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FTX founders Bankman-Fried and Wang reportedly detained

FTX supremo Sam Bankman-Fried and his co-founder Gary Wang were reportedly snared before they could flee the Bahamas for Dubai.

UK crypto inquiry asks Binance if it knew it would collapse FTX

The UK Parliament Treasury Committee began its inquiry by grilling Binance, Ripple, and Galaxy execs on FTX, bad actors, and regulation.

Even Elon Musk thinks Sam Bankman-Fried’s political giving can save him from investigation. However, FTX’s donations transcend parties.

Many in the crypto space think that a ‘Cool Token’ not traditional bankruptcy is the way to go for FTX. But how did it work out for Bitfinex?

Changpeng Zhao has announced that Binance Labs will be launching an industry recovery fund to stem the damage of the FTX collapse.