk="In-Article Links" cmp-ltrk-idx="1" mrfobservableid="2e122bfb-52a2-436c-a948-47dd89a9814f">Vox published a series of messages with its former CEO</a> Sam Bankman-Fried. The erstwhile executive, known in the crypto world as SBF, discussed regulators, ethics and bankruptcy regrets, amongst other issues that have become the de jure conversation in tech since FTX itself immolated. </p>
<p> “Everyone goes around pretending that perception reflects reality, it doesnt,” SBF said in a Twitter conversation with reporter Kelsey Piper. “Some of this decades greatest heroes will never be known, and some of its most beloved people are basically shams.” </p>
<p> In the notes, shared in screenshot form by the publication, SBF spoke harshly of regulators, saying that they “make everything worse” and that “they dont protect customers at all.” Given that SBFs former company will soon <a href="https://www.reuters.com/technology/us-house-committee-hold-hearing-collapse-ftx-2022-11-16/" target="_blank" rel="noopener" data-mrf-link="https://www.reuters.com/technology/us-house-committee-hold-hearing-collapse-ftx-2022-11-16/" cmp-ltrk="In-Article Links" cmp-ltrk-idx="2" mrfobservableid="15f3fa90-c7f6-46d9-b662-948e91779aaa">face at least the American Congress</a>, the approach and tone are notable. </p>
<p> His take on regulators is predicated, later messages make clear, on his view that their methods of control are too simplified — “just do more business vs do less business and put up more moats vs put up fewer moats” — which doesnt distinguish “between good and bad” in his estimation. </p>
<p> The Vox interview spent a good chunk of its time discussing ethics and philanthropy, an unsurprising choice given that SBF was a well-known person in the “effective altruism” movement, a method of helping others that focuses on what is practical. SBF was also an active political donor until recently, further keeping him in the media limelight. </p>
<p> Back on the matters most pertinent to TechCrunch, while discussing his own activities, SBF wrote that he “didnt want to do sketchy stuff [as] there are huge negative effects from it,” adding in a following message that he “didnt mean to.” Last week, <a href="https://techcrunch.com/2022/11/11/ftx-files-for-bankruptcy-ceo-sam-bankman-fried-steps-down/" data-mrf-link="https://techcrunch.com/2022/11/11/ftx-files-for-bankruptcy-ceo-sam-bankman-fried-steps-down/" cmp-ltrk="In-Article Links" cmp-ltrk-idx="3" mrfobservableid="c2c06990-ae80-4f53-a349-84021752a8da">SBF officially stepped down as chief executive of FTX</a> while Enron wind-down veteran John J. Ray III was appointed as the new CEO. </p>
<p> https://techcrunch.com/2022/11/14/cleanup-aisle-ftx/ </p>
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<p> In response to SBFs public statements, although were not exactly sure which ones as there are many, Ray published a statement saying that “Mr. Bankman-Fried has no ongoing role at FTX…and does not speak on their behalf.” </p>
<p> Later in the conversation with Vox, SBF brought up CZ, the well-known leader of Binance, the largest crypto exchange in the world. <a href="https://techcrunch.com/2022/11/10/cryptos-crown-prince-stumbles/" data-mrf-link="https://techcrunch.com/2022/11/10/cryptos-crown-prince-stumbles/" cmp-ltrk="In-Article Links" cmp-ltrk-idx="4" mrfobservableid="85a03815-2121-4f3f-84dc-b36c9f1cd629">CZ and SBFs dueling Twitter accounts</a> up until, and after, the FTX meltdown centered the attention of the world on their different business approaches, and leverage. </p>
<p> “A month ago CZ was a walking example of dont do unethical shit or your money is worthless,’” SBF Wrote, “now hes a hero,” later asking if the shift in his view of market perception of CZ was due to his being virtuous, or simply having had the “bigger balance sheet,” leading to CZ winning and not SBF. CZs comments about FTXs native token FTT are viewed by some as a precipitating event in the collapse of the latter exchange; precisely where blame lies is not yet entirely clear, so grains of salt, please. </p>
