The cryptocurrency industry saw one of the most spectacular crashes of one of its giants earlier this month, which cast doubt over the entire market and investors’ perspectives on it.

The fall of FTX seemingly had the biggest impact on the crypto ecosystem as Google searches for the CEO Sam Bankman-Fried (SBF) hit the roof over in November 2022. Some of the biggest drivers for this trend include mainstream media attention, colossal losses and political ties.

Sam Bankman-Fried (SBF) led the FTX crash has impacted the crypto market in the worst way possible. Crypto lender BlockFi is reportedly preparing for bankruptcy filing due to its extensive exposure to FTX. However, Ripple Counsel has raised some crucial questions over the FTX-BlockFi connection and its U.S. SEC settlement.

Billionaire investor Kevin O’Leary and crypto personality BitBoy are engaging in a public spat that is taking over social media. The former mocked BitBoy’s hunt for former FTX CEO Sam Bankman-Fried in the Bahamas. BitBoy has flown to the Bahamas to interrogate Bankman-Fried in a quest that the majority of the crypto community finds entertaining.

Glassnode Data Shows That FTX Collapse Left Bitcoin Holders Unfazed.

Ripple’s APAC Policy Director has described the fall of FTX as “incredibly damaging” for the crypto space, but says the industry should stand the test of time if its focus shifts towards building “real utility.”

The monumental collapse of FTX will go down as one of the biggest corporate scandals of all time. But, at least Sam Bankman-Fried, or SBF, is sorry. On Nov. 22, the disgraced founder of FTX penned a letter to his former employees describing his role in the company’s bankruptcy. “I never intended this to happen,” he wrote. “I did not realize the full extent of the margin position, nor did I realize the magnitude of the risk posed by a hyper-correlated crash.” Get this: SBF still thinks the company can be saved because “there are billion of dollars of genuine interest from new investors.” Shouldn’t he be preoccupied with trying to avoid jail right now?

Prominent crypto influencer Ben Armstrong, aka BitBoy Crypto, has flown to the Bahamas in a bid to talk to Sam Bankman-Fried, FTX founder and its former CEO.

What did Sam Bankman-Fried do with FTX and how was it possible that no one saw it coming?

After listening to Moss outlining the problems at FTX and numerous fraudulent actions allegedly conducted by its former CEO Sam Bankman-Fried (SBF), the author of Rich Dad Poor Dad, Robert Kiyosaki, emphasized:

John Deaton, XRP holders’ lawyer highlighted that the only legitimate debate here regarding SBF jail is whether it should happen now or after some weeks. This will be decided after acquiring more specific evidence. However, several experts have suggested that there is a lot of evidence to jail SBF now.

Two weeks prior to declaring bankruptcy, FTX US reportedly gave $1 million to a Super PAC. A Senate Leadership Fund affiliated with the Republicans, one of the top spenders in the mid-term elections, and multiple other donations were made by the company’s executives.

While experts predict that SBF could likely face jail term over misuse of crypto funds, the onus is now on his political donations. XRP lawyer John Deaton said FTX can approach those who received its funds 90 days before it filed for bankruptcy. This could mean all the political beneficiaries of SBF can be hit with preference claims.

“I am happy to see @0xPolygon ecosystem was lucky to come out safe from all this chaos. I can speak for myself and a few ecosystem founders I spoke with,” Polygon co-founder Sandeep Nailwal&nbsp;<a href="https://twitter.com/sandeepnailwal/status/1591157307152683008">said in a tweet</a> on Saturday.

Sam Bankman-Fried (SBF) led the FTX crash has caused a heavy dent in the digital asset market. As the FTX contagion is on a spread, the crypto community and leaders have called out watchdogs for letting SBF free till now. However, the XRP lawyer dropped his predictions over SBF’s possible arrest.

Kraken CEO calls Binance PoR system "pointless"; FTX Started Bankruptcy Proceedings; Binance launches $2B for its crypto recovery fund; Elon Musk says Wall Street Journal was giving foot massages to Sam Bankman-Fried.

The Binance CEO said the FTX management lied about not taking user money, saying it was a sort of a Ponzi scheme. He said all industries go through ups and downs in early phase. All the new industries have successful and failed projects, he explained. On the flip side, CZ said the Terra Luna project was mismanaged similar to the Lehman brothers.&nbsp;

The Financial Crimes Investigation Board of Turkey (MASAK) seeks to seize “suspicious” assets linked to the battered cryptocurrency exchange FTX.&nbsp;

The prolonged crypto winter aided by the collapse of FTX has kept investors from backing a new protocol that merges DeFi and the foreign exchange market. A new Cosmos blockchain-based DeFi protocol has caught the eyes of investors who have put $10 million behind the project.

UAE’s crypto company is considering bidding for FTX’s payment business once the court approves sales.