The balance sheet contains an apology, the in-house coach is concerned that company executives are “undersexed” and billions in customer funds remain in jeopardy. The wreckage at FTX goes from bad to worse.

Plus: Elon’s “extremely hardcore” plan for Twitter 2.0.

Additional Resources:

• George K. Lerner, FTX’s in-house performance coach • , said he was shocked by the collapse of FTX. • In an interview with Matt Levine, a Bloomberg columnist, Sam Bankman-Fried described his strategy to restore faith in the crypto ecosystem • . • Bankman-Fried reflected on his actions as chief executive of FTX in a series of Twitter messages • with Kelsey Piper, a Vox reporter. • Elon Musk told Twitter employees in an email that the company would become an “ extremely hardcore • ” operation. Employees were asked to click yes to be part of the new Twitter or take severance. Musk’s social calendar • includes courting comedians and hopping on yachts.

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