<p> Interestingly enough, Bankman-Fried tells Vox that his “biggest single fuckup [was] the one thing everyone told” him to do: file for Chapter 11 bankruptcy. He thinks if he hadnt filed for bankruptcy, “withdrawals would be opening up in a month with customers fully whole.” </p>
<p> He adds: “But instead I filed, and the people in charge of it are trying to burn it all to the ground out of shame.” So Vox inquired whether he was suggesting he shouldve just kept trying to raise the $8 billion lifeline. SBF added that he might still get there, but with way more “collateral damage.” </p>
<p> Damage is correct. The impact is still being felt; at the other firms in the crypto trading and investing business or the smaller individuals and businesses that had assets on the platform (pre-bankruptcy). The fall-out even hurts early-stage entrepreneurs, <a href="https://www.bostonglobe.com/2022/11/16/business/mit-media-lab-cancels-fellowship-program-tied-crypto-firm-ftx/" target="_blank" rel="noopener" data-mrf-link="https://www.bostonglobe.com/2022/11/16/business/mit-media-lab-cancels-fellowship-program-tied-crypto-firm-ftx/" cmp-ltrk="In-Article Links" cmp-ltrk-idx="5" mrfobservableid="f865b739-530a-4742-b77f-32fd4f1aabb0">with MIT Media Lab canceling its fellowship</a> that was originally backed by FTX Future Fund. </p>
<p> There are entire chapters, if not volumes to come. And thankfully for those of us observing, and reporting, SBF continues to talk. </p>
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<p> The product, which ZeroMark calls a “fire control system,” has two components: a small computer that has sensors, like lidar and electro-optical, and a motorized buttstock. </p>
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<a data-destinationlink="https://techcrunch.com/2024/05/31/a16z-backed-zeromark-wants-to-give-soldiers-guns-that-dont-miss-against-drones/" data-event="recirculation" data-module="Query" href="https://techcrunch.com/2024/05/31/a16z-backed-zeromark-wants-to-give-soldiers-guns-that-dont-miss-against-drones/" target="_self" data-mrf-link="https://techcrunch.com/2024/05/31/a16z-backed-zeromark-wants-to-give-soldiers-guns-that-dont-miss-against-drones/" cmp-ltrk="Bottom - Articles" cmp-ltrk-idx="21" mrfobservableid="a3b4ad5d-b059-4331-a9d9-2649dc03aaab"><img width="1024" height="682" src="https://techcrunch.com/wp-content/uploads/2018/10/GettyImages-1043321896.jpg?w=1024" alt="a16z-backed ZeroMark wants to give soldiers guns that dont miss against drones" loading="lazy"></a>
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<p> The RAW Dating App aims to shake up the dating scheme by shedding the fake, TikTok-ified, heavily filtered photos and replacing them with a more genuine, unvarnished experience. The app… </p>
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<a data-destinationlink="https://techcrunch.com/2024/05/31/sample-angel-pitch-deck-raw-dating-app/" data-event="recirculation" data-module="Query" href="https://techcrunch.com/2024/05/31/sample-angel-pitch-deck-raw-dating-app/" target="_self" data-mrf-link="https://techcrunch.com/2024/05/31/sample-angel-pitch-deck-raw-dating-app/" cmp-ltrk="Bottom - Articles" cmp-ltrk-idx="23" mrfobservableid="cf85eaf6-b537-40fc-bf2e-0dad6e22c9c8"><img width="1024" height="576" src="https://techcrunch.com/wp-content/uploads/2024/05/Pitch-Deck-Teardown-2024_7b1e82.jpg?w=1024" alt="Pitch Deck Teardown: RAW Dating Apps $3M angel deck" loading="lazy"></a>
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<p> Yes, were calling it “ThreadsDeck” now. At least thats the tag many are using to describe the new user interface for Instagrams X competitor, Threads, which resembles the column-based format… </p>
