• 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

Hyperlane Crypto Project Overview: Architecture, HYPER Tokenomics and Multichain Infrastructure

chest

In-depth overview of Hyperlane: architecture, security model, HYPER tokenomics, and real-world use cases in multichain Web3 infrastructure.

user avatarElena Ryabokon

Linera Project Overview: Architecture, Tokenomics, and the Future of High-Performance Layer 1

chest

In-depth overview of Linera: microsharding architecture, parallel transaction execution, tokenomics, and the future potential of this scalable Layer 1 blockchain.

user avatarElena Ryabokon

ZetaChain Crypto Project Overview — Architecture, Universal EVM, ZETA Token and Use Cases

chest

In-depth overview of ZetaChain: architecture, Universal EVM, ZETA token utility, cross-chain mechanics, real-world use cases, and key risks of omnichain infrastructure.

user avatarElena Ryabokon

Manta Network Overview: Architecture, ZK Technology, Tokenomics, and Web3 Ecosystem

chest

Comprehensive overview of Manta Network: modular architecture, zero-knowledge technology, MANTA token utility, ecosystem growth, and privacy-focused Web3 infrastructure.

user avatarElena Ryabokon

WonderHero Review: Gameplay, NFT Characters, WND & HON Tokens, and Play-to-Earn Model

chest

In-depth overview of WonderHero Web3 game: gameplay mechanics, NFT assets, WND and HON tokens, Play-to-Earn model, tokenomics, and long-term ecosystem sustainability.

user avatarElena Ryabokon

Manta Network Overview — Pacific & Atlantic Architecture, MANTA Tokenomics and zk Ecosystem Potential

chest

In-depth overview of Manta Network: Pacific and Atlantic architecture, zero-knowledge applications, MANTA tokenomics, and its role in the evolving Layer 2 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.