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That Fyre Fest tweet with the sad sandwich will be auctioned as an NFT for medical expenses

The Verge

“With how hot the NFT market is right now I figured I’d give it a shot and could hopefully raise enough money that I wouldn’t need to rely on a GoFundMe to pay for my medical expenses,” DeHaas said in an email to The Verge. Kendall Jenner was among the celebrities paid $250,000 to promote the event , which guests paid up to $12,000 to attend.

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SBF claims massive ignorance on obvious conflicts in FTX downfall

TechCrunch

During the interview, SBF, while sipping (and at least once, spilling) a La Croix in the Bahamas, claimed multiple times that he did not know how certain aspects of the business, from its ties to its eventual bankruptcy, went so wrong. It’s still not clear if those people will see their money again.

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Flying taxi startup Lilium will build a hub for its electric aircraft in Florida

The Verge

Lilium says it will construct a $25 million “vertiport” in Lake Nona, a planned community of about 65,000 people within the Orlando city limits. It will work with the primary real estate developer in the area, Bahamas-based Tavistock Development Company, on the development and construction of the vertiport.

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The Fyre Festival settlement reveals the true cost of schadenfreude — $7,220 a pop

The Verge

Tickets for the 2017 “luxury” music festival on a remote island in the Bahamas that actually turned out to be a beach full of FEMA tents and some pathetic cheese sandwiches, cost anywhere from $1,000 to as much as $12,000 — more if you bought a package deal. McFarland’s business partner, rapper Ja Rule, was cleared of wrongdoing.

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Twitter battles all things ElonJet, SBF gets arrested, and OpenAI tries to figure out watermarking

TechCrunch

WiR should leave you with a pretty good idea of what people were reading/talking/tweeting about. SBF arrested : Sam Bankman-Fried, founder of the FTX cryptocurrency exchange/Gordian knot that exploded oh-so-dramatically over the last few months, was arrested in the Bahamas this week. Been too busy to read tech news? Me neither.

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FTX processed billions monthly in Africa before going bust

TechCrunch

At least 30 employees across various departments were let go, while those who were left at the company had their salaries slashed by as much as 40%, according to people familiar with the matter. Other African companies that have received money from Alameda and FTX include Chipper Cash, Mara, VALR, Jambo and Bitnob.

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Shark Tank’s Kevin O’Leary talks crypto and why he’s pro stablecoins

TechCrunch

It’s a little less than two weeks since Crypto Bahamas began, but we’re still bringing out content from the conference, because, seriously, there was so much good alpha we couldn’t not share it. So a $400 million [total investment], at a $9 billion valuation from the most conservative money managers on earth.