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<a data-destinationlink="https://techcrunch.com/2024/05/31/threadsdeck-arrived-just-in-time-for-the-trump-verdict/" data-event="recirculation" data-module="Query" href="https://techcrunch.com/2024/05/31/threadsdeck-arrived-just-in-time-for-the-trump-verdict/" target="_self" data-mrf-link="https://techcrunch.com/2024/05/31/threadsdeck-arrived-just-in-time-for-the-trump-verdict/" cmp-ltrk="Bottom - Articles" cmp-ltrk-idx="25" mrfobservableid="1244a202-aaa8-4a72-827d-5c711053b60e"><img width="1024" height="529" src="https://techcrunch.com/wp-content/uploads/2024/05/Threads_f83039.jpeg?w=1024" alt="ThreadsDeck arrived just in time for the Trump verdict" loading="lazy"></a>
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<p> Japanese crypto exchange DMM Bitcoin confirmed on Friday that it had been the victim of a hack resulting in the theft of 4,502.9 bitcoin, or about $305 million.&nbsp; According to… </p>
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<a data-destinationlink="https://techcrunch.com/2024/05/31/hackers-steal-305-million-from-dmm-bitcoin-crypto-exchange/" data-event="recirculation" data-module="Query" href="https://techcrunch.com/2024/05/31/hackers-steal-305-million-from-dmm-bitcoin-crypto-exchange/" target="_self" data-mrf-link="https://techcrunch.com/2024/05/31/hackers-steal-305-million-from-dmm-bitcoin-crypto-exchange/" cmp-ltrk="Bottom - Articles" cmp-ltrk-idx="27" mrfobservableid="09af94df-68cc-41c9-b4c8-2ed49adcb8ab"><img width="1024" height="682" src="https://techcrunch.com/wp-content/uploads/2024/05/bitcoin-japan.jpg?w=1024" alt="Hackers steal $305M from DMM Bitcoin crypto exchange" loading="lazy"></a>
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<p> This is not a drill! Today marks the final day to secure your early-bird tickets for TechCrunch Disrupt 2024 at a significantly reduced rate. At midnight tonight, May 31, ticket… </p>
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<a data-destinationlink="https://techcrunch.com/2024/05/31/disrupt-2024-early-bird-prices-end-at-midnight/" data-event="recirculation" data-module="Query" href="https://techcrunch.com/2024/05/31/disrupt-2024-early-bird-prices-end-at-midnight/" target="_self" data-mrf-link="https://techcrunch.com/2024/05/31/disrupt-2024-early-bird-prices-end-at-midnight/" cmp-ltrk="Bottom - Articles" cmp-ltrk-idx="28" mrfobservableid="ebb15bd6-50ac-4784-8d7b-bd8dd855ec12"><img width="1024" height="576" src="https://techcrunch.com/wp-content/uploads/2024/05/Post_Header_LASTDAY_1920x1080.png?w=1024" alt="Disrupt 2024 early-bird prices end at midnight" loading="lazy"></a>
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<p> Instagram is testing a way for creators to experiment with reels without committing to having them displayed on their profiles, giving the social network a possible edge over TikTok and… </p>
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<a data-destinationlink="https://techcrunch.com/2024/05/31/instagram-tests-trial-reels-that-dont-display-to-a-creators-followers/" data-event="recirculation" data-module="Query" href="https://techcrunch.com/2024/05/31/instagram-tests-trial-reels-that-dont-display-to-a-creators-followers/" target="_self" data-mrf-link="https://techcrunch.com/2024/05/31/instagram-tests-trial-reels-that-dont-display-to-a-creators-followers/" cmp-ltrk="Bottom - Articles" cmp-ltrk-idx="30" mrfobservableid="b27258c8-793e-499f-a991-d7527802c4d3"><img width="1024" height="544" src="https://techcrunch.com/wp-content/uploads/2019/02/instagram-algorithm-1.png?w=1024" alt="Instagram tests trial reels that dont display to a creators followers" loading="lazy"></a>
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<p> U.S. federal regulators have requested more information from Zoox, Amazons self-driving unit, as part of an investigation into rear-end crash risks posed by unexpected braking. The National Highway Traffic Safety… </p>
