Kraken CEO calls Binance PoR system "pointless"; FTX Started Bankruptcy Proceedings; Binance launches $2B for its crypto recovery fund; Elon Musk says Wall Street Journal was giving foot massages to Sam Bankman-Fried.

Temasek’s investment in collapsed cryptocurrency exchange FTX will be discussed at the next Parliament sitting, which starts on Monday (Nov 28).

Morgan Stanley has once again lowered its 2023 EPS estimate for Silvergate Capital (NYSE:&nbsp;<a href="https://seekingalpha.com/symbol/SI?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews">SI</a>), arguing that the digital asset-focused bank faces a "wide range of outcomes and risks" from the demise of crypto exchange FTX.

What would have happened if someone else won the auction? Voyager's estate would have recalled FTX/Alameda's loans.

The Binance CEO said the FTX management lied about not taking user money, saying it was a sort of a Ponzi scheme. He said all industries go through ups and downs in early phase. All the new industries have successful and failed projects, he explained. On the flip side, CZ said the Terra Luna project was mismanaged similar to the Lehman brothers.&nbsp;

A total of eight U.S. congress members – four Republicans and four Democrats – had in <a href="https://emmer.house.gov/_cache/files/0/c/0c7fc863-7916-4b19-bc44-52bef772287e/9B0B9D1CA9B3C215DDC762DF5B0F6864.3.16.22.emmer.sec.letter.pdf" target="_blank">a March letter</a>&nbsp;questioned the SEC’s authority to inquire about cryptocurrency-related projects including FTX.&nbsp;The congress members claimed that SEC’s inquiries in the crypto community could kill American innovations.

Following the FTX collapse and amid the aftermath, people have been wondering about the company’s Crypto Bahamas conference that was scheduled to happen on April 17-20, 2023, at the exclusive Grand Hyatt Baha Mar, in Nassau. The event planned for April 2023 was supposed to be hosted by the now-bankrupt FTX and the Skybridge Capital-backed Salt conference promoters.

The Financial Crimes Investigation Board of Turkey (MASAK) seeks to seize “suspicious” assets linked to the battered cryptocurrency exchange FTX.&nbsp;

The Aragon Project increased the ether (ETH) holdings in its treasury by over $20 million in an attempt to improve its exposure to more censorship-resistant crypto assets.

The prolonged crypto winter aided by the collapse of FTX has kept investors from backing a new protocol that merges DeFi and the foreign exchange market. A new Cosmos blockchain-based DeFi protocol has caught the eyes of investors who have put $10 million behind the project.