According to Lookonchain monitoring, in the past week, FTX cold wallet address has released 3.96 million SOL tokens (equivalent to 230 million US dollars) from pledge, and a total of 3.7 million SOL tokens (equivalent to 215 million US dollars) have been transferred out; currently, there are still 253,407 SOL tokens left (equivalent to 14.75 million US dollars).

A team of former FTX executives is launching a new cryptocurrency company called Backpack Exchange. The team is led by former FTX general manager Can Sun. Backpack Exchange will use Backpack's technology to allow customers to "self-custody" their funds for added security and to avoid further complexity of customer assets.

Can Sun, the former chief legal advisor of FTX, is joining forces with some former FTX executives to establish a new cryptocurrency exchange aimed at solving the problems that led to the bankruptcy of their former employer. Can Sun testified in the criminal trial of Sam Bankman-Fried and was a key witness in the SBF trial. (Wall Street Journal)

Some former FTX executives, including Can Sun, former general counsel of FTX, are joining forces to establish a new cryptocurrency exchange aimed at solving the problems that led to the bankruptcy of their former employer. Can Sun testified in the criminal trial of Sam Bankman-Fried and was a key witness in the SBF trial.

Moody's Head of DeFi Rajeev Bamra considers the role stablecoins play cryptocurrency markets, and the risks posed by "depegging" events.

According to TechFlow news from DeepChain, the FTX 2.0 Coalition, a group of FTX creditors, tweeted that "In fact, FTX is a great brand. Without this brand, a related legacy token would not have reached a market capitalization of $2 billion and a significant trading volume today. We suggest rehiring the marketing department."

Bankruptcy trustee of FTX has filed a lawsuit against cryptocurrency trading platform Bybit Fintech Ltd and its two subsidiaries in a Delaware court, seeking to recover approximately $953 million worth of cash and cryptocurrency assets that were withdrawn from the platform before the FTX collapse. The lawsuit alleges that Bybit's investment department, Mirana Corp., had special VIP privileges that most FTX customers did not have and used these privileges to transfer most of its assets from the FTX platform during the FTX collapse. While FTX customers were waiting in line for withdrawals, Mirana pressured FTX employees to fulfill its withdrawal requests. The other subsidiary company named in the lawsuit is Time Research Ltd.

Hodlnaut, a crypto lending firm based in Singapore, is set to be liquidated by its judicial managers, according to a document from EY. The firm had attempted to avoid liquidation but was met with resistance from creditors. Hodlnaut held assets worth over $13 million in the now-bankrupt FTX exchange and lost $189.7 million in the failed DeFi platform Anchor Protocol. The company had previously informed its users of a pending investigation by the Singapore police.

The SEC chair said that if Tom Farley or other FTX acquiring party is willing to reopen the exchange, they must follow securities law.

According to Watcher.Guru, Gary Gensler, the chairman of the US SEC, said that FTX cryptocurrency exchange may restart under new leadership.