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<a data-destinationlink="https://techcrunch.com/2024/05/31/feds-tell-zoox-to-send-more-info-about-autonomous-vehicles-suddenly-braking/" data-event="recirculation" data-module="Query" href="https://techcrunch.com/2024/05/31/feds-tell-zoox-to-send-more-info-about-autonomous-vehicles-suddenly-braking/" target="_self" data-mrf-link="https://techcrunch.com/2024/05/31/feds-tell-zoox-to-send-more-info-about-autonomous-vehicles-suddenly-braking/" cmp-ltrk="Bottom - Articles" cmp-ltrk-idx="33" mrfobservableid="53c5ee5b-8bb6-4b93-be4d-81078f4e0381"><img width="1024" height="693" src="https://techcrunch.com/wp-content/uploads/2024/05/GettyImages-1247341010.jpg?w=1024" alt="Feds tell Zoox to send more info about autonomous vehicles suddenly braking" loading="lazy"></a>
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<p> You thought the hottest rap battle of the summer was between Kendrick Lamar and Drake. You were wrong. Its between Canva and an enterprise CIO. At its Canva Create event… </p>
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<a data-destinationlink="https://techcrunch.com/2024/05/31/canvas-cringey-rap-battle-was-actually-a-marketing-win/" data-event="recirculation" data-module="Query" href="https://techcrunch.com/2024/05/31/canvas-cringey-rap-battle-was-actually-a-marketing-win/" target="_self" data-mrf-link="https://techcrunch.com/2024/05/31/canvas-cringey-rap-battle-was-actually-a-marketing-win/" cmp-ltrk="Bottom - Articles" cmp-ltrk-idx="35" mrfobservableid="1bf94f59-3c3e-474b-b70d-f3ca9ce3941a"><img width="1024" height="576" src="https://techcrunch.com/wp-content/uploads/2024/05/canva-cringe-rap.jpg?w=1024" alt="Canvas rap battle is part of a long legacy of Silicon Valley cringe" loading="lazy"></a>
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<p> Voice cloning startup ElevenLabs introduced a new tool for users to generate sound effects through prompts today after announcing the project back in February. </p>
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<a data-destinationlink="https://techcrunch.com/2024/05/31/elevenlabs-debuts-ai-powered-tool-to-generate-sound-effects/" data-event="recirculation" data-module="Query" href="https://techcrunch.com/2024/05/31/elevenlabs-debuts-ai-powered-tool-to-generate-sound-effects/" target="_self" data-mrf-link="https://techcrunch.com/2024/05/31/elevenlabs-debuts-ai-powered-tool-to-generate-sound-effects/" cmp-ltrk="Bottom - Articles" cmp-ltrk-idx="37" mrfobservableid="6c43d7b7-5a85-402e-bea1-ae85190588b9"><img width="1024" height="576" src="https://techcrunch.com/wp-content/uploads/2021/10/hearts-sounds.jpg?w=1024" alt="ElevenLabs debuts AI-powered tool to generate sound effects" loading="lazy"></a>
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<p> We caught up with Antler founder and CEO Magnus Grimeland about the startup scene in Asia, the current tech startup trends in the region and investment approaches during the rise… </p>
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<a data-destinationlink="https://techcrunch.com/2024/05/31/vc-firm-antlers-ceo-says-asia-presents-biggest-opportunity-in-the-world-for-growth/" data-event="recirculation" data-module="Query" href="https://techcrunch.com/2024/05/31/vc-firm-antlers-ceo-says-asia-presents-biggest-opportunity-in-the-world-for-growth/" target="_self" data-mrf-link="https://techcrunch.com/2024/05/31/vc-firm-antlers-ceo-says-asia-presents-biggest-opportunity-in-the-world-for-growth/" cmp-ltrk="Bottom - Articles" cmp-ltrk-idx="40" mrfobservableid="aaded67c-1435-4faa-8e36-40145b5a3a41"><img width="1024" height="683" src="https://techcrunch.com/wp-content/uploads/2024/05/03.jpg?w=1024" alt="VC firm Antlers CEO says Asia presents biggest opportunity in the world for growth" loading="lazy"></a>
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<p> Temu is to face Europes strictest rules after being designated as a “very large online platform” under the Digital Services Act (DSA). </p>
