FTX’s collapse revealed numerous skeletons in the closet of the company. One of the skeletons appeared to be U.S. Farmington State Bank, which FTX owned through a subsidiary.

Ren Protocol warned its users about the risk of losing funds due to the shutdown of the Ren 1.0 version protocol. The shutdown was caused by funding problems due to the collapse of Alameda.

Sam Bankman-Fried, the ex-CEO of bankrupt crypto trading firm FTX, has been arrested in the Bahamas. He is accused of lying to investors and violating the law starting from the founding of FTX in 2019.

Nikolaos Panigirtzoglou, JPMorgan analyst, described how the crypto ecosystem might change after the FTX collapse. To cut long story short: no DeFi in the near future. First of all, the assertion by JPMorgan suggests that the collapse of FTX will speed up existing regulatory initiatives: MiCA (Markets in Crypto Assets)

MakerDAO Management unanimously voted to withdraw the RENBTC-A pledge.

While most crypto industry players have to monitor the development of negative trends and live through a series of events that undermine the trust in blockchain technology, the crisis goes far beyond the price in charts of cryptocurrencies.

The collapse of FTX has had a huge impact on the whole crypto industry. Let’s check out how it is all going almost one month after the crash.

Binance users are massively withdrawing their funds from the platform amid the collapse of the FTX exchange.