Embattled FTX founder Sam Bankman-Fried owns a stake in Twitter that's worth about $100 million, according to a report from Semafor.

Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, says the collapse of cryptocurrency exchange FTX has highlighted the urgent need for tighter crypto regulation. “We should not wait until it is large and connected to develop the regulatory frameworks necessary to prevent a crypto shock that could have a much greater destabilizing impact,” said the deputy governor.

<a href="https://ambcrypto.com/?s=Chainlink">Chainlink’s [LINK]</a>&nbsp;response to the <a href="https://ambcrypto.com/ftt-collapse-post-mortem-how-ftx-was-led-by-kids-with-no-experience/">FTX collapse</a> that spread wreckage round the market has been full of favor. While panic became the order of the day, it was not the circumstance for LINK.

FTX founder Sam Bankman-Fried apologized to his employees and offered his explanation of why the crypto exchange collapsed in a two-page letter circulated among his former colleagues.

The Monetary Authority of Singapore (MAS), the country’s central bank, <a href="https://www.mas.gov.sg/news/media-releases/2022/mas-statement-to-address-misconceptions-in-the-wake-of-collapse-of-ftx" target="_blank">released</a> a statement Nov. 21 to address “some questions and misconceptions that have arisen in the wake of the FTX.com (FTX) debacle.” The agency explained its&nbsp;

The fall of Sam Bankman-Fried’s crypto empire FTX has attracted the attention of United States authorities as they seek to uncover the truth behind the company’s sudden collapse.

Mr. Sun is responsible for the creation of the cryptocurrency network <a href="https://coingape.com/tag/tron/">Tron</a> and currently consults for the Huobi Global digital asset exchange. Mr. Sun stated that “right now our team is in the Bahamas” in order to hold discussions with FTX. Later, he clarified that this statement referred to representatives of both Tron and Huobi, as well as the Bahamas.

While speaking at a conference in Coventry, Sir Jon Cunliffe, the Deputy Governor of the Bank of England, weighed in on regulations for cryptocurrency. The official initially intended to speak about stablecoins and Central Bank Digital Currency (CBDC). Instead, he shared his thoughts on the broader crypto industry after recent events.

FTX, the now-bankrupt crypto exchange operator, its founder Sam Bankman-Fried's parents and the firm's senior executives bought at least 19 properties worth about $121 million in the Bahamas over the past two years, Reuters reported Tuesday, citing official property records.

Binance hasn't responded yet on this matter but the recent tweet from Oxscope do raise some serious question.

A modified video of Sam Bankman-Fried, founder and former CEO of collapsed crypto exchange FTX, is trying to trick users into a fake crypto giveaway and potentially steal their funds.

The latest revelation from the FTX case reveals that Bahamian properties worth millions were bought in the company name. FTX, at the time operated by Sam Bankman-Fried (SBF), his parents and other high-level executives of the company, reportedly purchased at least 19 properties in the Bahamas over the last two years.

U.S. Senators Elizabeth Warren, Dick Durbin and Tina Smith have asked Fidelity Investments, one of the country’s largest financial services providers, to rethink its decision to grant retirement plan participants exposure to Bitcoin in the aftermath of the FTX implosion, in a letter released on Monday.&nbsp;

The various divisions of Sam Bankman-Fried's crumbling set of companies have $1.2 billion in cash as of Nov. 20, far below the $3.1 billion it owes its top 50 creditors, court documents show.

According to a Nov. 21 report from Japan-based news outlet NHK, FTX Japan has been <a href="https://www3.nhk.or.jp/news/html/20221121/k10013898981000.html" target="_blank">making</a> preparations to resume withdrawals. Japan’s Financial Services Agency, or FSA, requested the exchange suspend business orders on Nov. 10 prior to FTX Group <a href="https://cointelegraph.com/news/ftx-ftx-us-and-alameda-file-for-chapter-11-bankruptcy-in-us-sbf-resigns">declaring bankruptcy in the United States</a> for more than 130 associated companies, including FTX Japan Holdings, FTX Japan, and FTX Japan Services.

In what could be yet another blow for the crypto community, the FTX hacker has just moved 195,000 Ethereum from his wallet. This could mean the hacker will convert the transferred ETH into Bitcoin (BTC).

While the crypto market struggles to recover from the shock collapse of FTX, there are finally some positive signals coming out. The troubled crypto exchange entered into chapter 11 bankruptcy proceedings after it struggled to cope with the liquidity crisis. Along with the bankruptcy announcement, FTX also replaced <a href="https://coingape.com/tag/sam-bankman-fried/">Sam Bankman-Fried</a> with John Ray as the new CEO. Whether Ray finds enough support to turn the fortunes around for the company remains to be seen.

Funds said to be stolen from the now-bankrupt crypto exchange <a target="_blank" href="https://cryptonews.com/tags/ftx">FTX</a> are on the move, and likely headed for exchanges as hackers attempt to cash out the proceeds.

The MAS revealed Binance was placed on the IAL because it actively seeks Singaporean users and has features that could be misinterpreted to mean it is licensed by the regulator.

Crypto exchange FTX Trading’s Japanese arm FTX Japan plans to resume withdrawals by the end of this year. While the withdrawals are currently suspended, FTX Japan’s executive said on Monday that the team is already developing its withdrawal system.