• 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

MetaWars Review: How the Web3 Game with NFTs, Mechs, and WARS & GAM Tokens Works

chest

A detailed overview of MetaWars: gameplay, NFTs, WARS and GAM tokens, in-game economy, and key features of this sci-fi Web3 game.

user avatarElena Ryabokon

How Compute Labs Works: Web3 Infrastructure, Token, and Distributed Computing

chest

A detailed overview of Compute Labs: decentralized computing, technology, use cases, and token model. Learn how the project fits into the Web3 ecosystem.

user avatarElena Ryabokon

How League of Ancients Works: Gameplay, NFTs, and Web3 MOBA Economy

chest

A detailed overview of League of Ancients: MOBA gameplay, NFTs, PvP, and tokenomics. Discover how this Web3 game works and what sets it apart from traditional titles.

user avatarElena Ryabokon

How Kingdomverse Works: Gameplay, NFTs, and Web3 Economy Explained

chest

A detailed overview of Kingdomverse: gameplay, NFTs, PvP, PvE, and tokenomics. Discover how this Web3 game works and what makes it unique.

user avatarElena Ryabokon

How Kaby Arena Works: Gameplay, NFTs, and Web3 Tokenomics Explained

chest

A detailed overview of Kaby Arena: gameplay, NFTs, rental system, PvP, PvE, and tokenomics. Learn how this Web3 game works and what makes it unique.

user avatarElena Ryabokon

Heroes & Empires Review — GameFi Project with NFT Assets and Play-to-Earn Mechanics

chest

A detailed review of Heroes & Empires, a Web3 game featuring NFT assets, token economy, and strategic gameplay within the GameFi 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.