We just posted our latest on the crypto crash series. This one is on David’s blog. [David Gerard]

Here’s some of what we cover in this episode:

• FTX had its first-day hearing in its Delaware bankruptcy.
• The SEC was told to back off from FTX by eight members of Congress, five of whom got donations from FTX founders.
• Genesis sets parent company DCG teetering.
• Gemini Trust was exposed to risk via Genesis.
• DCG is not bailing out Genesis this time around.
• Silvergate said its FTX exposure was limited to deposits. It’s not about the deposits!
• Binance is fine, and nothing is wrong! Probably!

Image: The FTX legal team entering the court.