Employees working for the U.S. arm of FTX's cryptocurrency exchange business are trying to sell company assets, in some cases without CEO Sam Bankman-Fried's “participation,” according to Bloomberg News, which cited two people familiar with the matter.

FTX CEO Sam Bankman-Fried sold equity in the firm at a 50% discount to employees in the spring, a person familiar with the matter told The Block.  In June, about 20 people were fired off across the organization due to performance, the person said. Separately, the head of institutional sales, Zane Tackett, appears to have been terminated on Nov. 10, according to a posting on his Twitter account. The firm declined to comment.

The wallet that Binance’s FTX tokens were transferred into still has 17 million FTT, worth approximately <a href="https://etherscan.io/token/0x50d1c9771902476076ecfc8b2a83ad6b9355a4c9?a=0x28c6c06298d514db089934071355e5743bf21d60" target="_blank">$65 million</a> at the time of writing, according to Etherscan. Binance’s position represents a 5% stake in the total FTT supply.&nbsp;

Deep dive into the latest developments of the FTX collapse, by analysing all the verifiable information, and related events that have come out since the initial collapse.

Ethereum project the Bored Ape Yacht Club&nbsp;is seeing sinking prices as ETH falls and owners potentially panic-sell their valuable NFTs.

Today, the Securities Commission of The Bahamas took action to freeze the assets of FTX Digital Markets. The Commission also applied to the Supreme Court for the appointment of a provisional liquidator of FTX.

Crises also bring opportunities. As we can expect more price turbulences in the coming weeks, now is a good time to plan your next steps.

FTX Japan said Thursday it is going into "close-only" mode, meaning users will only be able to close out existing positions but not initiate new ones, following an&nbsp;<a href="https://www.fsa.go.jp/news/r4/sonota/20221110/20221110.html" target="_blank">official order</a>&nbsp;earlier in the day by Japan's Financial Services Agency to suspend operations.

Bryan Pellegrino, Co-Founder and CEO of LayerZero Labs, announced LayerZero is willing to follow Tron’s step and accept STG balances in FTX at a rate of 1:1 (STG basis) to the underlying STG, with a cap of 50k STG(roughly 2.8 million) in total. Its goal is to “help as many people get something out as possible”.

TRX, the native token of the Tron network, surged over 140% on cryptocurrency exchange FTX, from 12 cents to 29 cents after Tron founder Justin Sun agreed to move Tron-based assets from FTX to external wallets.