Daily Crunch: FTX CEO Sam Bankman-Fried quits as crypto exchange files for bankruptcy

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Boy. Alex said this week has been a long year. It has been a crazy ride, but it isn't even in the top 10 of crazy things that happened.

The old interface of Gmail is no longer usable by you. The DOJ seized $3.36 billion worth of Silk Road, the DOJ backed out of buying FTX, and the company wrote off its entire FTX investment. The founder of Theranos will find out her lot next week, while the founder of Peloton is selling rugs. After it laid off half of its staff, and then made moves to hire some of them back, there was a wall of drama on the social media site. We are all #RatVerified 4lyf now.

Next week will be a bit more chill for you. It will be for Haje, who is going to do some scuba diving for a week, and possibly trusting Apple with his life in the process. He could be heard saying, "I hope there's a bit of internet left when I return."

If you take a break, you can always get stressed out next week.

The TechCrunch Top 3

• Only the beginning, we fear: If you’ve been following the whole FTX company drama, then no doubt you have a take on today’s big story that the crypto exchange founder and CEO Sam Bankman-Fried filed for Chapter 11 bankruptcy and also resigned his position. This comes after SBF thought there was a chance to save the company through other methods, like a tie-up with Binance and then some liquidity. This has been so much that Jacquelyn said on CNBC this morning that everyone should put their crypto in their own private keys.
• All that back-and-forth is hurting our neck: We fear that Twitter developers have spent much of their 84-hour workweek flipping the “official badge” switch on and off to appease Elon Musk’s constantly flip-flopping ideas. Natasha L has more on what’s happening.
• Potato, potahto, let’s call the whole thing off (and on again): Ivan has the best headline all week — “Have you tried turning it off and on again, Elon?” We’re still waiting for that answer.

Startups and VC

After one of the craziest news weeks we've seen, our news team is flopped over in their sofas. We are so tired that we are not going to write a proper introduction. Click here to make yourself a cup of tea Don't. You are the master of your own fate.

Pitch Deck Teardown: Syneroid’s $500K seed deck

A lost pet has higher emotional stakes than a stolen vehicle.

10 million pets are lost each year in the US, but less than 30% are returned home, according to a startup that makes smart tags.

After raising a $500,000 seed round, the company's founders shared their pitch deck with TechCrunch. No information has been removed or nixed.

Pitch Deck Teardown: Syneroid’s $500K seed deck

There are three more people from the team.

The membership program helps startup teams get ahead of the game. This is where you can sign up. You can get a 15% discount on an annual subscription.

Big Tech Inc.

Brian was able to learn about the delivery giant's plans for global domination while he was at Amazon. Amazon aims to improve the world of last-mile delivery with the help of robotic technology.

Are you looking for more entertainment? There are five more.