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<a data-destinationlink="https://techcrunch.com/2024/05/31/chinese-marketplace-temu-faces-eu-rules-very-large-online-platform/" data-event="recirculation" data-module="Query" href="https://techcrunch.com/2024/05/31/chinese-marketplace-temu-faces-eu-rules-very-large-online-platform/" target="_self" data-mrf-link="https://techcrunch.com/2024/05/31/chinese-marketplace-temu-faces-eu-rules-very-large-online-platform/" cmp-ltrk="Bottom - Articles" cmp-ltrk-idx="43" mrfobservableid="ce0b6545-bf3a-42b6-a078-1e60ef093ac9"><img width="1024" height="577" src="https://techcrunch.com/wp-content/uploads/2024/05/GettyImages-2152706855-e1717151518826.jpg?w=1024" alt="Chinese e-commerce marketplace Temu faces stricter EU rules as a very large online platform" loading="lazy"></a>
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<p> Meta has been banned from launching features on Facebook and Instagram that would have collected data on voters in Spain using the social networks ahead of next months European Elections.… </p>
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<a data-destinationlink="https://techcrunch.com/2024/05/31/spain-bans-meta-from-launching-election-features-on-facebook-instagram-over-privacy-fears/" data-event="recirculation" data-module="Query" href="https://techcrunch.com/2024/05/31/spain-bans-meta-from-launching-election-features-on-facebook-instagram-over-privacy-fears/" target="_self" data-mrf-link="https://techcrunch.com/2024/05/31/spain-bans-meta-from-launching-election-features-on-facebook-instagram-over-privacy-fears/" cmp-ltrk="Bottom - Articles" cmp-ltrk-idx="46" mrfobservableid="8f8b7289-c3cc-4e27-81ae-c4b196180edb"><img width="1024" height="554" src="https://techcrunch.com/wp-content/uploads/2020/03/Facebook-Stories-Cross-Post-To-Instagram.png?w=1024" alt="Spain bans Meta from launching election features on Facebook, Instagram over privacy fears" loading="lazy"></a>
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<p> Stripe, the worlds most valuable fintech startup, said on Friday that it will temporarily move to an invite-only model for new account sign-ups in India, calling the move “a tough… </p>
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<a data-destinationlink="https://techcrunch.com/2024/05/31/stripe-curbs-india-ambitions-over-regulatory-changes/" data-event="recirculation" data-module="Query" href="https://techcrunch.com/2024/05/31/stripe-curbs-india-ambitions-over-regulatory-changes/" target="_self" data-mrf-link="https://techcrunch.com/2024/05/31/stripe-curbs-india-ambitions-over-regulatory-changes/" cmp-ltrk="Bottom - Articles" cmp-ltrk-idx="49" mrfobservableid="96043a15-b15a-4844-b9fa-a36a5b4567f4"><img width="1024" height="681" src="https://techcrunch.com/wp-content/uploads/2024/05/GettyImages-2147863389.jpg?w=1024" alt="Stripe curbs its India ambitions over regulatory situation" loading="lazy"></a>
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<p> The 2024 election is likely to be the first in which faked audio and video of candidates is a serious factor. As campaigns warm up, voters should be aware: voice… </p>
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<a data-destinationlink="https://techcrunch.com/2024/05/31/voice-cloning-of-political-figures-is-still-easy-as-pie/" data-event="recirculation" data-module="Query" href="https://techcrunch.com/2024/05/31/voice-cloning-of-political-figures-is-still-easy-as-pie/" target="_self" data-mrf-link="https://techcrunch.com/2024/05/31/voice-cloning-of-political-figures-is-still-easy-as-pie/" cmp-ltrk="Bottom - Articles" cmp-ltrk-idx="51" mrfobservableid="e1344c0b-9a12-417f-87ed-d55ae8adbb3f"><img width="1024" height="576" src="https://techcrunch.com/wp-content/uploads/2016/12/gettyimages-184078581.png?w=1024" alt="Voice cloning of political figures is still easy as pie" loading="lazy"></a>
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<p> When Alex Ewing was a kid growing up in Purcell, Oklahoma, he knew how close he was to home based on which billboards he could see out the car window.… </p>
