• 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

2112.run Review: On-Chain Roguelike, Architecture, and Web3 Gaming Experiment

chest

An in-depth review of 2112.run, an experimental on-chain roguelike where blockchain powers the core gameplay. Architecture, mechanics, progression, and future potential.

user avatarElena Ryabokon

Worm.wtf: Decentralized Prediction Markets on the Solana Blockchain

chest

Worm.wtf is a decentralized platform on the Solana blockchain that converts predictions of future events into marketable assets. Users trade predictions or create their own markets, earning revenue from community activity.

user avatarMax Nevskyi

Chain of Alliance Review: Gameplay, NFT Mechanics, and Web3 Game Economy

chest

An in-depth review of Chain of Alliance, a turn-based blockchain RPG featuring NFT ownership, strategic gameplay, Web3 economy, and community-driven development.

user avatarElena Ryabokon

BlockchainRPG: The World of Gaming and the Real Economy

chest

The gaming industry is actively changing, and BlockchainRPG is a prime example of this. The project combines the mechanics of classic RPGs with blockchain technology, creating an ecosystem where virtual actions bring real value.

user avatarMax Nevskyi

Altitude and Liquid Restaking: Unlocking Capital Efficiency in Web3

chest

An in-depth overview of Altitude, a DeFi protocol for liquid restaking, covering its architecture, tokenomics, real use cases, and comparison with traditional staking models.

user avatarElena Ryabokon

RWAX and the Rise of Real World Assets: Bringing Traditional Value into Web3

chest

An in-depth overview of RWAX, a Web3 infrastructure protocol for real-world asset tokenization, covering architecture, tokenomics, use cases, and its role in the RWA 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.