According to a new independent report, Luna Foundation Guard (LFG) transferred more than 52,000 bitcoin (BTC) from its reserves to Jump Trading as part of its efforts to defend the price of terraUSD (UST). However, observers have already started to point out that there are certain, crucial details missing.

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Genesis Global Capital, the cryptocurrency lending arm of Genesis Global Trading, has shut down withdrawals amidst the FTX and Alameda Research collapse.

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Sam Bankman-Fried (SBF) is eyeing a comeback. This is despite him being investigated by the Bahamian authorities and his firm, FTX, filing for bankruptcy.

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Investors in the investing app Robinhood fear that contagion from FTX could affect their trades being processed by Jump Crypto. The link between Robinhood, Jump, and FTX is direct: Sam Bankman-Fried (SBF) notably owned 7.6% of Robinhood’s stock and once claimed to be preparing a full acquisition offer for Robinhood.

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Digital asset information platform The Tie has compiled many of the tweets Sam Bankman-Fried has deleted in the past year. It showcases how tons of people are scrambling to sever ties with Bankman-Fried and FTX -- and more importantly, gives insight into which of his own posts he doesn't want you to see.

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According to reports, FTX co-founder Gary Wang is being held under supervision by Bahamian authorities alongside Sam Bankman-Fried (SBF). The pair are also being investigated by the country’s financial crimes unit.

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The UK Government began an inquiry into the crypto assets industry yesterday. Officials from the likes of Binance and Ripple were asked if crypto could be compared to 17th-century tulip mania and if Binance knew its relationship with FTX would lead to the exchange’s collapse.

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Amidst the collapse of FTX, conspiracies about the relationship between the crypto exchange and lawmakers have spread. Elon Musk, the “richest man in the world,” has even propagated these claims, stating that Sam Bankman-Fried was not investigated because he was “a major Dem donor.”

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Sam Bankman-Fried’s newfound infamy has given cryptocurrency regulators an opportunity to unravel the former billionaire’s lobbying efforts. Lawmakers will be pressed to reassess their approaches to digital assets, Politico reports.

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A former FTX employee, Zane Tackett, put out a Twitter thread a few days ago ending with a pointed — if biased — question: Should FTX issue a “Cool Token” or go through a traditional bankruptcy proceeding?

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