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<a data-destinationlink="https://techcrunch.com/2024/05/30/onescreen-ai-brings-startup-ads-to-billboards-and-nycs-subway/" data-event="recirculation" data-module="Query" href="https://techcrunch.com/2024/05/30/onescreen-ai-brings-startup-ads-to-billboards-and-nycs-subway/" target="_self" data-mrf-link="https://techcrunch.com/2024/05/30/onescreen-ai-brings-startup-ads-to-billboards-and-nycs-subway/" cmp-ltrk="Bottom - Articles" cmp-ltrk-idx="53" mrfobservableid="2849c8f4-e814-4c65-bcb1-3ce57cd8ebc9"><img width="1024" height="768" src="https://techcrunch.com/wp-content/uploads/2024/05/GettyImages-564951369.jpg?w=1024" alt="OneScreen.ai brings startup ads to billboards and NYCs subway" loading="lazy"></a>
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<p> SpaceXs massive Starship rocket could take to the skies for the fourth time on June 5, with the primary objective of evaluating the second stages reusable heat shield as the… </p>
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<a data-destinationlink="https://techcrunch.com/2024/05/30/spacex-sent-starship-to-orbit-the-next-launch-will-try-to-bring-it-back/" data-event="recirculation" data-module="Query" href="https://techcrunch.com/2024/05/30/spacex-sent-starship-to-orbit-the-next-launch-will-try-to-bring-it-back/" target="_self" data-mrf-link="https://techcrunch.com/2024/05/30/spacex-sent-starship-to-orbit-the-next-launch-will-try-to-bring-it-back/" cmp-ltrk="Bottom - Articles" cmp-ltrk-idx="56" mrfobservableid="b59a2c8f-e928-43f2-a2d2-e0e2a18534b8"><img width="1024" height="576" src="https://techcrunch.com/wp-content/uploads/2024/05/starship-static-fire.jpeg?w=1024" alt="SpaceX sent Starship to orbit — the next launch will try to bring it back" loading="lazy"></a>
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<p> Eric Lefkofsky knows the public listing rodeo well and is about to enter it for a fourth time. The serial entrepreneur, whose net worth is estimated at nearly $4 billion,… </p>
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<a data-destinationlink="https://techcrunch.com/2024/05/30/billionaire-groupon-founder-lefkofsky-is-back-with-another-ipo-ai-healthtech-tempus/" data-event="recirculation" data-module="Query" href="https://techcrunch.com/2024/05/30/billionaire-groupon-founder-lefkofsky-is-back-with-another-ipo-ai-healthtech-tempus/" target="_self" data-mrf-link="https://techcrunch.com/2024/05/30/billionaire-groupon-founder-lefkofsky-is-back-with-another-ipo-ai-healthtech-tempus/" cmp-ltrk="Bottom - Articles" cmp-ltrk-idx="58" mrfobservableid="86d72836-acbe-4566-b3b2-48a8461e8ca1"><img width="1024" height="683" src="https://techcrunch.com/wp-content/uploads/2024/05/Eric-Lefkofsky-1.jpg?w=1024" alt="Billionaire Groupon founder Eric Lefkofsky is back with another IPO: AI health tech Tempus" loading="lazy"></a>
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<p> TechCrunch Disrupt showcases cutting-edge technology and innovation, and this years edition will not disappoint. Among thousands of insightful breakout session submissions for this years Audience Choice program, five breakout sessions… </p>
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<a data-destinationlink="https://techcrunch.com/2024/05/30/youve-spoken-meet-the-5-breakout-session-audience-choice-winners-at-disrupt-2024/" data-event="recirculation" data-module="Query" href="https://techcrunch.com/2024/05/30/youve-spoken-meet-the-5-breakout-session-audience-choice-winners-at-disrupt-2024/" target="_self" data-mrf-link="https://techcrunch.com/2024/05/30/youve-spoken-meet-the-5-breakout-session-audience-choice-winners-at-disrupt-2024/" cmp-ltrk="Bottom - Articles" cmp-ltrk-idx="59" mrfobservableid="2fbc2f06-3dd7-4ecd-8529-6ccfda2dfb8a"><img width="1024" height="576" src="https://techcrunch.com/wp-content/uploads/2024/05/AC_breakout_Header_audiencechoice.png?w=1024" alt="Youve spoken! Meet the Disrupt 2024 breakout session audience choice winners" loading="lazy"></a>
