Outspoken Shark Tank entrepreneur Mark Cuban says that smart contracts and apps are the reason he invested so much of his money into crypto and that what’s required is a ‘ubiquitous’ app that’s needed by everyone.

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Binance chief Changpeng Zhao (CZ) has announced on Twitter that the firm will launch “an industry recovery fund” to help limit the impact of the collapse of FTX and the rest of Sam Bankman-Fried’s cryptocurrency empire.

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With most eyeballs on FTX’s rapid meltdown last week, fears of a Crypto.com insolvency are swirling on the periphery. Some observers fear that Crypto.com or its Cronos (CRO) blockchain system could face similar struggles or financial shortfalls in the wake of the FTX collapse.

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As the FTX meltdown continues, worried users are turning to inventive, risky, and most probably illegal workarounds to attempt to extract what funds they can from the Bahamas-based crypto exchange.

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Sam Bankman-Fried’s crypto exchanges FTX and FTX.US, trading firm Alameda Research, and over 100 related entities have declared Chapter 11 bankruptcy.

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In an almost instantly-deleted tweet, billionaire and activist investor Bill Ackman “gave credit” to founder and chief exec of bankrupt crypto exchange FTX Sam Bankman-Fried (SBF) for his “accountability,” and said he’d “never seen a CEO take responsibility as [SBF] does here.”

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The popular Bitcoin OpTech newsletter has created a Hall of Fame to thank developers who responsibly disclosed major vulnerabilities in Bitcoin software without exploiting them for their own benefit. The list provides more than four years of history of episodes when Bitcoin came close to the brink of failing.

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As Sam Bankman-Fried’s crypto exchange FTX faces bankruptcy, users are scrambling to move cryptocurrency to cold wallets like Ledger and Trezor — but due to a sudden surge in traffic, Ledger experienced ‘downgraded server performance’ which left users unable to send or withdraw funds.

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According to two investment tracking websites, a pair of bitcoin’s most vociferous supporters, MicroStrategy founder Michael Saylor and president of El Salvador, Nayib Bukele, are a combined $1.75 billion down on their well-publicized investments.

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Justin Sun has apparently noticed a number of pretty significant events happening in crypto at present. He also seems to have realized that nobody’s talking about him so, in true Justin Sun fashion, has found a way to insert himself into the discussion.

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