Bankman-Fried was arrested in the Bahamas on Monday, at the request of US authorities, a day before he was scheduled to testify before Congress

The Singapore state investor said it had invested $210 million for a minority stake in FTX International, and $65 million in FTX US

FTX founder and former chief executive Sam Bankman-Fried, said he expanded his business too fast and failed to notice signs of trouble at the exchange

"We do need some regulations. We do need to do this properly. We do need to do this in a stable way," Binance CEO Changpeng Zhao said

Zipmex resumed withdrawals a day after suspending them on July 20 and said it was working to address its exposure of $53 million to crypto lenders Babel and Celsius

Under the plan, Alameda Ventures, the trading firm also founded by Sam Bankman-Fried, would purchase all of Voyager's digital assets and digital asset loans,

Zipmex is the latest in a string of crypto players globally to run into difficulties following a sharp selloff in markets that started in May

A total of 15 places, including cryptocurrency exchanges and related offices, were searched on Wednesday

Ravi Menon, managing director of the Monetary Authority of Singapore, pushed back at reports that regulators missed the failings of crypto hedge fund Three Arrows Capital

The crypto lender said its Chapter 11 filing means it would not seek permission to let customers withdraw from their accounts but would continue other operations

The Singapore-based hedge fund, which was reported to have $10 billion in cryptocurrency earlier in 2022, filed for bankruptcy in the British Virgin Islands in late June

The firm - founded by Australian videogaming entrepreneurs - said the funding was backed by Liberty City Ventures and Kingsway Capital