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<p> Check Point is the latest security vendor to fix a vulnerability in its technology, which it sells to companies to protect their networks. </p>
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<a data-destinationlink="https://techcrunch.com/2024/05/30/check-point-vpn-zero-day-extremely-easy-to-exploit/" data-event="recirculation" data-module="Query" href="https://techcrunch.com/2024/05/30/check-point-vpn-zero-day-extremely-easy-to-exploit/" target="_self" data-mrf-link="https://techcrunch.com/2024/05/30/check-point-vpn-zero-day-extremely-easy-to-exploit/" cmp-ltrk="Bottom - Articles" cmp-ltrk-idx="60" mrfobservableid="e3c98abe-b613-4d39-bcfb-016891f04d3c"><img width="1024" height="725" src="https://techcrunch.com/wp-content/uploads/2024/05/backdoor-cybersecurity-flaw.jpg?w=1024" alt="Zero-day flaw in Check Point VPNs is extremely easy to exploit" loading="lazy"></a>
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<p> Though Spotify never shared official numbers, its likely that Car Thing underperformed or was just not worth continued investment in todays tighter economic market. </p>
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<a data-destinationlink="https://techcrunch.com/2024/05/30/spotify-begins-offering-car-thing-refunds-as-it-faces-lawsuit-over-bricking-the-streaming-device/" data-event="recirculation" data-module="Query" href="https://techcrunch.com/2024/05/30/spotify-begins-offering-car-thing-refunds-as-it-faces-lawsuit-over-bricking-the-streaming-device/" target="_self" data-mrf-link="https://techcrunch.com/2024/05/30/spotify-begins-offering-car-thing-refunds-as-it-faces-lawsuit-over-bricking-the-streaming-device/" cmp-ltrk="Bottom - Articles" cmp-ltrk-idx="62" mrfobservableid="f317a0a7-fdf7-482f-b0f9-91a031dc56c6"><img width="1024" height="768" src="https://techcrunch.com/wp-content/uploads/2021/04/Car-Thing-Front-Zoom-2.jpg?w=1024" alt="Spotify offers Car Thing refunds as it faces lawsuit over bricking the streaming device" loading="lazy"></a>
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<p> The studies, by researchers at MIT, Ben-Gurion University, Cambridge and Northeastern, were independently conducted but complement each other well. </p>
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<a data-destinationlink="https://techcrunch.com/2024/05/30/misinformation-works-and-a-handful-of-social-supersharers-sent-80-of-it-in-2020/" data-event="recirculation" data-module="Query" href="https://techcrunch.com/2024/05/30/misinformation-works-and-a-handful-of-social-supersharers-sent-80-of-it-in-2020/" target="_self" data-mrf-link="https://techcrunch.com/2024/05/30/misinformation-works-and-a-handful-of-social-supersharers-sent-80-of-it-in-2020/" cmp-ltrk="Bottom - Articles" cmp-ltrk-idx="63" mrfobservableid="cee77e82-9bdb-484e-abe4-67f2b756db32"><img width="1024" height="585" src="https://techcrunch.com/wp-content/uploads/2022/04/fakenews.jpg?w=1024" alt="Misinformation works, and a handful of social supersharers sent 80% of it in 2020" loading="lazy"></a>
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<p> Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Okay, okay… </p>
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<a data-destinationlink="https://techcrunch.com/2024/05/30/tesla-shareholder-sweepstakes-and-ev-layoffs-hit-lucid-and-fisker/" data-event="recirculation" data-module="Query" href="https://techcrunch.com/2024/05/30/tesla-shareholder-sweepstakes-and-ev-layoffs-hit-lucid-and-fisker/" target="_self" data-mrf-link="https://techcrunch.com/2024/05/30/tesla-shareholder-sweepstakes-and-ev-layoffs-hit-lucid-and-fisker/" cmp-ltrk="Bottom - Articles" cmp-ltrk-idx="64" mrfobservableid="7b6ba086-e07d-4722-ac49-33aeab9d832c"><img width="1024" height="648" src="https://techcrunch.com/wp-content/uploads/2024/03/GettyImages-1236611991.jpg?w=1024" alt="Tesla shareholder sweepstakes and EV layoffs hit Lucid and Fisker" loading="lazy"></a>
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