• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Which companies were affected by the collapse of FTX?

Which companies were affected by the collapse of FTX?

user avatar

by dapp_writer005

3 years ago


After the collapse of the FTX crypto exchange, which began in early November, many cryptocurrency companies began to feel the consequences of this incident. 

The American venture capital fund Sequoia Capital lost $210 million in investment due to FTX cooperation. The BlockFi platform announced the suspension of the withdrawal of funds. The company did not comment further. However, users have speculated that the exchange may be insolvent.

Also, celebrities who acted as ambassadors lost their investment in FTX. For example: football player Tom Brady, basketball player Steph Curry and tennis player Naomi Osaka.

Studio ATMTA, which develops and releases the Star Atlas metaverse on the Solana blockchain, has lost half of its funds. The director of the company does not say how much was invested in FTX. However, he warned players of significant risks.

The Galois Capital fund team tweeted that about $40 million is stuck on FTX. It is possible that it could take several years to return the funds.

The exact amount of damage is still unknown, since every day information is received from the affected exchanges and the list is replenished with new names. 

Earlier, a post appeared that the SEC began to closely study the activities of the head of FTX.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other articles

What Is Foresee.lol? Web3 Prediction Platform, Solana Architecture, Features, and Future Potential

chest

Foresee.lol is a Web3 prediction platform built on Solana. Learn about its features, architecture, ecosystem, and future potential as a decentralized forecasting and social blockchain project.

user avatarElena Ryabokon

What Is XProtocol? Technology, KICK Token, XForge Smartphone, and Web3 Infrastructure Explained

chest

Detailed overview of XProtocol, a Layer-3 blockchain infrastructure featuring the KICK token, XForge DePIN smartphone, scalable architecture, tokenomics, and Web3 ecosystem development.

user avatarElena Ryabokon

Fount Review: How the Web3 Fundraising Platform Supports Blockchain Startups

chest

Fount is a Web3 fundraising platform enabling decentralized investment in blockchain startups. Learn about its architecture, features, and role in the Web3 ecosystem.

user avatarElena Ryabokon

Face-Off Arcade Game Review: Gameplay, Features, and Sei Network Technology Explained

chest

Explore Face-Off Arcade on Sei, a fast-paced Web3 arcade PvP game built on Sei Network. Learn about gameplay mechanics, blockchain integration, and the future of Sei gaming.

user avatarElena Ryabokon

PocketSol Web3 Game Analysis: Gameplay Mechanics, Tokenomics, and Earning Model

chest

In-depth review of PocketSol, a Solana-based blockchain 8-ball pool game featuring $BALL token rewards, play-to-earn mechanics, tokenomics, risks, and future potential.

user avatarElena Ryabokon

Fount Platform Review: Architecture, Features, and Investment Model Analysis

chest

In-depth overview of Fount covering its concept, architecture, token sale performance, investor benefits, risks, and long-term potential in the Web3 launchpad ecosystem.

user avatarElena Ryabokon

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.