In light of the recent incident surrounding FTX, lawmakers from both parties are making a symbolic decision to return campaign donations from the cryptocurrency exchange’s senior executives.

Leading global cryptocurrency exchange, Bitget announces that it will increase its Protection Fund to 300 Million USD, in order to provide better protection and further assurance to crypto users. This is part of Bitget's major efforts in building the trust of the crypto market after FTX's collapse, leaving users with massive losses. The initiatives come along with a 5 million USD Builders' Fund to support FTX users, coupled with the plan to share the Merkle Tree Proof of Reserves, which is under preparation and will soon be released in 30 days.

The FBI is in talks with Bahamian authorities to extradite the 30-year-old crypto founder.

Binance, the world’s leading cryptocurrency exchange, has halted trading for the FTT/USDT trading pair following the FTX fallout.

The Australian Securities and Investments Commission (ASIC) has suspended the license of FTX Australia Pty Ltd, the local subsidiary of troubled cryptocurrency exchange FTX.com, until 15 May 2023. The move came as the entity was placed under voluntary administration on 11 November.

FTX former CEO Sam Bankman-Fried plans to raise fresh capital to make customers whole after filing for Chapter 11 bankruptcy on Friday. Sam Bankman-Fried asserts his goal is to “raise liquidity, make customers whole, and restart.” He also disclosed the current liquid, semi-liquid, and illiquid assets at crypto exchange FTX. However, FTX may have over a million in creditors and institutional investors are pulling out of FTX

Sam Bankman-Fried&nbsp;was interviewed by Bahamas police over the weekend, and&nbsp;<i><a href="https://www.bloomberg.com/news/articles/2022-11-15/ftx-latest-scaramucci-says-zhao-likely-sold-ftt-in-retaliation">Bloomberg</a></i><a href="https://www.bloomberg.com/news/articles/2022-11-15/ftx-latest-scaramucci-says-zhao-likely-sold-ftt-in-retaliation">&nbsp;reported</a>&nbsp;on Tuesday that US and Bahamian authorities had discussed the possibility of bringing him to America for questioning.&nbsp; &nbsp;

Crypto custodian BitGo is in preliminary discussions to raise new funds at a $1.2 billion valuation, according to sources with knowledge of the company’s thinking.

The Australian Securities and Investments Commission has suspended FTX Australia's financial services license in the country until May 15, 2023.

As a co-founder of Ethereum, Vitalik Buterin is one of the most prominent voices in crypto. He took to Twitter early Tuesday morning to urge his audience not to write off everything FTX’s departing CEO Sam Bankman-Fried did as a part of “the fraud.”

In the latest tweet, ApeCoin [APE] revealed its status regarding the FTX episode. Reportedly, the Ape Foundation does not hold any assets on FTX.&nbsp; The treasury has been held in segregated custody accounts via Coinbase Custody.

Bankman-Fried's seemingly incoherent Twitter-stream-of-consciousness thread continued to unfold on Tuesday, most recently with the claim that, “FTX US had enough to repay all customers,” a statement he simultaneously undercuts with the caveats that his memory might be faulty and that "not everyone necessarily agrees.”

Binance, BitMEX and KuCoin have delisted FTX Token pairs from their crypto exchange platforms.

Disgraced FTX founder and former crypto billionaire Sam Bankman-Fried was a prolific donor to US politicians. Now, his beneficiaries are grappling with the realities of accepting his money.

Solana (SOL) Foundation revealed that it held roughly $1 million worth of cash or its equivalent -less than 1% of its assets- on bankrupt crypto exchange FTX as of Nov. 6, according to a Nov. 14 blog post.

When the world realized the fraud&nbsp;Sam Bankman-Fried (SBF)&nbsp;committed to building his FTX empire, fellow entrepreneurs, investors and long-time believers unanimously acknowledged the damage caused to the credibility of the crypto ecosystem. On the other hand, mainstream media — that predominantly attacked crypto via negative speculations — has seemingly taken sides with SBF while paying no heed to the losses exceeding billions of dollars incurred by the general public.

Elon Musk believes that SBF’s political donations shielded him from regulatory scrutiny.

Regulatory agencies around the world are in contact with FTX lawyers, who have said there could be anywhere from 100,000 to more than one million users affected by the exchange’s shock bankruptcy.

Multiple FTX and FTX US wallets continue to send crypto assets to the FTX Drainer address 0x59A…32b even three days after the hack. The FTX Drainer address now holds almost $62 million in crypto assets. The hackers transferred over $600 million in crypto assets from wallets triggered by an auto-update that leaked keys and execute functions to empty several wallets.

FTX founder and former Chief Executive Sam Bankman-Fried said in an interview to the New York Times on Monday that he expanded his business too fast and failed to notice signs of trouble at the exchange, whose downfall sent shock waves throughout the cryptocurrency industry.