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Thursday, 1 September 2022

The Morning After: Crypto.com refunded someone $7.2 million by mistake

If you ever want a reminder of how hard it is to run a financial institution, check out this unfortunate error made by Crypto.com. It accidentally refunded one of its customers around $7.2 million, rather than the $68 she was expecting. Even worse, the company didn’t discover the expensive snafu until nearly seven months after the transfer. Given the basic tenets of crypto-libertarianism and its philosophical resentment of institutions, you might have expected the site to just write-off the loss. But the platform has instead gone to the courts to get the cash back, forcing the woman to return it, with interest.

– Daniel Cooper

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ASUS' Zenbook 17 Fold OLED laptop will start at $3,500

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The best gadgets under $50 for students

Save some cash in the back-to-school rush.

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Snap confirms it's laying off around 1,300 employees

It’s also canceled almost all of its original series.

Snap has announced a savage round of job losses and project cancellations as part of a major cost-cutting drive. The company behind Snapchat will lay off 20 percent of its workforce, around 1,300 people, and cancel almost all of its original content projects. Standalone apps like Zenly and Voisey close, and development work on its lackluster, if cute, Pixy selfie drone will stop. Snap hopes it can save around $500 million as a result, although losing so many reasons to stick around might cause users to desert the platform as well.

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Meta is shutting down the standalone Facebook Gaming app

The Twitch competitor was popular, but not popular enough.

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What we bought: An NVIDIA RTX 3070, two years late

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Igor Bonifacic / Engadget

Engadget’s Igor Bonifacic has spent the better part of two years trying to snag NVIDIA’s drool-worthy graphics card, the RTX 3070. Cryptocurrency miners have held the graphics card market in their fist for years, and so it’s taken this long to find one available at an affordable price. He said it was worth the wait, especially now they can play games with the settings dialed up to 11 without breaking a sweat.

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