• 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 Ostium Labs? Overview of the Web3 Protocol for RWA and Derivatives Trading

chest

A detailed overview of Ostium Labs, a Web3 protocol for on-chain trading of real-world assets. Architecture, features, economic model, risks, and future outlook.

user avatarElena Ryabokon

What Is Parsec? Overview of the Web3 Platform for On-Chain and DeFi Analysis

chest

A detailed overview of Parsec, a Web3 platform for real-time on-chain analytics. Features, architecture, use cases, advantages, and future development.

user avatarElena Ryabokon

What Is Membrane Labs? Overview of the DeFi Protocol, Architecture, and Economic Model

chest

A detailed overview of Membrane Labs, a Web3 DeFi protocol. Architecture, economic model, stablecoins, collateral mechanisms, risks, and future development.

user avatarElena Ryabokon

What Is TonHashers? How the TON-Based Blockchain Game Works in Telegram

chest

A detailed overview of TonHashers, a blockchain game on Telegram built on TON. Gameplay mechanics, in-game economy, assets, risks, and future development prospects.

user avatarElena Ryabokon

Night Crows Explained: How a AAA-Style MMORPG Integrates Blockchain and Web3

chest

An in-depth overview of Night Crows, a blockchain MMORPG built on Unreal Engine 5, featuring massive PvP battles, a global economy, and Web3 integration.

user avatarElena Ryabokon

Neos Metaverse is a digital space for collaborative creativity

chest

In the digital age, Neos Metaverse offers an innovative approach to virtual interaction. This project creates an interactive ecosystem where users come together for real-time creativity and communication.

user avatarMax Nevskyi

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.