• 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

4 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

Moonlander Review: Features, Gameplay, Perpetual Trading, and the Cronos Web3 Ecosystem

chest

Discover what Moonlander is, how the Web3 platform works, its gameplay mechanics, perpetual trading features, token ecosystem, and how it differs from other GameFi and DeFi projects.

user avatarElena Ryabokon

What Is World Markets? Exploring the DeFi Trading Platform, Unified Margin, and On-Chain Markets

chest

World Markets, World Markets review, DeFi platform, decentralized exchange, DEX, perpetual futures, crypto trading, MegaETH, unified margin account, DeFi lending

user avatarElena Ryabokon

What Is Paradex? Exploring the Decentralized Derivatives Trading Platform Built on Ethereum Layer 2

chest

Learn what Paradex is, how its decentralized derivatives exchange works, its Layer 2 architecture, key features, trading model, and how it differs from traditional DEX platforms.

user avatarElena Ryabokon

Top DeFi Platforms for Passive Income: Comparing Lending, Liquid Staking, and Yield Farming Protocols

chest

Discover the best DeFi projects for passive income. Learn how lending, liquid staking, restaking, and yield farming work, and compare leading DeFi protocols for long-term returns.

user avatarElena Ryabokon

Top Crypto Staking Platforms in 2026: Comparing Services, Security, and Rewards

chest

Discover the best cryptocurrency staking platforms, compare Binance, Lido, Rocket Pool, Kraken, Coinbase, and Ledger Live, and learn how to choose a secure staking service.

user avatarElena Ryabokon

What Is Clash: Heroes of Ferralia? Exploring the Web3 Game, PvP Mechanics, and Digital Asset Ecosystem

chest

Discover how Clash: Heroes of Ferralia works, explore its PvP gameplay, NFT integration, Unreal Engine 5 technology, and the role of Web3 in the game's digital 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.