Track FTX news, including bankruptcy updates, creditor repayments, court rulings, asset recovery, and the lasting impact of the collapse.
The regulator said the move was aimed at “safekeeping” the assets and “was necessary to protect the interests of clients and creditors” of the bankrupt exchange.
Oluwapelumi Adejumo 2 min read 
A bankruptcy statement by new FTX CEO John Ray said he has never in his career seen "such a complete failure" of corporate controls.
Bitcoin and Ethereum emerge as the second and third most shorted crypto, Genesis asked for a $1 billion loan but got rejected, and much more in this edition of CryptoSlate Wrapped Daily.
The new FTX CEO Ray III described the situation as a "complete failure of corporate controls and such a complete absence of trustworthy financial information."
The FTX exploiter currently holds $11.8 million BNB and ETH worth around $346.8 million at current prices.
The crypto community has blasted mainstream media outlets for their portrayal of Sam Bankman-Fried as a virtuous individual.
Temasek revealed that it conducted an extensive due diligence process on FTX, which lasted 8 months between February and October 2021.
Kyle Davies calls out Sam Bankman-Fried for hiding the scale of FTX's problems and for hunting 3AC's trading positions.
The Committee wants to hear from Sam Bankman-Fried, Binance and other related entities in the FTX's collapse.
